US Stocks Move: Lucid Rises Nearly 11%, Uber Discloses 11.52% Stake in the Company
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French budget and election risks weigh heavily, euro posts its worst monthly performance in over a year, hedge funds increase short positions accordingly
As political and fiscal risks continue to escalate in France, hedge funds are aggressively buying options to bet on a decline in the euro against the US dollar in order to profit.
Foreign capital accelerates withdrawal, Indian stock market faces "the worst consecutive decline in twenty-five years"!
Foreign investors are accelerating their sell-off of Indian stocks — with a net sale of approximately $1.06 billion on Wednesday alone, significantly higher than the previous five-day average of around $720 million. Year-to-date net sales have reached $27.8 billion, setting a new historical record. Meanwhile, if the Nifty 50 and Sensex close lower this week, it will mark the longest consecutive weekly decline in 25 years. The market closure on Friday has further heightened investor caution, and there will be some pressure for position adjustments when trading resumes next week.
Lunit cuts conversion price on convertible bond to KRW 18,264 from KRW 19,450
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