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Employees walk past the Ant Group Co. headquarters in Hangzhou, China, Monday, Sept. 28, 2020.
Photographer: Qilai Shen / Bloomberg
Photographer: Qilai Shen / Bloomberg
“If it had been five years ago, it would not have been possible even three years ago,” said Jack, founder of Chinese e-commerce company Alibaba Group.This is Mr. Ma. The fact that Ant’s largest IPO in history takes place in Shanghai and Hong Kong instead of New York can be remembered in posterity as a symbolic event that has changed the course of the world economy. Here are five news items to watch out for as you start your day.
Largest in history
Alibaba Group financial companiesAnt Group is expected to raise more than $ 17 billion (about 1.8 trillion yen) from both markets through new stock quotes (IPOs) in Shanghai and Hong Kong, respectively. The size of the combined IPO of both markets is about $ 34.5 billion before the exercise of the green shoe option, which is probably the largest in history, beating last year’s IPO of Saudi Ramco ($ 29 billion ).
Good valuable news
In a clinical trial of a new vaccine candidate for coronavirus infection (COVID19) jointly developed by the University of Oxford and AstraZeneca.A strong immune response was observed in older adults and the elderly. The new Crown has the highest risk of aggravation in the elderly. The ad also showed that participants over the age of 56 had fewer side effects.
The consequences of chasing returns
Unsecured bondsIn the past, the standard amount of money to collect in the event of default (default) was approximately 40 cents on the dollar of face value, but now it is a sad prospect that only 1 cent or even that amount cannot be collected. Ultra-low interest rates encouraged high-risk companies to issue bonds with little protection for investors, which investors seeking returns were willing to buy. When a new wave of pain rushed through the economy, it appeared.
Stocks go up in double digits
JP Morgan Chase’s Dubrafco Lacos Bujas is the most optimistic scenario for President Trump’s re-election.The S&P 500 stock index is expected to rise to 3,900 by the end of the year. It is estimated that it will increase by 12.5% from the closing price of the 23rd, which exceeds the company’s basic forecast by about 300. The overwhelming victory of the Democratic Party and the consequent agreement on economic support measures are different from those of traders who recognize it as a bullish scenario.
Devaluation of US bonds
Black padlockHe lowered the investment valuation for US bonds. He noted that the Democratic Party is more likely to control the presidency and the House of Representatives and embark on large-scale financial expansion. If that happened, the market was hoping to factor in rising inflation ahead of schedule. “For this reason, we have tactically lowered the valuation of interest-bearing ordinary government bonds and raised the valuation of inflation-linked bonds,” he said.
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