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 »
This week, Tencent released information for the second quarter of 2020. As a reminder, the Chinese tech giant is the owner of WeChat. It is worth mentioning that, U.S. President Donald Trump signed an executive order that prohibits any transaction related to WeChat. The executive order comes into effect in September. However, analysts don’t think …
Tencent Holdings Ltd. is a famous company based in Shenzhen, China. On Wednesday, the Chinese tech giant reported results for the second quarter of this year. Notably, results surpassed expectations. Tencent is the owner of WeChat, a very popular messaging app. Last week, U.S. President Donald Trump signed an executive order that prohibits any transaction …
Chinese Tech Giant Tencent and its Second-Quarter Earnings Read More »
Huawei says it’s running out of processor chips. This is due to U.S. sanctions against the world’s biggest smartphone vendor, said reports. As of next month, Huawei will no longer be able to make its own Kirin chipsets. This is due to the ongoing economic pressure from the U.S. This was, according to Richard Yu, …
Huawei Runs Out of Chips for Smartphones over US Sanctions Read More »
U.S. President Donald Trump issued executive orders connected with WeChat and TikTok. Those orders would ban both of them from operating in the country if their owners won’t sell WeChat and TikTok. Consequently, Chinese-owned parent companies have 45 days to sell TikTok and WeChat. Otherwise, they won’t be able to operate in the country. Notably, …
Shares of Chinese Tech Tencent Fell More than 5% Read More »
Tensions between the U.S. and China continue to affect stocks. It is not surprising as the U.S. has the largest economy in the world, followed by China. Two days ago, the U.S. Secretary of State Mike Pompeo made a comment. According to his comment Donald Trump’s administration wants to ban untrusted Chinese apps such as …
How U.S.-China Tensions Affected Investor Sentiment Read More »
Stocks in the Asia Pacific were mixed on the last day of this month. For example, Japanese stocks led losses among Asia’s major markets. The Nikkei 225 fell by 2.82% to close at 21,710 as shares of the conglomerate Softbank Group dropped by 4.39%. At the same time, the Topix index fell by 2.82% to …
Tensions between the U.S. and China continue to affect stocks. This is worrying, as tensions between the two largest economies in the world represent a serious issue. Investors are closely monitoring the situation to learn more about the severity of the problem. On Friday, not only mainland Chinese stocks but stocks the whole Asia Pacific …
Mainland Chinese Stocks Fell Due to Ongoing Situation Read More »
This week, Hang Seng Indexes made an important announcement. The city’s leading compiler announced the creations of a new benchmark index. Importantly, the new benchmark index will track the 30 largest firms that trade in the city. It is worth mentioning that the Hang Seng TECH Index is expected to debut next week. Hong Kong …
Hong Kong and a New Nasdaq-Like Technology Index Read More »
It has been a historical day for china’s biggest chipmaker SMIC. Let’s have a look at this historical event. Its shares soared nearly 202% on its first day of trade in Shanghai. The shares sale is an important moment not only for the company but for the domestic semiconductor industry in general. Moreover, the trade …
It was a tough day for Hong Kong’s Hang Seng index. On Friday, the Hang Seng index fell to 25,727.41. As a reminder, the city suspended all schools starting from this week, due to a recent spike in coronavirus cases. Last week more precisely on Friday, Hong Kong’s Education Bureau announced the suspension of all …
There are numerous factors that have the potential to affect stocks. The coronavirus pandemic is one of them. However, sometimes even one article is enough to boost stocks. For example, on Monday, the Shanghai Composite soared nearly 6% thanks to an article published in the state-owned China Securities Journal. Let’s have a look at this …
Huawei is one of the major smartphone makers in the world. Moreover, it the biggest producer of the equipment used in 5G networks. However, the tech giant has to deal with problems connected with the U.S. Recently, the United States made the decision to restrict chip sales to Huawei. This move is a serious challenged …
Chinese Tech Giant Huawei and its Relations with the U.S. Read More »
Huawei has warned China will strike back against new restrictions from the United States. 2020 would be the company’s most difficult year due to trade restrictions that affected its sales last year. Chairman Eric Xu warned that further export restrictions could destroy global tech supply chains. Following its weakest annual profit growth in three years, …
The Chinese Government Will Strike Back for Huawei Read More »
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