By WSJ Staff
Coinbase $(COIN)$; MicroStrategy $(MSTR)$: The trading platform and the bitcoin-buying vehicle were among crypto-sensitive stocks climbing in premarket trading. On Sunday, President Trump revived cryptocurrency prices after naming tokens that a proposed strategic reserve would hold.
Capri $(CPRI)$: The luxury-fashion conglomerate is moving closer to selling Versace to Prada (HK:1913) after agreeing a price of nearly $1.6 billion, Bloomberg reported. Capri shares jumped 9.5% premarket; Prada rose 3.5% in Hong Kong.
BAE (UK:BA); Leonardo (IT:LDO); Rheinmetall (XE:RHM); Rolls-Royce (UK:RR); Thales (FR:HO): European defense stocks surged after the region's leaders talked up their plans to spend more on arms over the weekend, as part of their push for a peace deal in Ukraine.
Shell (UK:SHEL), $(SHEL)$: The oil producer is exploring a potential sale of its chemicals assets in Europe and the U.S., part of a drive to focus on its most profitable operations.
Mixue (HK:2097): The Chinese fast-food company, whose Mixue Ice Cream and Tea chain has 45,000 locations, raised more than $400 million in an initial public offering in Hong Kong. Shares soared 43%, giving Mixue a valuation of more than $10 billion.
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(END) Dow Jones Newswires
March 03, 2025 05:16 ET (10:16 GMT)
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