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Global Market Quick Take: Asia – March 27, 2024
On its debut day, Trump Media & Technology Group surged 58.8% after merging with a SPAC, settling at $57.99, a 16.1% increase from the SPAC's previous close. Tesla rose 2.9% with new initiatives for its Full Self Driving system. Iron ore futures in Singapore fell over 4% due to concerns over weak demand from Chinese steel makers. Alibaba canceled the IPO of its subsidiary, Cainiao Smart Logistics Network. Australia's CPI grew 3.4% Y/Y in February, slightly below economists' 3.5% projection and unchanged from January. chart Equities: On its first day of being publicly listed through merging with a SPAC, Trump ... (full story)