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Asia and Europe Follow Wall Street Down, But Individual Stocks Outperform

August 12, 2023
in Trade Tube
Reading Time: 1 min read
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Alibaba’s disappointing valuation as it files for IPO hit Japanese mobile operator Softbank Corp., its largest shareholder. Ukraine turmoil hurts French bank Societe Generale SA and Danish brewer Carlsberg A/S. But French retailer Casino soars on news it plans to open a global ecommerce platform, listed in New York. London bank HSBC Holdings plc declares a 20% decline in quarterly profit. TV company ITV plc agrees to buy 80% of Letfield Entertainment Group for $360 million.

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