(RTTNews) - The Australian stock market is maintaining its early sharp gains in mid-market moves on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level, following the broadly positive cues from Wall Street overnight,
(RTTNews) - The Australian stock market is maintaining its early sharp gains in mid-market moves on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level, following the broadly positive cues from Wall Street overnight,
jamesbenet/E+ via Getty Images The stock market saw its ups and downs in the first year of Trump 2.0, but some areas of the market went parabolic . Stocks related to quantum computing, robotics, crypto, space, rare earths, small modular reactors, and more saw triple and even quadruple-digit percentage gains in the span of months at various points between November 2024 and October 2025. In the last...
jamesbenet/E+ via Getty Images The stock market saw its ups and downs in the first year of Trump 2.0, but some areas of the market went parabolic . Stocks related to quantum computing, robotics, crypto, space, rare earths, small modular reactors, and more saw triple and even quadruple-digit percentage gains in the span of months at various points between November 2024 and October 2025. In the last five months, the fun has ended for the former high fliers, with most of them down at least 50% from their highs. The peak for the high fliers came on 10/15/25, about two weeks before the Nasdaq 100 made its last all-time high. Below, we break down the carnage. In the Russell 3000, which includes more than 98% of publicly traded market cap in the US, there were 190 stocks that at least doubled from Election Day 2024 through October 15th, 2025. These 190 stocks are currently down an average of 44.5% from 52-week highs. 85 stocks gained more than 200% over the same period, and they're down an average of 53.7%. Narrowing down the list even more, there were 20 stocks up 500%+ that are down 64% from 52-week highs, and the 9 stocks that were up 1,000%+ have been cut an average of two-thirds. Below is a list of the stocks that gained the most from Election Day 2024 through 10/15/25, along with how much they're currently down from 52-week highs. Remember the quantum computing stocks like Rigetti ( RGTI ) and D-Wave ( QBTS ) that were up more than 4,000% at their highs? They've both fallen more than 70%. Or how about Microvast ( MVST ), the EV battery play that surged over 3,100% only to crater 80% from its peak? Even Chaince Digital ( CD ), the crypto/blockchain name that exploded 1,125%, has since lost nearly 89% from its high, making it one of the biggest peak-to-trough collapses on the entire list. The theme here is painfully consistent. Nearly every name that went parabolic post-election has given back a huge chunk. Nuclear power play Oklo ( OKLO ) gained 733% but is off 76%. B...
Aditya Birla Global Trading is expanding its iron ore trading team in Singapore, adding two hires to its growing steelmaking materials desk. The commodities trading firm, part of the multi-billion-dollar Aditya Birla Group , has recruited Vivian Li and Catherine Jiang for its Asia iron ore desk, according to people familiar with the matter. The team is led by Ning Xia, who joined the company late ...
Aditya Birla Global Trading is expanding its iron ore trading team in Singapore, adding two hires to its growing steelmaking materials desk. The commodities trading firm, part of the multi-billion-dollar Aditya Birla Group , has recruited Vivian Li and Catherine Jiang for its Asia iron ore desk, according to people familiar with the matter. The team is led by Ning Xia, who joined the company late last year as its head of iron ore from Vale SA , where he spent seven years, according to his LinkedIn profile. ABGT, Li and Jiang didn’t respond to a request for comment via email and messages. Li previously worked at Fomento Associated Singapore Holdings Pte. Ltd. as a physical trader and will be head of sales based in Shanghai, one of the people said. Jiang joined from Baohua Steel International Pte. Ltd. and will be the deputy general manager at ABGT in Singapore, according to her LinkedIn.
A rescue mission involving volunteer helicopter crew and public donations ended in joy after Molly was located and brought home A spot of furry black and white appears among the jagged rocks of New Zealand’s alpine backcountry. It is Molly the border collie, sitting near the foot of a waterfall where she had been separated from her owner one week earlier. Molly was rescued on Tuesday after an aval...
A rescue mission involving volunteer helicopter crew and public donations ended in joy after Molly was located and brought home A spot of furry black and white appears among the jagged rocks of New Zealand’s alpine backcountry. It is Molly the border collie, sitting near the foot of a waterfall where she had been separated from her owner one week earlier. Molly was rescued on Tuesday after an avalanche of donations from the public funded a volunteer team made up of former helicopter pilots and crew to mount a search in the wilderness. Continue reading...
Balyasny Asset Management ’s Asia-Pacific Chief Operating Officer Eddie Lo is leaving the $33 billion hedge-fund firm after less than two years at the company, according to people with knowledge of the matter. Lo joined Dmitry Balyasny ’s eponymous Chicago-based firm in mid-2024 and was previously a regional treasurer for Ken Griffin ’s now $69 billion Citadel hedge fund business. Separately, Tom ...
Balyasny Asset Management ’s Asia-Pacific Chief Operating Officer Eddie Lo is leaving the $33 billion hedge-fund firm after less than two years at the company, according to people with knowledge of the matter. Lo joined Dmitry Balyasny ’s eponymous Chicago-based firm in mid-2024 and was previously a regional treasurer for Ken Griffin ’s now $69 billion Citadel hedge fund business. Separately, Tom Chen , regional head of equity finance, is also departing after joining the company in 2022. Both men are leaving to pursue other opportunities, said two of the people, who asked not to be identified discussing private information. A Balyasny spokesman and Chen declined to comment. Lo did not answer phone calls or reply to a social media message seeking comment. Balyasny Asia Revenue Jumps 82% to Record During Expansion Drive Balyasny Hires Citadel Treasurer for Hedge Fund’s Asia Expansion Hedge Fund’s $30 Million Pay Shows Race for Japan Rates Traders Having arrived in Asia nearly 20 years ago, Balyasny’s regional business saw rapid growth in recent years. Revenue in Asia rose 82% in 2025 from a year earlier, Kevin Byrne , its New York-based chief operating officer, said in an interview earlier this year. Assets overseen by Balyasny have grown by 57% since late 2023, after it recovered from a period of subdued returns, investor redemptions and staff cuts. Last year, it returned 17%, ahead of Citadel and Millennium Management. The US-Israel war against Iran has led to widespread losses at hedge funds last month, as turmoil hit markets ranging from oil to interest rates, eroding gains made earlier this year.
Emerging-market assets rallied after signals from the US and Iran pointed to a de-escalation in tensions. The MSCI EM Index jumped more than 3% while a similar gauge of EM currencies gained 0.7% — both on track for their first increase in five days. Sentiment was buoyed by comments from US President Donald Trump and the Iranian authorities signaling a willingness to ease hostilities. The risk-on m...
Emerging-market assets rallied after signals from the US and Iran pointed to a de-escalation in tensions. The MSCI EM Index jumped more than 3% while a similar gauge of EM currencies gained 0.7% — both on track for their first increase in five days. Sentiment was buoyed by comments from US President Donald Trump and the Iranian authorities signaling a willingness to ease hostilities. The risk-on mood and “recovery in Asian currencies” have materialized despite elevated oil prices, Michael Wan of MUFG wrote in a note. “We remain cautious in positioning, as we remain quite skeptical that a pathway to a durable peace deal can be reached.” Markets turned optimistic after Trump said he expected the US to end the war with Iran within two to three weeks . Earlier, Iranian state media reported that President Masoud Pezeshkian said the country is ready to end the war, while reiterating Tehran’s demands. Still, Brent crude edged higher as traders weighed the impact of ongoing disruptions in the Strait of Hormuz. Most major Asian currencies were up versus dollar on the day, with the Bloomberg Asia Dollar index rising 0.4% to 91.49. “Once tensions in the Middle East begin to moderate, the dollar will resume its broader downward trajectory,” said Rajeev de Mello , global macro portfolio manager at Gama Asset Management . “We look to rebuild our EM FX exposure once conditions move closer to resolution.”