Thu, March 28, 2024

Stock Markets

Stock markets and various factors

Tensions in Hong Kong as China Plans to Impose a New Law

Hong Kong is a financial hub. Demonstrations that started a long time ago already affected the local economy. Moreover, there is a risk that tensions could rise as China plans to impose a new national security law on Hong Kong. Importantly, the draft law was announced at the annual National People’s Congress (NPC). The NPC …

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Consumer electronics retailer and main challenges

Best Buy Plans to Adopt to the Everchanging Environment

This week, multinational consumer electronics retailer Best Buy released information about the first quarter of 2020. Interestingly, net-income fell to $159 million or 61 cents per share. Thus, compared to the same period in 2019, net income dropped from $265 million or 97 cents per share to $159 million or 61 cents per share. Nevertheless, …

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Big retailer and financial problems

Best Buy’s Earnings Fell in the First Quarter of 2020

The coronavirus pandemic is a major challenge for the global economy. Consumer electronics retailer Best Buy said its revenue, as well as earnings, dropped in the first quarter of 2020. Importantly, later in the quarter, it decided to shut stores and switched to only curbside pickup outside of the stores. Moreover, Best Buy temporarily suspended …

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S&P/ASX 200 on May 20

Stocks: Australia’s S&P/ASX 200 Advanced 0.24%

It was turbulent for the stocks across the Asia Pacific, as China decided to keep the benchmark lending rate. Interestingly, Australia’s S&P/ASX 200 added 0.24% to 5,573. However, mainland Chinese stocks saw losses on the day. For example, the Shanghai Composite dropped 0.51% to end its trading day at around 2,883.74. Moreover, Shenzhen Composite fell …

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Stocks and main factors

China’s Benchmark Lending Rate and its Impact on the stocks

On Wednesday, stocks across Asia were mixed as they reacted to the news connected with the world’s second-largest economy. China made the decision to keep the benchmark lending rate. Importantly, mainland Chinese stocks fell on May 20. The Shanghai Composite fell 0.51% to end its trading day at around 2,883.74. At the same time, another …

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Hyundai Motor and its shares

Shares of Automaker Hyundai Motor Jumped 7.83%

On Tuesday, stocks across the Asia Pacific benefited from the news related to the potential coronavirus vaccine. South Korea’s Kospi index added 2.25% to close at 1,980.61 with shares of world-famous automaker Hyundai Motor surged 7.83%. Moreover, Japan’s Nikkei 225 ended its trading day 1.49% higher at 20,433.45 as shares of robot maker Fanuc added …

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Coronavirus vaccine and stocks

Moderna Conducted Early-Stage Human Trial

The coronavirus pandemic caused tremendous problems for the global economy. Private as well as governmental organizations are working round the clock to address this problem. Moreover, they want to create an effective vaccine to prevent such issues in the future. The biotechnology company from the U.S. successfully conducted an early-stage human trial for a coronavirus …

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Shares of Moderna

Shares of Moderna Surged Thanks to Vaccine Trial

An American company from Massachusetts reported the news that helped to boost its shares. According to Moderna, early-stage human trial for a coronavirus vaccine produced COVID-19 antibodies in all participants. Notably, 45 people took part in this process. The company’s shares jumped more than 17%. Participants received two doses of the potential vaccine via intramuscular …

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The economy of China and markets

China’s Industrial Profits and Markets in Asia

On May 15, stocks in Asia were little changed as the data connected with China’s industrial profits affected the markets. Interestingly, industrial profits surpassed expectations. Let’s have a look at the Chinese stocks. Importantly, mainland Chinese stocks were mixed on Friday. The Shanghai Composite slightly declined to around 2,868.46. At the same time, the Shenzhen …

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Stocks and various factors

Tencent’s First-Quarter Earnings Surpassed Expectations

Shares of Chinese tech giant Tencent listed on the Hong Kong Stock Exchange fell on May 14 even though the firm’s first-earnings surpassed expectations. Interestingly, the stock earlier reached more than two year high. Notably, online games revenue grew 31% year-on-year to 37.3 billion yuan. Also, the total smartphone game revenue reached 34.7 billion yuan …

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Stocks and main challenges

Unemployment in Australia and Asian Stocks

On Thursday, Australia’s Bureau of Statistics released the data that underlined the state of the local economy. According to the bureau, seasonally adjusted employment in April fell by 594,300 people compared to March. This information had a negative impact on the stocks across the Asia Pacific. Australia’s S&P/ASX 200 fell 1.72% to close at 5,328.70. …

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Stocks and coronavirus pandemic

Coronavirus Crisis and its Impact on the Investor Sentiment

The coronavirus pandemic created a lot of problems for the stability of the global economy. Moreover, the pandemic is not over as can be seen from a recent resurgence in coronavirus cases in certain countries in the region. It is not surprising that the information related to the coronavirus pandemic continues to affect investor sentiment. …

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Stocks and economic data

Stocks, New Cases of Coronavirus and Regional Factors

The mainland Chinese stocks saw gains while the Japanese stocks fell on Wednesday. Importantly, stocks in the Asia Pacific were little changed due to the issues connected with the coronavirus pandemic. It makes sense as caution remained over a recent resurgence in coronavirus cases in certain countries in the region. As stated above, mainland Chinese …

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