ThaiBev (SGX: Y92) has entered into a share swap with TCC Assets, an entity owned by its majority shareholders to swap its shares in Frasers Property (FPL) (SGX: TQ5) for shares in Fraser and Neave Ltd F&N (SGX:F99). The share swap will see Thaibev transferring its entire 28.78% stake in FPL in exchange for an …
We are not used to seeing Big Tech stocks decline while traditional stocks rise, but that’s exactly what happened when the Nasdaq fell 2.8% while the Dow rose 0.6%. The S&P 500 also declined, down 1.3%, due to its larger exposure to Big Tech. The “Magnificent 7” dropped 3.3% as a group, with Nvidia and …