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 …
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 …
Huawei continues to grow despite the problems connected with U.S. sanctions. During the first half of 2019, the Chinese tech giant sold more than 118 million phones. It means that the company managed to improve the results as sales of smartphones increased by 34%, which is a good result. It is an interesting fact that …
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 »
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 »
Huawei and U.S. sanctions Huawei is the second-biggest smartphone maker in the world. The company had an ambitious plan to overtake Samsung, which is the number one producer. However, the trade war between the U.S. and China altered the plans for the Chinese tech giant. U.S. officials accused Huawei of intellectual property theft, cyberespionage, etc. …
On Monday, the current stock market remained attentive to the probable U.S. rate cut this month. Also, major Asian equity indicators pushed higher. Investors expected the world’s biggest economy to receive measurements by corporate earnings and U.S. retail sales data. Meanwhile, with declines in Chinese shares covering increases elsewhere in the region. MSCI’s broadest index …
Current Stock Market: Asian Shares Nudges amidst U.S Data Read More »
On Monday, the world’s second-biggest economy is seen to be stabilizing a ramped-up stimulus from Beijing after encouraging Chinese data. Also, Investors were reassured while Asian shares progressed. Last year, the growth of the second quarter economy decreased to 6.2%. A separate data showed the country’s industrial production and retail sales which finance records conveniently …
Finance: Asian Shares Boosted by Chinese Data Backing Read More »
On Thursday, after prospects of a U.S. interest rate cut were reinforced by Federal Reserve Chair Jerome Powell, Asian stocks increased, and the dollar flopped. The U.S. economy is still under threat from disappointing factory activity, tame inflation, and a simmering trade war. Stated by Powell on Wednesday in a meeting with his congressional supervisors. …
The Federal Reserve: Asian Stocks Rise, Dollar Drops Read More »
Deeper links are done by the staffs that were previously not acknowledged by the firm between Huawei and China’s military and intelligence bodies appeared. It has revealed a new investigation of CVs of the technology giant’s staff. Concluding at the paper which examines Huawei’s employment records of the staffs, it has determined that “key mid-level …
Huawei CVs Display Contact with Chinese Military Read More »
SAMSUNG – The second-quarter operating profit of Samsung Electronics Co Ltd probably plummeted, according to company forecast. The company cited the disruptive US-China trade war as the primary reason for the plunge, with the trade dispute adversely affecting the global chip and smartphone markets. However, the company believes the figure will beat analyst expectations thanks …
On Wednesday, as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods, Asian shares plunged. A day after weaker factory readings worldwide, with South Korea’s trade-reliant economy cutting its economic growth and export targets, global growth concerns also limit investor confidence. In …
Asian Shares Decline as Trade Confidence Diminishes Read More »
One of the major decisions of the G-20 summit is that American companies will be able to sell their products to Huawei. U.S. President Donald Trump changed his opinion regarding the Huawei. This decision will have a significant impact on the Chinese tech giant as they can revive their plan to become the biggest smartphone …
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