On Thursday, stocks in the Asia Pacific were mixed due to mounting tensions between the U.S. and China. Tensions affected investor sentiment. Interestingly, Japenese stocks reached the best results among the major regional markets. For example, the Nikkei 225 added 2.32% to close at 21,916.31 as shares of index heavyweight Fast Retailing soared 3.7%. At …
China Passed the Controversial Hong Kong Security Law Read More »
The state of the global economy was from being ideal even before the coronavirus pandemic. Moreover, the pandemic could jeopardize the future of the trade deal and the U.S.-China relations in general. The trade war between the U.S. and China dates back to 2018. In January, the U.S. and China signed a partial trade deal. …
The U.S. has the largest economy in the world and second place belongs to China. Thus, tensions between the largest economies have the potential to create additional problems for the global economy. On Wednesday, investors analyzed the potential impact of rising tensions between Washington and Beijing. Let’s have a look at the stocks across Asia. …
Companies around the world are working hard to create a COVID-19 vaccine. However, the preclinical biotechnology company Moderna is one of the front-running candidates when it comes to creating a vaccine. However, there are certain problems as well. For example, last week more precisely on May 19, shares of Moderna closed at a record high …
Shares of Moderna Jumped then Fell Due to lack of Clarity Read More »
Meanwhile, the Hang Seng index showed gains earlier of 0.07%, after losing 5.5% on Friday due to China’s proposed national security law for Hong Kong. The announcement led to the breach of social-distancing guidelines, as thousands took the streets of the city to protest against Beijing’s new security measure. It also prompted the US to …
Planned National Security Law Weighs on the Hang Seng Index Read More »
Hong Kong was a British colony that returned to Chinese rule in 1997. As a reminder, Hong Kong is governed as part of the “one country, two systems” principle. Thanks to this principle it has a high degree of autonomy. People should keep in mind that Hong Kong is a financial hub and tensions in …
Asian Financial Hub, Stocks and a New Security Law Read More »
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 …
Tensions in Hong Kong as China Plans to Impose a New Law Read More »
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, …
Best Buy Plans to Adopt to the Everchanging Environment Read More »
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 …
Best Buy’s Earnings Fell in the First Quarter of 2020 Read More »
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 …
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 …
China’s Benchmark Lending Rate and its Impact on the stocks Read More »
The aviation industry is struggling to deal with one of the most if not the most serious crises of the 21st century. Most of the airports are almost empty and it won’t be easy to convince travelers to return to airports. It will take at least several months to improve the situation. Meanwhile, some of …
Thailand’s Flag Carrier Thai Airways and its Shares Read More »
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 …
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 …
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 …
Shares of Moderna Surged Thanks to Vaccine Trial Read More »
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