Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap
Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far.
Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern on whether the industry that has powered the bull market in equities has run too far.
The US Justice Department could decide by the first week of June whether to tear up its controversial deferred-prosecution agreement with Boeing Co., according to lawyers for the families of people killed in two crashes of 737 Max jets.
The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.
Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., priced its initial public offering above a marketed range and slightly expanded it to raise a total of $752 million.
South Korea’s economic growth accelerated to a pace faster than the most optimistic forecasts last quarter, dimming prospects for a near-term interest-rate cut and offering belated relief to President Yoon Suk Yeol after an election setback that threatens his policy initiatives.
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