The Asia-Pacific markets witnessed a significant plunge on Wednesday, with Japan’s Nikkei 225 leading the losses by dropping 3.19%. This was accompanied by a 2.79% decline in the broad-based Topix index. The downfall was attributed to the sell-off in U.S. tech stocks and concerns sparked by weak U.S. economic data. Semiconductor-related stocks bore the brunt
World
China’s housing market continues to face challenges as government stimulus measures have failed to provide the necessary support. Despite efforts to stabilize the sector, home prices are showing no signs of recovery. According to Haibin Zhu, chief China economist at JPMorgan, the housing market crash is far from over, with no expectation of stabilization until
The Asia-Pacific markets experienced a mixed day on Monday as investors digested China’s business activity numbers released over the weekend. China’s official purchasing managers’ index data for August showed a decline in the manufacturing PMI to a six-month low of 49.1, indicating a faster contraction compared to the previous month. This missed the forecast from
Japan has recently lodged a protest with China after one of its naval survey vessels trespassed into Japanese waters. This incident marks the second time in less than a week that the Chinese military has encroached upon Japanese territory. In light of increased Chinese military activity near Japan and Taiwan, concerns in Tokyo have been
Historically, September has proven to be a challenging month for Apple in terms of stock performance. Over the past 10 years, Apple shares have experienced an average loss of 3.5% during the month of September. This decline comes after solid gains in July (6.5%) and August (4.8%). Despite gaining 3.1% in August of this year
Alibaba, the Chinese tech giant, has successfully completed a three-year regulatory “rectification” process following an antitrust fine it received in 2021. This process was supervised by China’s State Administration for Market Regulation (SAMR), with a focus on ensuring compliance with antitrust regulations. The SAMR has stated that the rectification work has produced “good results,” indicating
Following a disastrous earnings report that led to a drastic drop in Intel’s stock price, CEO Pat Gelsinger acknowledged the difficult position the company is in. The stock price plummeted 26%, marking the worst day on Wall Street in over 50 years. With shares down 59% this year, Intel is facing significant challenges in the
There has been a swift rebound in market confidence following a significant global sell-off in risky assets, which is causing unease among experts. Christian Mueller-Glissmann, the head of asset allocation research at Goldman Sachs, expressed his concerns during an interview on CNBC’s “Squawk Box Europe.” He likened the dip in early August to a warning
A new era of artificial intelligence has brought about a surge in demand for more powerful processors and the necessity for energy-efficient data center cooling solutions. Sustainable Metal Cloud, a data center company, has seized this opportunity by introducing “sustainable AI factories” equipped with HyperCubes in Singapore and Australia. These HyperCubes are a breakthrough innovation
The Dow Jones Industrial Average recently hit a new high before retracting slightly, reflecting the ongoing volatility in the market. Despite an initial surge, the index eventually dipped by 0.1%, while the S&P 500 and Nasdaq Composite also experienced declines. Notably, there has been a noticeable shift away from tech stocks, with investors reallocating their