Grab Holdings Ltd is trading 7.3% up today at $3.54 as a broader risk-on rally and technical rebound drive shares higher.
- The stock is testing a recently identified resistance zone around $3.54 after rebounding from last week's pullback.
- Global equities are seeing a risk-on boost following de-escalation in U.S.-Iran tensions and lower oil prices, which are benefiting growth and tech-linked names.
- There is no fresh company-specific news today; the move follows last week's reports regarding regulatory scrutiny of the Foodpanda acquisition in Taiwan.