Huawei is one of the most famous smartphone makers in the world. The famous company made an important announcement on the Chinese microblogging website Weibo on October 30. According to this announcement, the Mate 40 smartphone will include an integrated hardware wallet for China’s digital currency, the digital yuan. Based on the information provided by …
China’s Huawei Technologies has failed to assure British security officials on the use of its products. It was unable to convince them that using its products in UK national infrastructure can be adequately managed. This was according to a government report released on Thursday. Issues about the company’s engineering and security practices meant it could …
Britain says Huawei Security Failings Pose Long-term Risk Read More »
On Wednesday, several factors affected stocks in the Asia Pacific, as investors reacted to the release of Chinese economic data. Moreover, the first U.S. presidential debate also dominated the headlines. It is worth mentioning that, mainland Chinese stocks were mixed on the last day of September. For example, the Shanghai Composite dropped 0.2% to about …
How Stocks Reacted to Presidential Debate and Economic Data Read More »
It is no secret that K-pop short for Korean pop is popular not only in South Korea but in other countries as well. It is worth mentioning that, all members of the famous K-pop group BTS are set to become multi-millionaires. Importantly, their label Big Hit Entertainment goes public in less than a month. Consequently, …
South Korea’s Largest Initial Public Offering in Three Years Read More »
Micron Technology Inc has not yet obtained new licenses needed to sell its memory chips to Huawei Technologies. Company executives on Tuesday said this will cut its sales over the next two quarters. Based in Boise, Idaho, Micron is one of the world’s biggest makers of DRAM chips. It said it had previously obtained licenses …
Micron Yet to Regain License to Sell Chips to Huawei Read More »
Last week, Hong Kong-listed shares of China Evergrande Group fell in a mixed trading day for Asia-Pacific stocks. Importantly, Hong Kong-listed shares of China Evergrande Group declined 9.46%. According to the information, the property developer is seeking government support to approve a restructuring plan. This information affected the shares of China Evergrande Group. Nevertheless, the …
Hong Kong-listed Shares of China Evergrande Group Read More »
It was a tough day for the technology shares in Asia, following losses seen by their counterparts in the U.S. Moreover, mainland Chinese stocks fell on September 24. Importantly, in Japan conglomerate, SoftBank Group saw its stock drop 4.52% on September 24. Also, Kakao in South Korea fell 3.69%. Importantly, Hong Kong-listed shares of Chinese …
Hong Kong-listed shares of Chinese Smartphone Maker Xiaomi Read More »
It was a tough day for the stocks in the Asia Pacific. Importantly, South Korea’s Kospi led losses among the region’s major markets. The Kospi index fell 2.38% to close at 2’332.59. Hong Kong’s Hang Seng index declined 0.98% to finish its trading day at 23’716.85. Interestingly, HSBC saw its stock drop 2.05% while Standard …
Chinese consumers are rushing to buy smartphones from Huawei Technologies Co Ltd featuring its high-end Kirin chips. Buyers fear curbs on the firm’s access to U.S. technology will soon cut off production of its premium handsets. Huaqiangbei is the world’s largest electronics market located in the southern city of Shenzhen. Phone vendors in Huaqiangbei said …
Huawei Phone Prices Rise in China amid Chip Shortage Read More »
It was an interesting day as stocks in the Asia Pacific fell on Wednesday. However, European stocks saw gains on the day. Let’s have a look at the stocks across the world. For example, mainland Chinese stocks saw losses on the day. The Shanghai Composite fell 1.86% to about 3’254.63. Also, the Shenzhen Component dropped …
Stocks in Europe, Asia, and Other Parts of the World Read More »
South Korea’s top manufacturers of semiconductors are to suspend all transactions with Chinese firm Huawei. This is in compliance with the latest U.S. sanctions against the company being accused of spying and stealing technology. Samsung and SK Hynix are to stop selling components to Huawei as the Trump administration tightens sanctions on the phone maker. …
Samsung, SK Hynix to Drop Trades with Huawei | Wibest Broker Read More »
Tensions between the U.S. and China started a long time ago. However, the coronavirus pandemic created additional problems. It is not surprising that investors are closely watching the situation to learn more about the situation. Unfortunately however, stocks were mixed on September 7 as investors reacted to rising tensions between the countries. Importantly, Hong Kong-listed …
Tensions between Economic Superpowers and Stocks Read More »
On Friday, it was a tough day for many companies across Asia. As a reminder, several days ago shares of the world’s biggest publicly-traded company fell 8%. Tech giant Apple suffered the biggest one day decline since mid-March. On September 4, shares of Apple’s suppliers in Asia declined, due to the factor mentioned above. Shares …
Asian Companies and World’s Biggest Publicly Traded Company 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 …
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 …
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