Nvidia is now worth more than the entire German stock market
Nvidia’s market cap stood at just over $4 trillion, nearly $1 trillion higher than the Bloomberg Germany Exchange tracker, which clocks in at around $3.1 trillion.
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SINGAPORE: Despite its initial public offering (IPO) being oversubscribed, market reaction to a data centre-focused real estate investment trust (REIT) that was billed as the largest to debut on the Singapore bourse since 2017 was muted on the first day of trade.
The NTT DC REIT, which started trading on the Singapore Exchange (SGX) at 2pm on Monday (Jul 14), opened at US$1.02, above its offer price of US$1. During the afternoon, the REIT's share price rose as high as US$1.03, before closing at US$1.
The yuan is sliding. Onshore rates hit a 16-month low against the dollar last week. Offshore yuan has been on a steady decline since September. The widening gap between Chinese and U.S. bond yields is triggering capital outflows.