Japan’s Retail Traders Add to Yen Shorts as Currency Rallies

Six companies launch share sales Wednesday, the most on a single day in at least three decades.

Industrial metals retreated as escalating hostilities in the Middle East underscored lingering headwinds, after a key gauge of prices on the London Metal Exchange surged to an all-time high.

Wall Street strategists are divided over whether the yen’s latest rally can last, even as the Bank of Japan leans toward raising its benchmark rate by a quarter point this month in response to mounting price pressures.

The founding family behind China’s biggest chain of hotpot restaurants sought to sell up to $353 million shares, sending the firm’s shares down as much as 12%, the lowest level since March 2022.

India is ramping up scrutiny of Wall Street traders with the nation’s securities regulator turning more aggressive in targeting even prominent foreign players like JPMorgan Chase amp; Co. in its $5 trillion stock market.

New investment round triggers rush of vehicles with escalating fees and five-year lock-ups