$DIDI skyrocketed 46% in the US premarket as sources said that Didi global considers going private to placate #Beijing, compensate investors, and that it has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog -WSJ
The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price.
-WSJ citing sources #Didi $DIDI
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China's Politburo held a meeting to analyze the current economic situation and economic work, presided over by General Secretary Xi Jinping. #China#Economy
Iron ore futures extend loss to 5%, back to 1066 yuan per ton, the lowest since May 31.
The steel capacity limitation set by the industrial department still has negative impacts on the iron ore demand. #Iron#Ironore#steel
FTSE China A50 Index futures open 2.6% higher on Thursday morning following the 3% gain overnight.
Sources said China's authority had a hastily call with major intl banks in a bid to restore the market calm after the recent rout.