. The Russell 2000 is looking a little scrappy

The Russell 2000 is looking a little scrappy

05 Oct 2022

Russell 2000 rose by 3.41% to 17,75.45 on Wednesday 5 October.

KT EPS was 0.51 on revenue of 4.82B, anticipated EPS of 0.5581on revenue of 4.82B, KT shares are up 13.84% from the start of the year and now trading at 14.31 down from a 52-week-high.

The hang Seng Index in Hong Kong was up by 5.90%, Hang Seng tech index slumped by 3.78%. South Korea’s Kospi was down by 2.41% and the Kosdaq tumbled by 2.14%.

The people’s bank of China cut 14-day reverse repo rate, later this week the bank of China and the federal reserve will be announcing their interest rate

Alibaba Group Holding tumbled 3.4% to HK$83.85, while Tencent Holdings slumped by 0.9% to HK$290.60, today’s losers were Wu Xi Biologics, which slumped 5.1% to Hk$49.20, and country garden which rebound 5% to Hong Kong $2.30.