Asia-Pacific markets experienced a mixed day on Monday as investors digested the latest business activity data from China. The country’s official purchasing managers’ index for August revealed a slowdown in the manufacturing sector, with the PMI falling to 49.1, indicating a faster contraction compared to the previous month. On the other hand, the non-manufacturing PMI
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Japan recently issued a formal protest against China after a naval survey vessel crossed into Japanese waters on Saturday, marking the second time in less than a week that Chinese military assets have encroached on Japanese territory. This incident is part of a worrying trend of increased Chinese military activity near Japan and around Taiwan,
As September approaches, Apple investors brace themselves for what has historically been a challenging month for the tech giant. Over the past decade, Apple’s shares have experienced an average loss of 3.5% during the month of September. This downward trend stands in stark contrast to the positive gains recorded in July and August, where Apple
Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process imposed by China’s market regulator following an antitrust fine it received in 2021. The State Administration for Market Regulation (SAMR) in China has been overseeing Alibaba’s compliance with antitrust regulations over the past few years. According to a Google-translated statement by SAMR,
Intel CEO Pat Gelsinger recently spoke at Deutsche Bank’s technology conference in Dana Point, California, acknowledging the “difficult few weeks” since the chipmaker’s disappointing earnings report. The company has faced a massive decline in its stock price, dropping 26% after the earnings report was released. This decline marks Intel’s worst day on Wall Street in
The recent rapid return of market confidence following a significant global sell-off in risky assets has raised concerns among experts in the field. Christian Mueller-Glissmann, the head of asset allocation research at Goldman Sachs, expressed his apprehensions in an interview with CNBC’s “Squawk Box Europe.” He compared the early August slump in stocks to a
In the age of artificial intelligence, the demand for more powerful processors and efficient cooling systems in data centers is higher than ever. Sustainable Metal Cloud, a data center company, is paving the way for a sustainable solution with its innovative “sustainable AI factories” powered by HyperCubes. These HyperCubes contain servers equipped with Nvidia processors
The Dow Jones Industrial Average experienced significant fluctuations in the past week, reaching a record high before pulling back as investors reacted to a steep sell-off earlier in the month. The 30-stock index was down 0.1% after rising over 200 points earlier in the day. Similarly, the S&P 500 slipped 0.5% and the Nasdaq Composite
The current state of the Chinese stock market presents a challenging environment for investors, according to Lorraine Tan, director of Asia equity research at Morningstar. She emphasizes that outperformance in the market has been limited to specific companies that possess a resilient mix of products or business market positions. However, the majority of companies are
The Islamic State group claimed responsibility for a knife attack in the German city of Solingen that left three people dead and eight others injured. The group portrayed the man behind the attack as a “soldier of the Islamic State” seeking revenge for Muslims in Palestine and beyond. While the exact connection between the attacker
