This week’s earnings details have included some big-name reckonings with the value of high-growth, high-tech — and high-risk — companies. Ford and Amazon writing down stakes in electric vehicle maker Rivian; Alphabet and Microsoft noting some equity bets that declined in value.
Hong Kong’s Hang Seng closes 4% higher, as Chinese stocks gain on hopes of more policy support
Shares in Asia-Pacific rose on Friday, with technology stocks in the region jumping following big gains on Wall Street that saw the Nasdaq Composite surging 3%.
Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market
Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps businesses manage flows of money across borders, is in talks to make an acquisition worth up to $400 million to drive an expansion in the continent, CEO and co-founder Prajit Nanu told CNBC.