This powerful stock-market momentum trade has hit a wall after seeing biggest unwind since 2001

SEOUL, SOUTH KOREA – 2025/05/07: General view of the headquarters of the Bank of Korea in central Seoul. The Bank of Korea (BOK) is the central bank of South Korea and the institution that issues the Korean won. It was founded on June 12, 1950 in Seoul. (Photo by Kim Jae-Hwan/SOPA Images/LightRocket via Getty Images)…

Shares of Chinese autonomous-driving software developer Momenta Global made a muted debut on the Hong Kong Stock Exchange on Wednesday, reflecting cautious investor sentiment despite the company’s successful HK$5.89 billion ($751 million) initial public offering, according to Reuters. The stock opened at HK$301, slightly above its IPO price of HK$295.60. It climbed to an intraday…

For a building as notorious as 281 Park Avenue South, it’s only fitting the buyer proved to be persona non grata in New York City. Airbnb was unearthed as the purchaser ornate, Beaux Arts-style landmark in Manhattan, the Wall Street Journal first reported. RFR’s Aby Rosen was reported last month to be in contract to…

Key Points Shares of Sandisk (NASDAQ: SNDK) sank on Monday as chip stocks pulled back. Yet several Wall Street analysts remain undeterred, with price targets for Sandisk’s stock that are well above current levels. Image source: Getty Images. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10…

investingLive Asia-Pacific FX news wrap: Iran-US clashes escalate as Bahrain, Kuwait bases hit; oil barely moves !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Key insights: Dhivya Suryadevara is resigning as president of Fiserv. What’s at stake: The bank technology vendor is in the midst of a turnaround strategy that has included a shake-up of its management team. Forward look: Andrew Gelb and Srini Krish will be interim co-heads of financial solutions at Fiserv to support continuity. Fiserv’s attempt…