- November 26th, 2024
Asian stock markets largely trended higher on Tuesday, fueled by investor optimism stemming from a strong Wall Street rally and expectations for better-than-anticipated corporate earnings. Meanwhile, the U.S. dollar hovered near a two-month high, bolstered by growing speculation that the...
China’s cybersecurity agency once again refuted claims from the United States and Microsoft Corporation that Chinese state-sponsored hackers were behind a major cyberattack targeting critical American computer networks. Known as Volt Typhoon, the cyberattack has been a point of contention...
Chinese stocks exhibited a roller-coaster ride during early trading on Tuesday as growing uncertainty loomed over the durability of the current stimulus-fueled rally. The CSI 300 Index, which tracks the largest firms on the Shanghai and Shenzhen exchanges, fell by...
Asian stocks rose on Tuesday, buoyed by another record-setting performance on Wall Street, while oil prices tumbled as concerns over an Israeli attack on Iranian energy facilities diminished. The MSCI Asia Pacific Index climbed 0.7%, fueled primarily by gains in...
The Paris Motor Show on Monday set the stage for fierce competition between Chinese and European automakers, as they clashed against the backdrop of growing tensions over the European Union’s (EU) proposed import tariffs on Chinese-made electric vehicles (EVs). As...
Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, is on track to report a significant surge in third-quarter profits, driven by unprecedented demand for artificial intelligence (AI) applications. The company is expected to announce a net profit of...
Chinese markets recently after Beijing unveiled a highly anticipated stimulus package, which many hoped would mark the start of a much-needed economic recovery for the world’s second-largest economy. Traders were quick to act, sending stock markets soaring across Shanghai and...
Singapore’s economy saw robust growth in the third quarter of 2024, with the nation’s gross domestic product (GDP) expanding by 4.1% year-on-year, surpassing economists' expectations. This marks a notable rebound for the city-state, signaling resilience amidst global economic headwinds. According...
The global financial markets kicked off the week on a cautious note as uncertainty over China’s economic recovery deepened following a lackluster briefing from the country’s Finance Ministry. The weekend update from China’s Finance Minister Lan Fo’an, which fell short...
In early Monday trades in Asia, the U.S. dollar extended its recent gains, continuing a trend that has been largely driven by market skepticism about further aggressive rate cuts from the Federal Reserve and disappointment over China’s lackluster weekend stimulus...
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