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Capital Markets

Reuters | Equities.com |

China's tech stocks slumped to new lows on Friday and Hong Kong's benchmark index hit an almost 10-month trough, as an unrelenting series of Chinese regulatory crackdowns crushed investors' confidence.

More than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week as funds capitulate out of once-favoured stocks, unsure which sectors regulators will target next.


Reuters | Equities.com |

Morgan Stanley reported a more than 11% jump in quarterly profit on Thursday, as its investment banking business benefited from record levels of activity in deal making and capital markets.

The Wall Street bank said its net income applicable to common shareholders rose to $3.4 billion, or $1.85 per share, in the second quarter ended June 30 from $3.05 billion, or $1.96 per share, a year earlier.


Reuters | Equities.com |

BlackRock Inc, the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, boosting its assets under management to new highs.

BlackRock's assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier.


Reuters | Equities.com |

Private-equity firm KKR & Co Inc said on Tuesday its first-quarter after-tax distributable earnings surged 63% year-on-year, driven by growth in its capital markets business and public market holdings.

After-tax distributable earnings (DE) – the cash used for paying dividends to shareholders – rose to $660.2 million from $406.3 million in the previous year. That translated to DE per share of 75 cents, which exceeded the average Wall Street analyst estimate of 63 cents, according to financial data provider Refinitiv.