Articles by: Elmira Miteva

AIA Group shares surge, Asian stocks rise after economic expansion

Asian stocks reached a three-month record high in Monday trading. Despite the worries prompted by the rising tension between China and the US, the stocks in Hong Kong, Shanghai and Japan surged on Monday. The reason for that was the news about the resuming of numerous Asian businesses and the hope of economic recovery. In […] Read more

Virgin Money UK shares drop, Australia stocks perform better despite closing lower

Australian stocks closed lower in Friday trading, with the Financials, Healthcare and A-REITs sectors showing the biggest decline. The financial services company Virgin Money UK was the worst performer on Friday, with shares dropping 10.20% or 0.20 points to trade at 1.80. Despite closing low, the Australian stocks enjoyed a record high in the last […] Read more

Boeing shares climb after resuming passenger jet production

After three consecutive days of gains, the S&P 500 stocks had a muted opening in Thursday trading. Despite that, Boeing Co.’s shares jumped 4.7% in premarket, which marks the biggest climb among the 30 blue-chip companies in the Dow Index. The planemaker stated its plans for resuming the production of its passenger jet 737 MAX. […] Read more

Cineworld shares jump amid UK cinemas reopening plans

European stocks opened higher in Thursday trading, achieving a fourth consecutive gain. The German DAX surged 0.7%, while the UK FTSE 100 gained 0.8%. The world’s second largest cinema chain, Cineworld, was also among the leading companies in early Thursday trading, with Cineworld Group’s shares climbing 29%. The company stated that it conducted negotiations for […] Read more

Walt Disney shares rise in premarket trading, Orlando theme parks to reopen

Despite the rising tension between China and the U.S., Wall Street stocks jump in premarket trading Wednesday. The reason for this is the hope for the recovery of businesses as companies begin to resume their activities. Walt Disney Company is among the stocks that made the biggest moves in premarket trading Wednesday. The mass media […] Read more

DOWA Holdings shares close high, Japan stocks reverse earlier losses

After the increasing tension in Hong Kong, the Asian stocks were mixed in Wednesday trading. While the Shanghai Composite Index and the Hang Seng Index declined, the Japanese stocks closed high on Wednesday. The Real Estate, Paper & Pulp and Railway & Bus were the leading sectors that contributed to the jump in Japanese stocks. […] Read more

Novavax shares surge after news of experimental coronavirus vaccine

The biotech company, Novavax, was among the top performers in Tuesday trading. The vaccine developer’s shares jumped 13.3% to $52.25 after the company shared that it is launching its experiments on an anti-coronavirus vaccine. Novavax stated that it began the first phase of its vaccine experiment. The first step towards the development of the vaccine […] Read more

Japan’s Marvelous shares jump, Tencent to become the company’s largest shareholder

The shares of the Japanese gaming company Marvelous Inc. were untraded after the increase of buy orders on Tuesday. The predictions for the company’s stock is to close at its daily trading limit of 17%. This was a result of the latest news of the Chinese company Tencent buying a 20% stake in Marvelous Inc. […] Read more

Foot Locker stock drops, first quarter results are worse than expected

After Foot Locker reported first-quarter losses and sales, the company’s stock continued dropping. The sportswear and footwear retailer’s shares declined 4.5% in premarket trading Friday. This was the outcome of the first-quarter results, which were worse than analysts’ predictions. Foot Locker stated same-store sales fell 42.8% during the first quarter, which is a performance far […] Read more

Sun Hung Kai Properties shares fall, tension between China and the West increases

Hong Kong shares dropped down on Friday with property shares enduring a major hit. The real estate company Sun Hung Kai Properties Limited, along with Sino Land and Wharf Real Estate, suffered a drop of more than 6.6%. In the past few weeks the tension between China and the U.S. intensified as the two countries […] Read more