Among the biggest stock shorts are a big bet against an EV maker
Investors hiked their short bets on a handful of electric vehicle and charging companies during the second half of September.
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Investors hiked their short bets on a handful of electric vehicle and charging companies during the second half of September.
(Bloomberg Markets) -- In the ballroom of the five-star Shangri-La Singapore hotel, Anthony Tan celebrated a triumph for the country’s up-and-coming tech scene. “Today we shine a spotlight on Southeast Asia!” he told the adoring crowd. His company, Grab, the region’s answer to Uber, was about to make its stock market debut.Most Read from BloombergIsrael Latest: Israel Vows to Wipe Out Hamas as Ground War LoomsApollo CEO Marc Rowan Demands UPenn Leaders Quit Over ‘Antisemitism’IMF Caught Off Guar
The rough journey of an Uber-like ride- ailing company helps explain why the island nation has struggled to become Asia's Silicon Valley
While many tech stocks have stumbled, some as much or more than Grab, it has no been a great time for the Singaporean multinational technology company recently and Grab stocks are still down almost 70%.
KE Holdings Inc (NYSE:BEKE), a leading player in the real estate industry in the People's Republic of China, has seen a significant surge in its stock price over the past three months. This impressive performance has pushed the company's market cap to $21.42 billion. KE Holdings Inc operates an integrated online and offline platform for housing transactions and services in China.