SEEK Limited share price rebounds nearly 8% into results day as China writedown hangs over
SEEK shares jumped 7.95% to A$17.10 Monday, rebounding from an early dip ahead of half-year results due Tuesday. The company last week flagged a A$356 million post-tax impairment on its Zhaopin investment, cutting its value to A$182 million. Investors are watching for updates on Zhaopin ownership talks and SEEK’s outlook for hiring demand. About 4 million shares changed hands.