Dec 27 (Reuters) - Shanghai Stock Exchange:
* FILING SHOWS BLOCK TRADE OF KWEICHOW MOUTAI'S 2.94 MILLION SHARES INVOLVING 1.91 BILLION YUAN ($291.47 million) ON DEC 27 Source text in Chinese: http://bit.ly/2yJZikT Further company coverage: ($1 = 6.5530 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)
The insurer was accused by a short-seller of "extensive" fraud.
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Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Nvidia chipmaker Taiwan Semiconductor reports early Thursday, with huge implications for the chip sector. The stock market rally opened slightly higher but once again quickly headed lower, with the Nasdaq leading the retreat.
Investors rarely get a chance to buy growth stocks at such depressed valuations.
Raoul Pal has an extensive background in financial markets. He has served as head of European hedge fund sales for equities at Goldman Sachs and a portfolio manager at a hedge fund. More recently, he started his own crypto hedge fund, investment research firm and financial knowledge platform. His opinion on crypto is valued around the world, and he is constantly sending out market insights to his 1 million followers on X. Pal considered many factors to arrive at his prediction that Bitcoin will
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(Reuters) -Pipeline and terminal operator Kinder Morgan on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company, which operates about 79,000 miles of pipelines, said it is banking on growth in electric demand primarily driven by demand from new and expanding data centers, especially those required to support AI. Houston, Texas-based Kinder Morgan had said in January it continues to have a bullish outlook for natural gas demand due to demand from LNG export facilities and increased exports from Mexico.
With strong demand and AI partnerships with Google in hand, Nvidia stock shows resilience and etches a potential breakout.
A downbeat report from ASML dragged down other AI stocks.