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Morgan Stanley's Wilson: The sell-off in the USA stock and bond markets may intensify, but is unlikely to reach the depths seen in 2022.
Mike Wilson from Morgan Stanley stated that due to traders' concerns about inflation and rising interest rates, the declines in the USA stock and bond markets may worsen on Wednesday; however, the drop is unlikely to reach the extreme levels seen in 2022. The chief equity strategist of the firm mentioned during an interview on Bloomberg Surveillance on Wednesday that fluctuations are expected in the first half of 2025, with improvements in the second half. Although the sell-off in the stock and bond markets might be similar to the synchronized decline of various asset classes in 2022, he expressed that he believes the situation won't be as severe. The difference between now and then lies in
APOLLO FMG has completed the issuance of 0.195 billion shares for the share exchange.
APOLLO FMG (00860) announced that all conditions contained in the subscription agreement have been fulfilled, and the delivery will be implemented on December 18, 2024, according to the terms and conditions of the subscription agreement. After the Bonds are fully converted at the initial conversion price of HK$1.54 per share, the company will issue a maximum of 0.195 billion shares, accounting for approximately 16.00% of the total issued shares after the allotment and issuance, assuming that the total issued shares remain unchanged from the date of this announcement until the date of full conversion of the Bonds.
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