The main declines corresponded to the Asian giant Alibaba (-5.6%), Vista Oil & Gas (-5.3%), Mercado Libre (-4.3%), Tesla (-4.5%), and the mining company Vale (-4.5%). -4.5%).
Analyst Vincent Martin at Investing argued that Alibaba shares “in less than 17 months, have lost an unbelievable more than three-quarters of their value.” The cause would be, according to his vision: “Because US investors have been spooked by regulatory moves, both at home and in China.”
For its part, Apple, Meta, Microsoft, Alphabet, Paypal fell in sync with the Nasdaq Wall Street tech index. According to traders, “expectations of faster interest rate hikes made high-growth stocks less attractive.” These companies yielded between 1.3% and 3.7%.
At the same time, uploads were led by Twitter (+1.7%). Pfizer (+0.7%) and Walmart (+0.07%) became the only two papers that rose among the 24 most traded Cedears.
As for the Cedears ETF, all nine fell. The biggest declines were for the innovation ARKK with 5.8% and the MSCI Brazil with 3.5%.
The increase in the shares of Twitter Inc. comes as the company said in a regulatory filing on Tuesday that it signed a deal with Elon Musk on Monday that will give the billionaire a seat on its board of directors, with the term expiring in its 2024 annual meeting of shareholders.
Musk, who has 80 million followers on Twitter, bought 73.5 million shares, worth about $3 billion. The businessman tweeted today that he wants to make “significant improvements to Twitter in the coming months.”
Source: Ambito
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