The Asian markets, particularly Japan’s Nikkei 225, saw a significant plunge on Wednesday following the sell-off of U.S. tech stocks and weaker than expected U.S. economic data. The Nikkei 225 was down 3.19%, leading the losses in Asia, while the broader Topix also took a hit, dropping by 2.79%. Semiconductor-related stocks like Renesas Electronics, Tokyo
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The housing market in China has been facing ongoing challenges, despite various attempts by the government to provide stimulus and support. JPMorgan economist, Haibin Zhu, has highlighted the fact that these measures have not been successful in bolstering the sector. In fact, he predicts that the housing market crash is far from over and that
The official purchasing managers’ index data for August in China revealed a mixed bag of results. While the manufacturing PMI fell to a six-month low of 49.1, indicating a faster contraction compared to the previous month, the non-manufacturing PMI climbed to 50.3, showing improvement. The manufacturing data missed economists’ forecasts and marked the fourth consecutive
Japan recently lodged a protest with China after a Chinese naval survey vessel entered Japanese waters, marking the second incursion by the Chinese military within a week. This incident has further heightened tensions between the two countries due to an uptick in Chinese military activity near Japan and around Taiwan. Tokyo has been increasingly concerned
As September approaches, investors are getting ready for Apple’s announcement of new iPhone and Apple Watch models. While excitement typically builds up ahead of these product launches, history indicates that September tends to be a challenging month for Apple’s stock. Over the past 10 years, Apple shares have averaged a loss of 3.5% in September,
Alibaba has successfully completed a rigorous three-year regulatory “rectification” process after facing an antitrust fine in 2021. China’s State Administration for Market Regulation (SAMR) announced that Alibaba has made significant progress in becoming compliant with antitrust regulations. The supervisory work has yielded positive outcomes, paving the way for Alibaba to rectify its past practices. In
Intel CEO, Pat Gelsinger, opened up about the recent struggles faced by the chipmaker following a disastrous earnings report. The company’s stock price plummeted by 26%, marking its worst day on Wall Street in over 50 years. With shares down 59% for the year, Intel has been under immense pressure as it grapples with various
The rapid resurgence of market confidence following a significant global sell-off in risky assets has raised red flags for Christian Mueller-Glissmann, the head of asset allocation research at Goldman Sachs. While the markets experienced a sharp decline at the beginning of August due to fears of a possible U.S. recession and disruptions in popular “carry
In today’s digital age, the demand for artificial intelligence (AI) is skyrocketing, leading to an increased need for powerful processors and efficient cooling systems in data centers. Sustainable Metal Cloud (SMC) is paving the way for the future with its innovative approach to data center cooling technology. By operating “sustainable AI factories” consisting of HyperCubes
The recent activity in the stock market has been nothing short of volatile, with the Dow Jones Industrial Average hitting a record high before retracting, leaving investors in a state of uncertainty. This rollercoaster ride has been characterized by sharp sell-offs, particularly in the tech sector, as traders scramble to make sense of the shifting