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Hong Kong, Singapore adopt divergent approaches to SPACs as deals heat up

Blog Blog Blog Blog 2 Mar, 2021 Author Rebecca IsjwaraXiuxi Zhu Hong Kong and Singapore, Asia s most established financial centers, are taking very different approaches to blank-check companies, alternatives to traditional IPOs that are gathering steam in the region where takeover targets are plentiful. Singapore Exchange Ltd. is reportedly working toward listing special purpose acquisition companies, which are skeleton organizations that launch with the intention of buying and reverse merging with a private company, as early as 2021. On the other hand, Hong Kong Exchanges & Clearing Ltd., where companies raised several times more funds from IPOs than its Singapore counterpart in 2020, is treading a cautious path.

Stock Futures Hold Steady Ahead of Fresh Powell Testimony

Provided by Dow Jones By Will Horner and Xie Yu U.S. stock futures were little changed Wednesday as investors awaited fresh comments from Jerome Powell a day after the Federal Reserve chairman soothed unsettled markets. Futures tied to the S&P 500, the Dow Jones Industrial Average and the technology-heavy Nasdaq-100 inched up 0.1%. Stock markets have wavered in recent days following a strong start to the year, with highflying tech companies leading declines. Investors said a rise in government bond yields, driven by improving growth prospects and rising inflation expectations, has accelerated a rotation out of the tech stocks that led markets higher during the pandemic, and into the stocks best placed to benefit from an end to lockdowns.

Stock Futures Tick Higher Ahead of Fresh Powell Testimony

Stock Futures Tick Higher Ahead of Fresh Powell Testimony
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

U S Stocks Tick Lower Ahead of Powell Testimony

U S Stocks Tick Lower Ahead of Powell Testimony
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

Dow Industrials Tick Up as Investors Focus on Powell

Dow Industrials Tick Up as Investors Focus on Powell
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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