On Thursday, shares of the world-famous company Apple fell 8%. It is the biggest one day decline since mid-March. Moreover, on the next day shares of Apple suppliers in Asia declined, due to this factor. For example, shares of Sharp fell 0.65% and Murata Manufacturing in Japan dropped 1.56%. Moreover, shares of Taiwan Semiconductor Manufacturing …
Shares of Apple Suppliers After its Biggest One-Day Decline Read More »
It was a tough day for mainland Chinese stocks. The Shanghai Composite dropped 0.58% to around 3,384.98 and the Shenzhen Component fell 0.828% to about 13,772.37. However, South Korea’s Kospi index gained 1.33% to 2’395.90. In Japan, Nikkei 225 added 0.94% to close at 23’465.53. At the same time, the Topix index gained 0.48% to …
China’s services sector activity expanded into a fourth straight month in August according to an industry survey. The Caixin/Markit services’ Purchasing Managers Index fell to 54.0 from July’s 54.1. The 50-mark separates monthly growth from contraction. Stocks were mixed on Thursday, as investors reacted to the news regarding the regional economic data. It is worth …
On Wednesday, Australia’s S&P/ASX 200 leg gains among the region’s major markets. There are numerous factors that may affect stocks. As a reminder, the country’s economy plunged into its first recession in nearly 30 years. Interestingly, the S&P/ASX 200 gained 1.84% to end its trading day at 5’063.20. It is worth mentioning that, mainland Chinese …
The economy of Australia was growing for decades. However, bushfires, as well as the coronavirus pandemic, caused serious damage to the local economy. Consequently, the country’s economy fell into its first recession in nearly 30 years. Based on the information provided by the Australian Bureau of Statistics, the country’s gross domestic product (GDP) fell 7% …
State of the Australian Economy and Stocks on September 2 Read More »
It is not a secret that companies around the world suffered heavy losses due to the coronavirus pandemic. However, Zoom Video Communications was able not only to deal with the pandemic but to generate profit as well. Notably, due to restrictions, millions of people spent most of their time at home for several months. Consequently, …
Impact of Coronavirus on the Zoom Video Communications Read More »
On Monday, Zoom Video Communications reported their second-quarter fiscal earnings. Interestingly, second-quarter earnings surpassed expectations. Also, the company raised its full-year guidance. People should take into consideration that, Zoom’s market cap now stands at more than $129 billion. As a result, the San Jose-based company is now larger than IBM as well as AMD. …
Last week, the prime minister of Japan, Shinzo Abe made the decision to leave his post due to worsening health. However, he would serve as the prime minister until the next leader is appointed. This decision affected stocks on Friday. Japanese stocks saw gains on the day. The Nikkei 225 gained 1.12% to close at …
Manufacturing PMI for August, Politics, and Stocks Read More »
Stocks in the Asia Pacific were mixed on the last day of August. Interestingly, Japanese stocks led gains among the region’s markets. It is worth noting that, investors are closely monitoring the political situation in the country. Interestingly, mainland Chinese stocks fell on Monday. The Shanghai Composite dropped 0.24% to about 3’395.68. At the same time, the …
Japan’s Longstanding Prime Minister and Stocks in Asia Read More »
Apple is a famous company around the world. People all over the world have at least some knowledge about the company. This month more precisely on August 19, the U.S. tech giant reached a market cap of $2 trillion. As a result, Apple became the first publicly traded U.S. company to reach this result. Interestingly, …
U.S. Tech Giant Apple and its Market Capitalization Read More »
Salesforce is a famous American cloud-based software company based in San Francisco. This week, the company reported fiscal second-quarter earnings that exceeded expectations. Interestingly, the S&P Dow Jones Indices made the decision to replace Exxon Mobil with Salesforce in the 30-stock Dow Jones Industrial Average on August 31. Let’s have a look at the results. …
Salesforce Reported Better Than Expected Results Read More »
Mainland Chinese stocks led losses among the region’s major markets. Interestingly, it was a good day for Alibaba however, as its shares rose 4.16% on Wednesday. Let’s have a look at the stocks in the Asia Pacific. The Shanghai Composite fell 1.3% to close at about 3’329.74. At the same time, the Shenzhen Component dropped …
Shares of Alibaba Listed on the Hong Kong Stock Exchange Read More »
It was a positive day for the major Asian airlines. Shares of China Eastern Airlines jumped 4% and shares of China Southern Airlines added 5.19% in Hong Kong. Furthermore, shares of ANA Holdings gained 7.18%. Moreover, in Singapore, shares of Singapore Airlines rose 3.26%. As a reminder, two days ago U.S. Trade Representative Robert Lighthizer …
Stocks in the Asia Pacific mostly strengthened their positions on August 25. It is worth noting that South Korea’s stocks led gains among the region’s major markets. Kospi index added 1.58% to close at 2,366.73. Moreover, Japanese stocks strengthened their positions on Tuesday. The Nikkei 225 gained 1.35% to 23,296.77. At the same time, the …
Stocks in Asia, Phase One Deal and Coronavirus Treatment Read More »
The U.S. stock index remained quite resilient since Friday. Also, supported by positive economic data, it reached new records. However, trading volume was low, and some experts noticed that the rally remains dependent on a few large-capitalization technology names. The S&P 500 posted another record close after its most extended series of wins since the …
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