Bloomberg Daybreak Asia: APAC Markets Follow S&P Rally; CATL Debut Highlights Hong Kong Revival
Asian shares rose for the first time in four days, mirroring gains in the US that placed the S&P 500 index on the brink of a bull market. A regional stock gauge gained 0.5% after the S&P 500 index climbed for a sixth straight day. Shares in Hong Kong advanced 0.3%, with Contemporary Amperex Technology Co. Ltd. jumping 13% in its local debut. Treasuries were steady after whipsawing on Monday with the downgrading of US debt by Moody's Ratings. US equity-index futures edged down while gold dipped 0.1% as haven demand ebbed. We break down the market reaction with Rob Williams, Managing Partner and Chief Investment Strategist at Sage Advisory Services. Plus - could Hong Kong's status as a global financial hub may be entering a new phase? With major listings like CATL and Hengrui Pharmaceuticals drawing significant foreign inflows, Bloomberg Opinion columnist Shuli Ren joins to discuss how the city is offering Chinese firms a path to global capital while sidestepping geopolitical flashpoints.
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This Hedge Fund Legend Made 30% Returns for 30 Years—By Breaking the No. 1 Rule of Investing
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Stan Druckenmiller's path to becoming one of history's most successful hedge fund managers reads like a case study in unconventional career pivots. Starting as an English major who dreamed of becoming a professor, Druckenmiller didn't discover economics until his junior year—and only then because he wanted to better understand the newspaper. After cramming an economics degree into one year and abandoning a PhD program at Michigan after just a semester and a half, Druckenmiller founded Duquesne Capital in 1981 at age 28 with a modest $900,000 in capital. What happened next defies every textbook on investment management. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. 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