Shares of Apple, Microsoft and other heavyweight companies dipped on Monday after Nasdaq Inc said it would rebalance its Nasdaq 100 index to address the benchmark's"overconcentration."
Wall Street's most valuable stocks declined after Nasdaq said late on Friday it would carry out a"Special Rebalance" of the index to"address overconcentration in the index by redistributing the weights." The Nasdaq 100 includes 100 of the largest companies that trade on the Nasdaq exchange, and changes to the index will force investment funds that track it to adjust their portfolios and sell shares of companies that have their weight in the index reduced.
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مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
Singapore's private home market sees first price drop in 3 years: What's next?We don't usually focus too much on the results of a single quarter, but this is an exception. Q2 of 2023 marks the first time we've seen a faint dip in property prices, since around Q1 of 2020. But does this show property prices are about to cool down at last, or are we just reading too much into it?...
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مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
China-led EV boom in Thailand threatens Japan's grip on key marketBANGKOK: Thailand's Siam Motors partnered with Nissan Motors in 1962 with a factory that rolled out four cars a day, leading to a profitable, decades-long relationship with Japanese companies that transformed it from a car dealer to an automotive pioneer. But the Thai family-owned group that has grown annu
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »