Today: 5 July 2026

ICBC A-shares dip into weekend as China PMI turns red — what traders watch next week

ICBC A-shares dip into weekend as China PMI turns red — what traders watch next week

SHANGHAI, Feb 1, 2026, 00:24 GMT+8 — Market closed Industrial and Commercial Bank of China Ltd’s Shanghai-listed Class A shares ended lower on Friday, with China’s weaker factory survey now setting up the next session. The stock closed at 7.25 yuan, down 0.14%, according to Shanghai Stock Exchange data.
31 January 2026
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Ripple reaffirms XRP is still core — yet the token can’t get back above $1.90

Ripple reaffirms XRP is still core — yet the token can’t get back above $1.90

San Francisco, 08:28 PST, Jan 31, 2026 Ripple executives doubled down on their support for XRP and the XRP Ledger on Saturday, even as the token lingered below $1.90 and derivatives traders kept pulling back. According to TradingView, XRP sat roughly 25% below its 200-day moving average, a key benchmark for long-term trends. At the same time, open interest—reflecting outstanding leveraged positions—dropped below $2 billion.
31 January 2026
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GameStop Stock Pops After Ryan Cohen Teases “Very, Very, Very Big” Consumer Buyout

GameStop Stock Pops After Ryan Cohen Teases “Very, Very, Very Big” Consumer Buyout

GameStop CEO Ryan Cohen revealed the company is targeting a “very, very, very big” acquisition of a publicly traded consumer firm, one far larger than GameStop itself. He described the deal as “transformational” during an interview with CNBC. Cohen emphasized he’s after an undervalued company with a “sleepy management team,” though he didn’t drop any names. Shares of GameStop jumped 4.78% on Friday, closing at $23.88, according to Yahoo Finance. Cohen’s remarks arrive as he attempts to reposition GameStop as a Berkshire Hathaway-style holding company, anchored by a massive cash reserve. He told The Wall Street Journal this move could be “genius or totally, totally foolish,” according to Investing.com. The report noted that GameStop holds about $9 billion in cash, and Cohen called Michael Burry “one of the few investors I respect.”
31 January 2026
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Alibaba stock price: What to watch after BABA slips 2.7% as AI-chip questions hang over China tech

Alibaba stock price: What to watch after BABA slips 2.7% as AI-chip questions hang over China tech

New York, Jan 31, 2026, 11:08 — Market closed. Alibaba Group Holding Ltd.’s U.S.-listed shares dropped 2.7% on Friday, closing at $169.56. The Nasdaq slipped 0.9%, while trading volume for Alibaba remained below its 50-day average. The ADRs now stand roughly 12% below their 52-week high from Oct. 2, highlighting just how fast sentiment can shift in China tech stocks.
31 January 2026
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Stock Market Today

  • Kamigumi (TSE:9364) Unveils ¥15B Buyback After Rough Quarter, P/E Still High
    July 5, 2026, 12:22 AM EDT. Kamigumi (TSE:9364) signed off on a share buyback worth up to ¥15 billion, or 4.25% of shares, following uneven trading. Shares are up 9.42% for the past week but down 5.03% over 90 days. The stock trades at a P/E of 16.5x, above the sector and the estimated fair P/E of 13x. That leaves Kamigumi possibly overvalued. Earnings grew 8.8% a year for five years, though consensus sees them slipping a bit over the next three years. A DCF model now values the stock just 1.9% over its buy price, showing only a small premium. Investors need to weigh if the buyback is enough, given the price and an uncertain outlook for earnings.
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