Asian markets rise, South Korean shares emerge ahead of US CPI report

Ramsay Health Care shares plunge 14% after takeover talks hit a roadblock

Australian hospital operator Ramsay Health Care’s shares fell as much as 14.6% after the company announced that a KKR-led consortium was “unable to improve the terms” of a takeover proposal.

Ramsay Health rejected the proposal earlier this year, saying the offer was “meaningfully inferior.”

The company’s shares later recovered slightly, but were still 11% lower.

— Abigail Of

Nio jumps more than 20% at open after Deutsche Bank report

Hong Kong-listed shares of Chinese electric car maker Nio jumped as much as 21[ads1]% at the open after a bullish report from Deutsche Bank.

Analyst Edison Yu reiterated his buy rating and made minor changes to forecasts, saying the Nio remains Deutsche Bank’s top EV pick in China in a note dated Sept. 12.

“The company’s efforts around user experience, battery replacement, overseas expansion and internal battery cell development are greatly underestimated and will eventually show clear differentiation as the local Chinese market becomes increasingly competitive,” Yu wrote.

The company’s shares were last 17% higher.

Ji Hye Lee

CNBC Pro: Forget oil – coal is hot right now. Here are 2 stocks to play it, according to the pros

Coal mining in Wyoming.

Brian Brainerd | Denver Post | Getty Images

Coal prices are at record highs, and market watchers see prices heading even higher as a global energy crisis looms.

“It’s almost like any or all companies are a buy,” analyst Peter O’Conner said of the booming coal sector, revealing his favorite stock.

CNBC Pro subscribers can read more here.

— Zavier Ong

Nintendo stock jumps 5% ahead of game announcement live stream

Squid Game-related stock up by 10% at opening over Emmy’s hopes

Bucket Studio Co., which has a stake in a private company that represents “Squid Game” lead actor Lee Jung-jae, jumped more than 10% as the show saw a historic win in the drama series race.

The company’s shares jumped more than 20% immediately after Netflix in June posted a letter from its director, Hwang Dong-hyuk, announcing that the series would return for a second season.

Other content-related stocks CJ ENM and CJ CGV also rose more than 2.5% in the morning session, and Showbox rose 1.5%.

– Jihye Lee

CNBC Pro: Want to invest in real estate? These REITs are among analysts’ favorites

Real estate investment trusts – or REITs – are returning to the spotlight after a volatile year for many asset classes.

Analysts from Morgan Stanley and Citi highlight REITs from two sectors that they say can outperform the broader market and remain resilient in a recession.

CNBC Pro subscribers can read more here.

— Weizhen Tan

Source link

Back to top button