World

The Asia-Pacific markets experienced a significant plunge on Wednesday, with Japan’s Nikkei 225 leading the losses. The index was down by 3.19%, while the broader Topix index was also down by 2.79%. Semiconductor-related stocks, such as Renesas Electronics and Tokyo Electronics, saw a substantial decline, with Renesas Electronics leading as the largest loser on the
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Despite multiple attempts by the Chinese government to provide stimulus and support measures to the housing market, experts like Haibin Zhu, chief China economist at JPMorgan, believe that these efforts have not been effective in stabilizing the sector. In fact, Zhu predicts that the housing market crash is far from over and that home prices
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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,
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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,
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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
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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
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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
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