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ame back online following yesterday's holiday and the Yen strengthened back to the mid-108 levels. Softbank (-3.5%) continues to weigh following the Alibaba IPO. Australia underperformed with banks leading declines on concerns of regulatory changes after the RBA said it might take additional steps to ti
to most preferred list & removes POLY LN from least preferred list, DB downgrades OGKE RX ••• Citi downgrades RMV LN, Exane initiates ALIV SS (op), Bernstein upgrades REL LN, Macquarie downgrades TSCO LN • Davy upgrades WOS LN, Beka upgrades EBRO SM, Equinet downgrades VIH GY, Citi initiates ZPLA LN (n)
governors banned the messaging app WeChat and other apps owned by the Chinese firm Tencent. Sununu went further, banning apps owned by Chinese firm Alibaba and telecommunications hardware and smartphones made by Chinese firms including Huawei and ZTE. The article quoted Sununu, who said the ban, "will
12/15, Marcus), The Daily Beast (12/15, Houghtaling), Axios (12/15, Knutson), Washington Examiner (12/15, Schilke), and the National Review (12/15, Bernstein). Senate Sends Biden Bill to Keep Gov't Open Through Dec. 23 The Associated Press (12/15, Freking) and the New York Times (12/15, Cochrane) reporte
st), as well as positive sentiment for the Upper House election coming up this Sunday. Softbank's (+4%) momentum continued from yesterday following Alibaba numbers and reports of a fuel cell JV with Bloom energy. Taiwan was led lower by tech names with the worries over signs of a pick-up in handset inve
ange) US Key Research: Stifel initiates Shippers — STNG/NNA/CPLP/TNP/ANW (buys) & DSX/NMM/CMRE (holds) & SSW (sell) ••• Wedbush initiates UA (op), Bernstein initiates FOXA (op), B. Riley initiates GUID (buy) • Raja downgrades CTXS, RBC initiates VTG, DB upgrades LNC/MET (buy), Citi initiates HCN (neut)
ed (+5.4% and up close to +18% for the month), seeing follow-thorough from Friday's Robin Hood mention as well as CLSA highlighting that interest in Alibaba is "unprecedented" (Softbank owns 38% stake). Insurance names (+1.6%) also stronger after Citi boosted PT's across the group and reiterated BUY rat
), KBW initiates LEAF/ESNT (op) RBC downgrades AOL & upgrades HTLD, Raja upgrades BLMN/JBLU, UBS initiates PX (neut) ••• Jefferies downgrades SCHN, Bernstein upgrades SYK, Wells initiates UMBF (mp) Europe Key Research: • DNB downgrade MEO1V FH, Berenberg initiate LNZ AV (h) • Citi cut SDR LN from most p
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