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Finance & Markets

Hitachi Construction Shares Drop After $740 Million Block Trade

Hitachi Construction Machinery Co.’s shares fell the most in almost three weeks after its major shareholder Hitachi Ltd. offloaded all holding, in the latest move by the Japanese conglomerate to divest some of its assets to focus on core businesses.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Australians sense that a property price crash is coming

Coolabah Capital’s Chris Joye published the following chart on X (Twitter) showing how dwelling values are falling at an annual rate of 12.0% across the five major capitals, led by Sydney, which is…

  • Property prices in Australia declining at 12.0% annually across major cities
  • Sydney experiencing steepest decline at 16.7% annually
  • Consumer house price expectations hit three-year low

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