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16:32
Emerging markets ETFs listed in the US experience outflows for the third consecutive week
Glonghui, June 9 — Last week, investors pulled money out of US-listed exchange-traded funds (ETFs) investing in emerging market stocks and bonds for the third consecutive week, though the pace of withdrawals slowed. By market, Brazil saw the largest outflows, while South Korea returned to net inflows. For the week ending June 5, the total outflow from US-listed emerging market ETFs investing in multiple developing countries as well as specific countries amounted to $460.4 million, compared with $1.45 billion in outflows the previous week. Year-to-date, total inflows stand at $40.8 billion. By market, Brazil recorded the largest outflows of $303 million. South Korea saw the largest inflows at $85.6 million.
16:23
SpaceX IPO reportedly sees significant oversubscription
Golden Ten Data reported on June 9 that, according to foreign media, sources say SpaceX's initial public offering (IPO) has been heavily oversubscribed, as market demand for this potentially record-setting listing intensifies. According to insiders, the lead underwriters for this offering are expected to stop accepting subscription applications from institutional investors after 4 p.m. New York time on Wednesday. Closing the book will allow banks time to assess demand and provide pricing advice to the company. SpaceX's IPO is expected to be priced on June 11 and begin trading the following day. The company will issue 555.6 million shares at a price of $135 per share, planning to raise about $75 billion, with a company valuation of approximately $1.8 trillion. After Wednesday's deadline, retail investors can still submit subscription orders for SpaceX shares on some platforms. Previous reports stated that up to 30% of the shares offered this time will be allocated to retail investors.
16:11
Sui: Confidential transfers are now open for public testing on Sui Devnet
Odaily reports that Sui announced on X that confidential transfers are now open for public testing on the Sui Devnet. Transfer amounts and balances will remain private, with controllable visibility available for compliance and audit purposes.
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