NEW YORK (dpa-AFX) – Fears of a further tightening of Chinese restrictions against Covid marred investor sentiment on US stock markets earlier in the week. Beijing’s threat of tougher measures against the coronavirus pandemic has triggered the largest wave of protests in the country in decades and is likely to further dim global economic growth prospects.
Der Dow Jones industrialist
Market expert Andreas Lipkow explained that the events in China appeared to be an opportunity for many market participants to sit on the sidelines for the time being. The effects of the protests are difficult to estimate and represent a serious mixed situation for many industries and sectors. The protests have spread to many cities and manufacturing sites in China and could lead to significant disruptions in supply chains in Europe, the United States and Asia, Lipkow warned.
A prominent example is the iPhone maker Apple
A report of another death linked to the lecanemab antibody used to treat Alzheimer’s weighed on Biogen’s papers
Shares of China’s largest agricultural online platform Pinduoduo, listed on the Nasdaq, rose more than 13%. The company reported revenue of nearly $5 billion for its fiscal third quarter, which significantly exceeded average analyst expectations.
That of the German chemical retailer Brenntag
confirmed interest in US rival Univar Solutions
increased its shares by 4.6%. If there will be a transaction it is still open. The market for trade in chemicals is considered to be highly fragmented.
Valuations by UK bank Barclays for shares in US food maker Beyond Meat
ISIN US2605661048 US6311011026 US78378X1072