Asian shares surged on Wednesday as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
"Alibaba's split may pave the way for other Chinese tech giants to do similar," CMC Markets analyst Tina Teng said.
Futures indicated European stocks were set to open higher, with Eurostoxx 50 futures up 0.41%, German DAX futures up 0.38% and FTSE futures up 0.08%.Also helping sentiment was easing worries over the banking sector, with investor nerves soothed by the sale of assets in collapsed lender Silicon Valley Bank and few signs of further stresses in the banking system following weeks of volatility in the market.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Alibaba stock price surges as Chinese giant plans biggest overhaul everAlibaba stock jumps 10% as the Chinese tech giant begins its biggest reorganization ever and eyes new IPOs
Leer más »
Chinese tech giant Alibaba says it will split into 6 unitsAlibaba says it will split into six businesses that will be able to pursue independent fundraising and IPOs. This is Big Tech breaking itself up.
Leer más »
Asia markets set to trade mixed as investors watch Alibaba's Asia sharesAsian markets trade mixed as investors observe the reaction to Alibaba's Asian shares after reorganization, while Australia will see its inflation numbers for February.
Leer más »
Alibaba to overhaul into six units while retaining stock-market listings: reportAlibaba will overhaul its operations, the South China Morning Post reported, citing a letter to employees. The company will reorganize into six independently...
Leer más »
STOCK MARKET NEWS: Alibaba split, Lyft’s new CEO, SVB hearings, Walgreen’s, Micron reportInvestors will monitor the first Silicon Valley Bank hearing, Jack Ma’s Alibaba is restructuring, Lyft gets new CEO and Walgreen’s, Micron report. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Leer más »
Alibaba's breakup plan lifts hopes China's tech crackdown is endingShares in Alibaba Group and other leading Chinese tech firms jumped on Wednesday, as investors cheered an unprecedented revamp of the Jack Ma-founded company as heralding the beginning of the end to Beijing's crackdown on the sector.
Leer más »