ASX-listed shares of Jack Dorsey-led Block Inc plunged nearly 16% on Friday after Hindenburg Research alleged that the payments firm overstated its user numbers and understated its customer acquisition costs.
Fashion brands and airlines are creeping back into investors' good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.
Reckitt Benckiser Group beat analysts' estimates for third-quarter sales on Tuesday, benefiting from increased sales of cold and flu remedies and price hikes, prompting it to raise its full-year forecast. The Lysol cleaning products maker reported a surprise 3.3% rise in.
Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows.
Indian shares slipped on Wednesday, dragged by metal stocks as China's pledge to contain coal prices eased supply worries, while investors eyed corporate commentaries in the earnings season after Hindustan Unilever warned of margin impact.