rose by 0.41 percent to 12,599.63 points.
Meanwhile, the acquisition of Twitter further in limbo. Elon Musk has now accused the group of breaching the conditions for the billion-dollar takeover of the short message service.
In an open letter from Musk’s lawyers, it was said that Twitter refuses to hear from the Tesla founder provide requested data on spam and fake user accounts on the platform. According to the terms of the takeover deal, however, Twitter is obliged to provide data and information that Musk requests in relation to the transaction. Contrary to what is shown by Twitter, this obligation to provide information does not only apply to very limited purposes. According to the information, Musk also reserves the right to call off the takeover project. However, investors have long doubted that the deal will go through. Twitter shares ended up down 1.5 percent.
US-traded shares of Chinese ridesharing company Didi jumped nearly a quarter after a press report about possible lifting of business restrictions in China. The Wall Street Journal reported that Chinese supervisors could complete the review of Didi and end the ban on adding new users. The ban has been in place since investigations into data security and national security began last July and led to a massive forfeiture of papers.
Shares in Chinese tech companies listed in New York also benefited overall from hopes of less strict regulation in their home country. So sat Pinduoduo topped the Nasdaq 100 with gains of 5.6 and 6.5 percent, respectively. The investors of the trading platform Alibaba were pleased with an increase of a good 6 percent.
Amazon shares increased by around two percent. In the case of the papers of the online trading group, the decided share split at a ratio of 20:1 came into force. This means that one share has now turned into twenty and the price looks lower as a result.
The Euro was $1.0696 at the close on Wall Street. The European Central Bank had set the reference rate at 1.0726 (Friday: 1.0730) dollars. The dollar thus cost 0.9323 (0.9320) euros.
US government bonds suffered from the sustained rise in interest rates. The futures contract for ten-year Treasuries (T-Note Future) recently lost 0.51 percent to 118.44 points. The yield on ten-year government bonds rose to 3.04 percent./la/he
— By Lutz Alexander, dpa-AFX —
Source: dpa-AFX
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