Xinhua summary of Asia-Pacific stocks news at 1100 GMT, June 12

Xinhua News Agency | Jun 12, 2019 at 11:06 AM

Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 0.56 percent, at 2,909.38 points.

More sources
  • Singaporean stocks close 0.06 pct lower (Xinhua News Agency: Jun 12, 2019 at 9:42 AM)
  • Indian markets close lower (Xinhua News Agency: Jun 12, 2019 at 10:33 AM)

Adidas shares slide as traders say top investor GBL to cut stake

Reuters | Jun 12, 2019 at 9:38 AM

Adidas shares fell 3% on Wednesday on news that one of the German sportswear company’s top shareholders, Groupe Bruxelles Lambert (GBL), was preparing to sell a portion of its near 4 billion euro ($4.5 billion) stake.

More sources
  • Adidas slides as traders say top investor GBL plans to sell part of stake (Reuters: Jun 12, 2019 at 8:27 AM)

The Bull Case and the Bear Case on Apple Stock

Barrons | Jun 12, 2019 at 9:15 AM

Apple stock bears see iPhone saturation, a services business that won’t pick up the slack, and shortcomings in CEO Tim Cook. Apple stock bulls see a power “ecosystem” to drive services growth.

Heated Hong Kong protests dent stocks, spike cash demand

Reuters | Jun 12, 2019 at 8:56 AM

Hong Kong’s financial markets came under pressure on Wednesday, with stocks falling and demand for cash surging, as protesters clashed with police during a mass demonstration against legislation that would allow citizens to be extradited to China.