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Shares in major Adani investor GQG plunge
Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
UBS also cut its target price on the firm from AU$3.30 to AU$2.30, and this marks the Swiss bank's first ever downgrade of the stock since its listing.
Shares in major Adani investor GQG plunge after analyst note on outflows
By Scott Murdoch SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives.
GQG shares tank on UBS downgrade
Shares in GQG Partners dived on the ASX after UBS downgraded its rating on the fund manager due to a slowdown in flow momentum.
The Telegraph
5h
Adani scandal fallout: Rajiv Jain’s GQG Partners faces client exodus over huge investment bet
UBS
estimated there had been a further large outflow of client funds totalling hundreds of millions of dollars from the ...
2d
UBS capital requirements should be proportionate, minister says
Capital requirements set for UBS under new banking regulations should be "proportionate", as Switzerland attempts to strike a ...
2d
Asia-Pacific markets edge higher as investors eye key economic data from the region
Asia-Pacific markets traded slightly higher on Monday, kicking off a data-packed week with investors closely watching ...
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