Arm had secured a valuation of $54.5 billion on Wednesday after pricing its IPO at the top end of the marketed range. It fetched $4.87 billion for SoftBank, which still holds a 90.6% stake.
Shares of Arm Holdings will make their widely anticipated debut on the Nasdaq after the chip designer on Wednesday notched a $54.5 billion valuation in its IPO, priced at $51 per American Depositary Share
Gasoline fuels US inflation, but underlying trend weakens; Ford rises on plans to double production of pickup trucks
Against a 10 per cent rise in the BSE Sensex, China's benchmark Shanghai Composite index has stayed flat year-to-date. BofA said the consensus is that policy in China will be limited to fine-tuning the real estate or property market.
Apple slips on report China bans iPhone use for govt officials; Lockheed Martin slips on F-35 jet delivery outlook cut; Roku jumps on plan to cut workforce
Miners .SXPP finished up 0.6% after rising nearly 2% intraday, as iron ore futures rallied on optimism over top steel producer China's policy support for its struggling property sector.
Japanese shares have also been doing well, with the Topix marking a 33-year high in the wake of data showing recurring profits at Japanese companies hit a record in the second quarter.
US consumer spending increased by the most in six months in July, but slowing monthly inflation rates cemented expectations that the Federal Reserve would keep interest rates unchanged next month. U.S August payrolls data tonight could offer more clues.
China has halved stock trading stamp duty, loosened margin loan rules, put the brakes on new listings and approved new retail funds in recent days -- signalling, at least, resolve to steady the market even if it does little to support the sputtering economy.
Goldman Sachs gained 1.8% after the lender struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC.
While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves.
Jackson Hole meeting: The Fed chief is unlikely to indicate that the rate hiking cycle is coming to an end, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
US yields stabilised below 14-year highs. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centred worries about global growth.
Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%, also lifted by Nvidia's bullish outlook.
Nvidia gains ahead of quarterly results; Peloton drops on missing positive cash-flow target
Axis Securities is betting on Lupin, Cipla and Aurobindo Pharma with up to 19 per cent upside potential.
Higher rates in Japan pushed the U.S. 10-year yield over 4% and reduced the attractiveness of stocks.
Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry.
The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publisher of the "Call of Duty" and "Candy Crush" franchises.
The economic recovery has lost momentum after an initial burst in the first quarter, prompting monetary authorities to lower key policy rates last month.
Investors are anxious to see if price pressures are continuing to moderate. That could shed light on the interest rate outlook, with many traders expecting the Fed to raise interest rates by 25 basis points this month.
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