Fri, March 01, 2024

Hong Kong

China

China’s Economy Hits 30-Year Low, Eyes 5% Growth

Quick Look China’s GDP growth has reached a 30-year low amidst a backdrop of declining birth rates and high youth unemployment. Despite challenges in the financial and property markets, sectors like tourism, electric vehicles, and solar panels show robust growth. The economy expanded by nearly 5% last year, driven by industries outside the troubled housing …

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Wibest – Asian Market: The Nikkei Stock Average with red down arrow.

Nikkei 225 Hits 39,098.68: A 44% Yearly Surge

Quick Look The Nikkei 225 index surpasses its 1989 peak, closing at 39,098.68. Sharp gains in chip-related shares and significant foreign investment drive the index’s rise. Over the past year, the Nikkei has surged by approximately 44%, outperforming many global counterparts. Governance reforms and corporate efficiency measures contribute to market attractiveness. Record stock buybacks and …

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Hong Kong and tech companies

Hong Kong’s $27M Investment Scheme Targets Global Wealth

Quick Look Hong Kong introduces a revised Capital Investment Entrant Scheme (CIES). It is targeting individuals, with a minimum investment threshold set at HK$27 million. The scheme aims to reinforce Hong Kong’s status as Asia’s leading financial hub. Leveraging the fast-growing wealth in the Greater Bay Area (GBA). Over 9,000 businesses with overseas/China parent companies …

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Stocks on April 6

Markets Wobble: Nasdaq Dips 0.2%, Tech Tumbles

Quick Look Nasdaq 100 futures dipped by 0.2%, signalling a cautious market sentiment. Significant after-hours movements: Palo Alto Networks plummets by 20%, SolarEdge Technologies falls by over 10%. Nvidia’s 4% slump raises concerns over tech sector valuations. Anticipation for the Federal Reserve’s January meeting minutes and a lineup of earnings announcements. Asian markets show mixed …

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Skepticism Looming Over the US Stocks? Again?

S&P 500 Hits 5000 in Historic Market Milestone

Quick Look During intraday trading, the S&P 500 crossed the historic 5000 mark for the first time. Dow Jones Industrial Average dipped slightly, while S&P 500 and Nasdaq 100 futures saw marginal declines. A disappointing forecast impacted the tech sector’s outlook on Pinterest shares fell 9% after hours. The transition of Hong Kong Exchange’s CEO …

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The majority of Southeast Asian stock markets closed in red

Chinese Stocks Soar as Government Fund Boosts Confidence

Chinese Stocks Rally Significantly as State Investment Fund Bolsters Confidence Chinese stock markets have experienced their most significant rally in years despite ongoing concerns over a persistent market decline that has wiped out trillions in market value over the past three years. The rally has been sparked by Central Huijin Investment’s declaration to increase its …

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Top Cryptos to Check this week: BTC/USDT ETC, NEAR, XMR, FTT

The ‘Year of the Dragon’ Brings Serenity to Bitcoin

Key Points: Bitcoin (BTC) remained stable at around $42,000 despite the upcoming Lunar New Year. Analysts observed significant gains in Bitcoin (94%) and Ethereum (47%) despite earlier predictions. Regulatory scrutiny increased in the US, with surveys on crypto miner energy consumption and proposed AML and CFT regulations. Attention is focused on the BTC-spot ETF market, …

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US Stocks Rally Following Powell Speech

Powell’s Rate Comments Fuel Market Caution Amid Earnings Wave

Market Caution Amidst Rate Uncertainty: Futures Respond Cautiously to Powell’s Commentary Investor sentiment remained guarded as stock futures showed tepid reactions to Federal Reserve Chair Jerome Powell’s comments, which dampened expectations for immediate interest rate reductions. The upcoming week, filled with corporate earnings reports, is set to inject further uncertainty into the markets. Futures linked …

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ethereum concept on digital chip

Ethereum Bulls Target $2,350 Amid Range-Bound Trading

Exploring Ethereum’s Recent Price Movements Ethereum, the second-largest cryptocurrency by market capitalization, is currently in a phase of price consolidation at a critical juncture. Traders and investors are keenly observing whether this period signifies the start of a bullish rally or a necessary technical correction. Ethereum’s Gradual Ascent From the $2,240 support zone, Ethereum has …

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Stock market update

Asia Rallies: Hong Kong Up 1.8%, Shanghai Climbs 3%

The Asian market rally showcased resilience on Thursday, with a wave of positive sentiment sweeping across the region, largely driven by strategic economic measures. Hong Kong led the surge with a significant 1.8% increase, while Shanghai drew attention with a notable 3% jump. Tokyo and Seoul also posted modest gains, reflecting this optimism. Similarly, U.S. …

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The Global Stock Market and Rate as Of Today

European Market Dips 0.3% Following Logitech’s 6.6% Decline

The global financial landscape has witnessed mixed trends in recent trading sessions, shaping the current stock market outlook. On Tuesday, European markets experienced a downturn, shedding the positive momentum from the preceding session. The pan-European Stoxx 600 index dipped by 0.3%, with most sectors trading in the red. Utilities faced a 0.8% decline, while mining …

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Stocks and main challenges

A Weekly Overview of the Stocks in Asia-Pacific

In the dynamic world of finance, keeping a close eye on stocks is crucial for investors seeking to make informed decisions. The Asia-Pacific region witnessed a mixed performance on Monday, marked by notable developments that impacted key markets. Let’s delve into the details to understand the factors influencing the stock landscape. Japanese Markets Surge to …

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The Global Stock Market and Rate as Of Today

Stock Market Predictions for India and Hong Kong

As 2023 draws close, the global financial landscape is witnessing a fascinating shift. India’s stock market is surging to claim the seventh position globally, surpassing Hong Kong in total market capitalisation. This significant development underscores the evolving economic dynamics and investor sentiments in both countries. In this article, we delve into the contrasting trajectories of …

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The Global Stock Market and Rate as Of Today

Stock Market Outlook Amidst Global Cautiousness

The stock market outlook remains uncertain as Asian shares experienced a decline in cautious trading, setting the tone for global markets. Investors closely monitor key reports on the US job market this week, anticipating insights into the Federal Reserve’s stance on interest rates. Amidst this backdrop, we delve into the recent market movements and critical …

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