Recent data from the National Bureau of Statistics revealed a 4.3% year-on-year increase in China’s industrial profits during the January to April period. This positive growth has had a significant impact on the overall performance of the Asia-Pacific markets. Mainland China’s CSI 300 index saw a 0.21% increase, while Hong Kong’s Hang Seng index rose
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Tuya, a U.S.-listed Chinese company with a significant international revenue stream, is poised for strong growth, according to analysts at Morgan Stanley. Despite experiencing a decline in its stock price, the company’s quarterly results and revenue guidance have instilled confidence in its potential for the future. With more than 80% of its revenue generated outside
China recently wrapped up a two-day set of war games around Taiwan, which involved simulated attacks with bombers and training for boarding ships. Taiwan swiftly condemned these drills as a “blatant provocation,” citing the significant increase in Chinese warplanes and warships in the region. This move has escalated tensions between the two territories. The exercises,
X CEO Linda Yaccarino recently made headlines by accusing Australia of overreach in a dispute regarding online content censorship. Yaccarino claimed that Australia’s actions put its citizens at risk and compromised their access to information. While Yaccarino’s stance is bold, it is important to critically evaluate the validity of her accusations. In the legal battle
Nvidia, the popular chipmaker, experienced a monumental moment as its shares surpassed $1,000 for the first time in extended trading. This achievement came hot on the heels of the company’s fiscal first-quarter results, which exceeded analyst expectations. The market has been closely monitoring Nvidia’s earnings reports as a barometer for the strength of the current
Federal Reserve officials are facing a puzzling situation regarding inflation in the United States, as highlighted by Julian Howard, lead investment director at GAM. According to Howard, it seems like the Fed officials are clueless about the inflation scenario in the country. Despite calls for patience in considering interest rate cuts, policymakers are struggling to
The Asia-Pacific markets saw a mixed day on Tuesday, primarily influenced by the performance of tech stocks in the U.S. Nvidia, a leading semiconductor company, received a boost after several bullish analyst calls emphasizing its strong market position. This led to a more than 2% increase in Nvidia’s shares and raised price targets from Wall
As Asia-Pacific markets mostly rose on Monday, investors are eagerly awaiting economic data from across the region this week. China has decided to keep its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively. This decision came after China implemented measures to boost its property market, especially since the five-year LPR is
The recent crash landing of a helicopter carrying Iranian President Ebrahim Raisi has raised concerns about the safety of the passengers on board. With harsh weather conditions and heavy fog in the area, rescue efforts have been hindered, making it difficult for at least 40 teams to reach the crash site. Despite the deployment of
In a shocking turn of events, Benny Gantz, a centrist member of Israel’s War Cabinet, has threatened to resign from the government if a new plan for the war in Gaza is not adopted within three weeks’ time. This ultimatum puts Prime Minister Benjamin Netanyahu in a delicate position, potentially leaving him more reliant on