Bloomberg

Vanguard Scraps China Mutual Fund Plan And Pivots to Ant Tie-Up

(Bloomberg) — For years, global money managers have been clamoring for a chance to run their own businesses in China, unshackled from local partners to gain a bigger slice of the $13 trillion investment market. Vanguard Group Inc. is going the other way.In a surprise about face, the U.S. giant dropped its bid to set up a wholly-owned mutual fund company in China, scrapping months of planning for what a former executive said could be a $5 trillion business one day.Instead, the firm said Tuesday it will focus

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In the latest trading session, Amkor Technology (AMKR) closed at $12.31, marking a +1.23{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} move from the previous day. This change outpaced the S&P 500’s 0.84{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} gain on the day. Elsewhere, the Dow gained 0.03{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}, while the tech-heavy Nasdaq added 2.51{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}.

Heading into today, shares of the chip packaging and test services provider had gained 0.66{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} over the past month, lagging the Computer and Technology sector’s gain of 5.23{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} and the S&P 500’s gain of 3.73{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} in that time.

Wall Street will be looking for positivity from AMKR as it approaches its next earnings report date. This is expected to

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In the latest trading session, Amkor Technology (AMKR) closed at $11.96, marking a -1.89{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} move from the previous day. This change lagged the S&P 500’s daily loss of 0.94{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}. At the same time, the Dow added 0.04{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}, and the tech-heavy Nasdaq lost 2.13{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}.

Coming into today, shares of the chip packaging and test services provider had gained 9.72{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} in the past month. In that same time, the Computer and Technology sector gained 5.46{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}, while the S&P 500 gained 0.02{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}.

Investors will be hoping for strength from AMKR as it approaches its next earnings release. In that report, analysts expect AMKR

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