China’s housing market continues to face challenges despite various government stimulus efforts. According to Haibin Zhu, chief China economist at JPMorgan, the sector is still in the midst of a crash that is far from over. Home prices are not expected to stabilize until at least 2025, indicating a prolonged period of uncertainty for the
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Asia-Pacific markets experienced a mix of movements on Monday as investors digested China’s latest business activity data. China’s official purchasing managers’ index for August revealed a decline in the manufacturing PMI to 49.1, signaling a faster contraction compared to the previous month. This figure missed the forecast of economists, marking the fourth consecutive month of
Japan lodged a protest with China following the violation of its territorial waters by a Chinese naval survey vessel – the second incident in less than a week. This move underscores the growing concerns in Tokyo over the increased Chinese military activity near Japan and Taiwan in recent years. Response and Defense Buildup In response
September has historically been a challenging month for Apple, with fluctuating stock prices leading up to the company’s product announcements. This pattern of ups and downs in stock performance raises questions about what we can expect this year, especially with the upcoming release of new iPhones and Apple Watch models on September 9th. Over the
Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process after being fined for monopolistic practices in 2021. The State Administration for Market Regulation (SAMR) in China stated that they have been supervising Alibaba’s efforts to become compliant with antitrust regulations over the past few years, with the process yielding positive results.
Pat Gelsinger, the CEO of Intel, recently spoke at a technology conference in California, acknowledging the difficulties the company has faced in the wake of a disastrous earnings report. He stated that they respect the skepticism from the market and are fully prepared to tackle the challenges ahead. Following the earnings report, Intel’s stock price
The recent rapid rebound of market confidence following a significant sell-off in risky assets has raised concerns among experts in the financial industry. Christian Mueller-Glissmann, the head of asset allocation research at Goldman Sachs, believes that investors should not be too quick to dismiss the early August stocks slump as just a minor blip. Despite
The rise of artificial intelligence (AI) has brought about a surge in demand for more powerful processors and increased energy consumption to keep data centers cool. However, companies like Sustainable Metal Cloud are leveraging innovative technologies to create “sustainable AI factories” that could revolutionize the industry. By utilizing HyperCubes equipped with Nvidia processors submerged in
In recent news, the Dow Jones Industrial Average hit a new high before experiencing a slight pullback, reflecting the ongoing volatility in the market. This rollercoaster ride has left investors on edge, trying to recover from a significant sell-off that occurred earlier this month. While the 30-stock index was initially up by over 200 points,
The latest quarterly reports of major Chinese companies suggest that the local market is one that requires careful stock picking. According to Lorraine Tan, director of Asia equity research at Morningstar, the recent outperformance in the market has been limited to specific companies. Tan pointed out that while some companies have shown resilience, the overall