By Marcus Devlin
Two decades covering equity markets. Writes on single stocks, sectors, valuations and the trades behind the tape.
RBC trims H&M forecasts as costs rise in second half
RBC Capital Markets has trimmed its earnings forecasts for H&M, citing softer like-for-like sales and higher expenses in the fiscal second h
Del Vecchio son exits EssilorLuxottica roles, stays as shareholder
Leonardo Maria Del Vecchio will leave his executive roles at EssilorLuxottica on August 31, following reported tensions with CEO Francesco M
Asian chip stocks rebound as investors buy the dip ahead of Nvidia earnings
Asian chip-heavy markets rebounded after early losses, with South Korea's KOSPI up 0.7% and Taiwan stocks up 0.9%. Investors bought the dip
South Korean stocks rise on Hyundai wage deal, Nvidia earnings watch
South Korean stocks rose Tuesday, lifted by a tentative wage deal at Hyundai Motor and anticipation of Nvidia's earnings. Consumer sentiment
Suzhou Everbright Photonics accepts 23% cut on unpaid laser bar bill
Suzhou Everbright Photonics has agreed to a court-mediated settlement that reduces a customer's unpaid bill to 32.2 million yuan from 42 mil
Shein's Hong Kong IPO order book fully covered, raising up to $1.8B
Shein's Hong Kong IPO is fully covered, with demand matching the $1.8 billion deal. The fast-fashion giant could be valued at up to $27 bill
UK stocks set to edge higher as oil rebounds, Shell pauses gas project
UK stocks are expected to open slightly higher as oil prices rebound from Monday's drop. Meanwhile, Shell has paused its Aphrodite gas proje
OmniVision's profit slips as chip design demand weakens
OmniVision Integrated Circuits reported a first-half profit drop to 1.22 billion yuan, even as revenue edged up. Weaker demand in its high-m
African markets weigh Iran sanctions, oil dip, and a firm rand
Asian shares slipped and oil steadied after a 2% drop as traders weighed US threats of tougher Iran sanctions. South Africa's rand held near
Shein's Hong Kong IPO finally set for September 1 at a fraction of its peak value
After years of delays, Shein is finally set to go public in Hong Kong on September 1, at a valuation far below its peak. Meanwhile, Nvidia i
Indian bond yields steady as oil holds near $92 despite Iran sanctions
India's benchmark bond yield is set to hold near 6.85% as oil prices stay around $92 despite new US sanctions on Iran. The RBI's inflation f
ASX 200 edges up 0.4% as miners and banks lead, Woodside defies oil slide
Australia's benchmark ASX 200 gained 0.4% as heavyweight miners and banks pushed the index higher. BHP and Rio Tinto advanced, while Woodsid