Advertisement
Singapore markets close in 1 hour 8 minutes

  • Straits Times Index

    3,284.12
    -9.01 (-0.27%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,266.25
    +64.98 (+0.38%)
     

  • FTSE 100

    8,077.13
    +36.75 (+0.46%)
     

  • Bitcoin USD

    63,983.01
    -2,790.38 (-4.18%)
     

  • CMC Crypto 200

    1,388.12
    +5.55 (+0.40%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,334.60
    -3.80 (-0.16%)
     

  • Crude Oil

    83.01
    +0.20 (+0.24%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,569.06
    -2.42 (-0.15%)
     

  • Jakarta Composite Index

    7,156.67
    -17.87 (-0.25%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Goldman selling $1 bn of stock in China's ICBC

AFP

Goldman Sachs is selling $1 billion worth of shares it holds in the Industrial and Commercial Bank of China (ICBC), China's largest commercial banking group, a person close to the issue told AFP Monday.

The shares were placed on the Hong Kong market Monday at HK$5.77 (US$0.74), the source said.

Goldman's stake in ICBC was some 4.9 percent in 2006, and has since been pared back. The source would not say how much an interest in ICBC the US investment bank would retain after the newest sale.