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HKG:00001 News 1 February 2026

BlackRock stock braces for Monday as Panama court clouds $23 billion ports sale

BlackRock stock braces for Monday as Panama court clouds $23 billion ports sale

New York, Feb 1, 2026, 17:10 EST — Market closed BlackRock shares face a fresh geopolitical hurdle on Monday after Panama’s Supreme Court invalidated crucial port contracts held by a CK Hutchison Holdings unit. This move throws a wrench into the $23 billion deal to sell dozens of ports to a group led by BlackRock and Mediterranean Shipping Company. The…

Stock Market Today

  • Australian Shares Dip as Gold and Silver Plunge Hits Miners
    February 1, 2026, 8:54 PM EST. Australian shares fell on Monday, dragged down by miner stocks after historic plunges in gold and silver prices. The S&P/ASX 200 lost 0.52%, or 42.8 points, to 8,823.1 by midday, mirroring a weak Wall Street close. Gold dropped 10%, its largest one-day fall since the 1920s, while silver plunged over 20%, marking its worst day ever. This sell-off followed U.S. President Trump's nomination of a hawkish Federal Reserve chair, triggering broad market de-leveraging. Miners tumbled with the materials sector down 2.5%, led by Northern Star, Newmont, and other gold groups each losing around 6% or more. Iron ore producers BHP, Rio Tinto, and Fortescue showed mixed performance, while financials edged up slightly. Energy stocks declined alongside falling oil prices amid Iran-U.S. talks. GrainCorp shares dropped sharply after cutting earnings guidance.
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