The Asia-Pacific markets were mixed on Monday as investors digested the latest China business activity numbers released over the weekend. China’s official purchasing managers’ index data for August showed a mixed bag, with the manufacturing PMI falling to a six-month low of 49.1, indicating a faster contraction compared to July. This figure missed the median
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Japan recently lodged a protest with China following another incursion into its territorial waters by a Chinese naval survey vessel. This incident marked the second time in less than a week that the Chinese military had entered Japanese waters. The increase in Chinese military activity near Japan and around Taiwan has heightened concerns in Tokyo.
In the past, September has been a challenging month for Apple in terms of stock performance. On average, Apple shares have experienced a 3.5% loss during this month over the past decade. This is in stark contrast to the gains seen in July and August, which averaged 6.5% and 4.8%, respectively. The upcoming product announcements
Alibaba has recently completed a three-year regulatory “rectification” process after facing an antitrust fine in 2021 due to monopolistic practices. This process was overseen by China’s State Administration for Market Regulation (SAMR), which stated that Alibaba has made good progress in becoming compliant with antitrust regulations. Following the announcement of Alibaba’s completion of the regulatory
Intel CEO Pat Gelsinger recently admitted that the company has faced significant challenges in light of poor financial performance and investor concerns. Following a disastrous quarterly earnings report, Intel’s stock price plummeted 26%, marking the worst day on Wall Street for the company in over 50 years. The stock is currently down 59% for the
The head of asset allocation research at Goldman Sachs, Christian Mueller-Glissmann, recently expressed concern about the rapid return of market confidence following a significant global sell-off in risky assets. In a discussion with CNBC’s “Squawk Box Europe,” Mueller-Glissmann likened the early August stocks slump to a warning shot, highlighting the dangers of complacency in the
The artificial intelligence boom is driving a surge in demand for more powerful processors and increased energy consumption to keep data centers cool. Sustainable Metal Cloud, a data center company, has seized this opportunity by establishing “sustainable AI factories” in Singapore and Australia. These factories are made up of HyperCubes that host servers equipped with
The stock market has been on a wild ride recently, with the Dow Jones Industrial Average hitting record highs only to pull back shortly after. Investors are grappling with the aftermath of a significant sell-off that occurred earlier in the month. This rollercoaster pattern has left many feeling uncertain about the future direction of the
The recent quarterly reports from major Chinese companies reveal that the local stock market requires a discerning eye for stock pickers. According to Lorraine Tan, director of Asia equity research at Morningstar, there has been a unique outperformance in certain companies. The overall trend shows weakness influenced by macroeconomic factors, with cautious guidance being issued.
The recent knife attack in the German city of Solingen, which resulted in the tragic deaths of three people and injuries to eight others, has been claimed by the Islamic State group. The group labeled the perpetrator as a “soldier of the Islamic State” and cited revenge for Muslims in Palestine and beyond as the