The release of China’s official purchasing managers’ index data for August has impacted the performance of Asia-Pacific markets. The manufacturing PMI fell to 49.1, marking a faster contraction compared to the previous month. This decline was below the median forecast of economists, indicating a challenging economic environment. On the other hand, China’s non-manufacturing PMI showed
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Recent events have brought Japan and China into a state of contention, with Japan lodging a protest against China after a naval survey vessel encroached on Japanese waters. This comes as the second intrusion by the Chinese military in less than a week, causing increased tensions in the region. The rising Chinese military activities near
September has traditionally been a challenging month for Apple, with the company’s stock experiencing average losses of 3.5% over the past 10 years. This downward trend is in stark contrast to the gains seen in July (6.5%) and August (4.8%). Despite a 3.1% increase in August of this year and an overall jump of nearly
Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process as mandated by China’s State Administration for Market Regulation (SAMR) following an antitrust fine it received in 2021. The SAMR, in a statement, highlighted that Alibaba has made significant progress in aligning its operations with antitrust regulations. This development has been well-received
Intel’s CEO Pat Gelsinger recently admitted that the company has faced a series of challenges following a disastrous earnings report. The stock price plummeted by 26%, marking its worst day on Wall Street in over 50 years. This decline has been reflective of a broader trend, with shares down 59% for the year. Gelsinger acknowledged
The swift resurgence of market confidence following a sharp decline in risky assets may not be as reassuring as it seems. In a recent interview with CNBC, Christian Mueller-Glissmann, head of asset allocation research at Goldman Sachs, expressed concerns about the rapid recovery in stock markets. He compared the early August stocks slump to a
The artificial intelligence boom has led to an increased demand for powerful processors and the energy required to keep data centers cool. Sustainable Metal Cloud, a data center company, has taken advantage of this opportunity by operating “sustainable AI factories” in Singapore and Australia. These factories consist of HyperCubes containing servers equipped with Nvidia processors
The recent performance of the Dow Jones Industrial Average has been a rollercoaster ride for investors. While the index reached a record high on Monday, it quickly pulled back, leaving many scratching their heads. This volatility can be attributed to investors trying to recover from a significant sell-off earlier in the month. The fact that
The recent quarterly reports of major Chinese companies have highlighted the need for stock pickers in the local market. According to Lorraine Tan, director of Asia equity research at Morningstar, the outperformance seen in certain companies is not a broad trend. Instead, it is specific to those companies with a more resilient product mix or
Recently, the Islamic State group claimed responsibility for a knife attack in the German city of Solingen that resulted in the tragic deaths of three individuals and the injury of eight others. The group described the attacker as a “soldier of the Islamic State” and stated that the attack was carried out in revenge for