New broom could sweep in SPACs to Hong Kong stock exchange

New broom could sweep in SPACs to Hong Kong stock exchange

(ATF) The new management expected at the Hong Kong Stock Exchange could see the Asian financial hub embrace the SPAC boom that has engulfed Wall Street, reports indicate. The boom in SPACs – special-purpose acquisition companies – has swept the US and brought avid interest from Asian financial centres like …

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Markets this week: PBOC decision, southbound flows, Treasury yields

Markets this week: PBOC decision, southbound flows, Treasury yields

ECONOMIC EVENTS Investor focus will remain on bond markets after yield on the benchmark 10-year Treasury note, jumped to a one year high of 1.36% last week amid worries this could dull the lure of riskier assets. “The acceleration in US 10-year Treasury yields to pre-pandemic levels is generating concerns …

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Investors inundate equity funds as reflation trade rolls on

Investors inundate equity funds as reflation trade

Global equity funds led investment inflows in the week to Feb. 17, as fund investors favoured riskier assets on optimism over the coronavirus vaccine roll-outs and expectations of a massive U.S. stimulus package. In the week to February 17, investors poured $27.8 billion into various equity funds with Emerging Markets, …

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Treasury yields touch a post-Covid high on Fed comfort with inflation

Treasury yields touch a post-Covid high on Fed comfort with inflation

(ATF) The 10-year US Treasury yield touched 1.33% on Wednesday – its highest point since the Covid pandemic developed pace last February, as it emerged that the Federal Reserve is debating how to make the public comfortable with higher inflation. Government bond yields eased later in the day. Federal Reserve …

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SPAC deal that values EV firm Lucid Motors at $12 billion is close

SPAC deal that values EV firm Lucid Motors at $12 bn is close

(ATF) Electric vehicle (EV) firm Lucid Motors is close to a deal to go public at a roughly $12 billion valuation via Michael Klein’s special purpose acquisition company (SPAC) Churchill Capital IV. Chinese backers including BAIC Motor and LeEco could gain from a deal. A merger between Lucid Motors and …

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Arnault and Mustier take SPAC fintech boom global

Arnault and Mustier take SPAC  fintech boom global

(ATF) Former UniCredit CEO Jean-Pierre Mustier and Europe’s richest person Bernard Arnault will join French investment firm Tikehau Capital and banker Diego De Giorgo with a special purpose acquisition company (SPAC) to target European financial deals, it was announced on Monday February 15. A listing in Amsterdam underscores SPAC expansion …

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China showbiz shares surge amid new year box office boom

China showbiz shares surge amid new year box office boom

(ATF) Chinese entertainment equities - led by cinema designer Imax China and Alibaba-backed Ali Pictures soared on February 16, fuelled by massive box office receipts over the lunar new year holiday. Cinemagoers in China helped box office receipts reached historic highs during the lunar new year holiday, topping Rmb 1 …

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