Market's Top Gainers/Losers This Week
IFC Markets | Mar 29, 2018 08:06AM ET
1. China Unicom Hong Kong Ltd (NYSE:CHU) – Chinese telecom giant announced a 177% increase in net profit for 2017.
2. Independence Group NL (AX:IGO) – stock prices of the Australian producer of gold and non-ferrous metals increased amid a positive assessment of its business by Goldman Sachs (NYSE:GS) Bank.
1. Twitter Inc (NYSE:TWTR) – stock prices of this social network dropped amid the investigation of personal information leak from Facebook (NASDAQ:FB). An additional negative was the decrease in recommendations on Twitter stocks by a large investment company Citron Research.
2. Tesla Motors (NASDAQ:TSLA) – shares of this company continue to fall amid the reports by the US authorities on the start of the fatal crash investigation of the Model X car in California.
1. EUR/AUD - growth of the currency pair is due to the weakening of the Australian dollar against the background of a decline in world copper and iron ore prices.
2. USD/NOK – emerging strengthening of the US dollar with the simultaneous weakening of the Norwegian krone amid the correction of oil prices.
1. AUD/USD, AUD/JPY - weakening of the Australian dollar against the yen and other world currencies amid the decrease in copper and iron ore prices. An additional negative factor may be the US decision to restrict steel and aluminum imports. This may worsen the state of the Australian economy.
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