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E-mini S&P Circles Session Lows as China Sentiment Worsens

EQUITIES
  • The E-mini S&P slips further, showing below the Monday lows to touch 4375.00 as Bloomberg reports that China-based Hello has withdrawn their plans for a US IPO.
  • While the IPO would've been (relatively) small offering with a deal value estimated at around $100mln, it will not help sentiment toward US-listed ADRs for Chinese companies.
  • Hello runs a software platform which facilitates "shared two-wheeler services, a carpooling marketplace, e-scooters, and other services."
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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