Tech sell-off creates opportunities to buy cheaper, HSBC Wealth CIO says

The sharp sell-off in tech stocks has created opportunities to buy into profitable companies at a cheaper price, the chief investment officer of HSBC’s private bank said on Tuesday.

Italian Prime Minister Giorgia Meloni visited China at the end of July to boost co-operation with the world’s second-largest economy and reset trade ties after leaving the Belt and Road infrastructure investment scheme.

Auto parts-maker Bosch , the Indian unit of German automotive supplier Robert Bosch GmbH, reported its smallest profit climb in the last five quarters on Tuesday as its inventory built up due to slow retail sales of cars.

Ola Electric’s IPO drew $1.8 billion in bids as the share sale closed on Tuesday, as investors piled into the first stock offering by a pure-play electric vehicle maker in India.

Fox Corp topped Wall Street expectations for quarterly profit and reported a rise in revenue on Tuesday, helped by steady demand for its Tubi streaming service in the United States, sending its shares up nearly 5% in early trading.

Hashicorp said on Tuesday the cloud software vendor received a notice from the UK’s Competition and Markets Authority last week saying it would begin a phase one review of the company’s merger with International Business Machines .

Tesla is performing a remote recall of 1.7 million vehicles in China with an over-the-air software update, the state market regulator said on Tuesday.

Amazon.com India’s country head Manish Tiwary has resigned after an eight-year stint and will leave the e-commerce giant in October, the company said on Tuesday.

GlobalFoundries marginally beat Wall Street expectations for second quarter revenue on Tuesday but forecast third-quarter adjusted profit below expectations, indicating a slower-than-anticipated recovery in chip demand.

German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany’s biggest corporate scandals.

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