The Asia-Pacific markets experienced a significant decline on Wednesday, with Japan’s Nikkei 225 leading the plunge. The index was down 3.19%, causing losses across the region. Semiconductor related stocks such as Renesas Electronics, Tokyo Electron, and Advantest saw substantial drops, with Renesas Electronics plunging 8% and becoming the largest loser on the index. South Korea’s
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China’s housing market is facing ongoing challenges, despite numerous government support measures. JPMorgan economist Haibin Zhu has expressed concern that the housing market crash is far from over and that home prices are unlikely to stabilize until 2025 at the earliest. Recent data from China Index Academy shows that new home sales are experiencing minimal
Investors in Asia-Pacific markets were faced with mixed results on Monday as they assessed the latest business activity numbers from China. China released its official purchasing managers’ index data for August, revealing a mixed bag of results. While the manufacturing PMI fell to a six-month low of 49.1, the non-manufacturing PMI showed an improvement to
Japan has lodged a protest with China following an incident where a Chinese naval survey vessel entered Japanese waters, marking the second incursion in less than a week. These actions continue to escalate tensions between the two countries, particularly with an increase in Chinese military activity near Japan and around Taiwan in recent years. The
As September approaches, Apple investors are bracing themselves for a potentially turbulent month. Historically, September has not been kind to Apple stock, with average losses of 3.5% over the past 10 years. This is in stark contrast to the gains seen in July and August, where shares averaged 6.5% and 4.8% respectively. Despite a 3.1%
Alibaba has recently announced the completion of a three-year regulatory “rectification” process after being fined for monopolistic practices in 2021. This marks a significant milestone for the Chinese tech giant as it strives to comply with antitrust regulations and regain the trust of regulators. Regulatory Compliance The State Administration for Market Regulation (SAMR) in China
Intel CEO Pat Gelsinger recently spoke at the Deutsche Bank’s technology conference in Dana Point, California, acknowledging the challenges the company has faced in recent weeks. Following a disastrous earnings report, Intel’s stock price plummeted by 26%, marking the worst day on Wall Street for the chipmaker in over 50 years. Share prices have seen
The rapid return of market confidence following a recent global sell-off in risky assets has caused alarm for the head of asset allocation research at Goldman Sachs. Christian Mueller-Glissmann expressed his concerns in an interview with CNBC’s “Squawk Box Europe,” likening the early August stocks slump to a warning shot. The S&P 500 experienced a
The artificial intelligence boom has led to an increased demand for more powerful processors and the energy needed to keep data centers cool. Sustainable Metal Cloud, a data center company, has found an opportunity in this trend by operating “sustainable AI factories” made up of its HyperCubes in Singapore and Australia. These HyperCubes house servers
Recently, the Dow Jones Industrial Average experienced a surge to a record high, only to subsequently retreat in light of the significant sell-off earlier in the month. This rollercoaster ride was reflective of the uncertainty and volatility that has been gripping the market in recent times. The 30-stock index displayed a notable drop of 0.1%,