Cathay Pacific Airways Ltd and owner of Hong Kong’s luxury Peninsula highlighted the impact on their business of recent protests in Hong Kong. This is after the escalating cycle of violence exhausts the outlook for the city. The anti-government protests deepened since mid-June. Millions of protestors have joined and occupied the streets of Hong Kong. …
Previously, China retaliated against the US after it let yuan drop past 7 and halted US farm purchases. As a result, the broader Asian market went south. European stocks, on the other hand, bounced back. Wall Street also edged lower in the last session as investors became more anxious over trade worries. Investors see the …
STOCK REPORT – Chinese news reverberated through various markets on Tuesday, with markets tumbling for a second day. Wall Street previously closed lower on news that China let its currency sink. Asian markets quickly followed suit after China also ditched buying US farm goods. All these new developments—or lack of progress—contributed to fears that the …
On Monday, after the close, Japan stocks were lower as shrinkage in the Paper & Pulp, Railway & Bus and Real Estate sectors drove shares lower. At the close in Tokyo, the Nikkei 225 weakened 1.74% hitting a 1-month low. The best performer on the stock exchange that was recorded on the session of the Nikkei 225 was Toyobo Co. Ltd., which gained 5.01% or …
Japan And Australian Shares Depreciate at The Stock Exchange Read More »
FINANCE – Universal Display Corporation topped Wall Street’s expectations for the second quarter. It also raised its sales guidance for the full year, further driving OLED stock higher. Universal Display is a supplier for OLED display technology and materials. For the June quarter, it earned 92 cents per share, with sales of $118.2 million. That’s …
STOCK REPORT – Qualcomm failed to meet expectations with its latest financial report. Qualcomm, a US chipmaker, reported that its June revenue fell 13% on year-on-year basis. Its net income was 34% lower. Afterwards, it provided guidance for September that also missed expectations. According to the company, the “slower demand for 4G devices as the …
China’s Huawei Technologies reported its earnings for the first half of the year. Its revenue grew 23% in the first half, much faster than a year ago. The growth comes amid a US campaign against the company. One may easily remember it has suffered from a ban in mid-May. For the first half, revenue reached …
Huawei Earnings Beat, Revenue Up Despite Sanctions Read More »
Stock Report – Dutch brewing company Heineken NV failed to meet analyst expectations for first-half profits. The company attributed the miss to higher packaging costs, which offset beer sales. Even so, the world’s second-biggest brewer stood pat on its full-year profit growth estimates. The company’s shares declined the most in nearly four years after its …
In the stock news today, one of the most significant shareholders in Anglo American Plc, Indian billionaire Anil Agarwal, thinks of exiting his stake in the diversified mining company. Volcan Investments, an Agarwal’s holding company, will reduce the position by calling a transferrable bond. It is a part of an unusual building that efficiently gave …
Stock News Today: Agarwal Exits Anglo American Stake Read More »
On Thursday, after the trading gains in the Paper & Pulp, Railway & Bus, and Real Estate sectors led shares higher, Japan stocks increased on the stock exchange. At the end of trading in Tokyo, the Nikkei 225 grew 0.22% to hit a new 1-month high. Advantest Corp. was the best performer of the session …
Stock Exchange: Japan and Australia’s Stocks Fortify Read More »
On Wednesday, due to the subdued dour signals from Deutsche Bank and Aston Martin slide in commodity-linked stocks, European stock markets were flat. The eurozone crisis manufacturing and services surveys also accumulate worries on the outlook for growth. Surveys by the purchasing manager in July showed weaker-than-expected eurozone business growth. The decline was due to …
On Tuesday, calming concerns over the pace of economic growth were companies that lifted a batch of substantial upbeat earnings reports, including Coca-Cola and United Technologies. Meanwhile, U.S. stock index futures strengthen. Last week, the earnings on the second quarter were mixed, but investors react positively to a series of releases on the previous 24 …
In the early morning trade on Monday, the Asian market traded mostly lesser. Meanwhile, as a Nasdaq-style new technology board in Shanghai launched, Chinese stocks fell. The Shanghai Composite glided 0.8% while the Shenzhen Component dropped 0.6%. A new tech board includes 25 companies. The Science and Technology Innovation Board launched it. In attempting to …
On Thursday, the early signs of the U.S.-China trade war hurt corporate earnings. Wall Street stocks plunged, and Asian share markets weakened. The signs further helped reinforce robust demand for safe-haven U.S. Treasuries. The most significant one-day decrease in four months were MSCI’s broadest index of Asia-Pacific shares outside Japan, 0.3%, and Tokyo’s benchmark Nikkei …
Current Stock Market Fluctuation Plunges US Treasury Yields Read More »
On Wednesday, the wake of a strong U.S. retail data and a Brexit-driven dive in the pound, holding the dollar stable at the current stock market. Furthermore, expected earnings reports by the worried investors from corporate America glided Asian shares. Data showed stockpile dropped less than expected last week. Oil prices also decreased after the …
Asian Shares Tumble in the Current Stock Market Movement Read More »
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