Chinese real-estate company, Nam Tai Property Inc. (NTP), is down 7% on no particular corporate-related news by the company. The company announced earlier this week announced a poison pill strategy to prevent any person from surreptitiously obtaining control of the company or from obtaining control without providing an acceptable premium to all shareholders. The plan is in relation to the shareholder revolt on the first week of this month which resulted in the ejection of six Kaisa-appointed directors and replaced them with IsZo Capital executives. In the past 30-days, the stock has dropped 53%. The stock is currently trading at $10.84, down $0.88 or 7.51% since the previous close at $11.72. The stock opened at $11.95 in the morning. In the 52-week period, the shares have ranged between $4.70 and $37.88.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.