The Asia-Pacific markets were in a state of flux on Monday as investors digested China’s official purchasing managers’ index (PMI) data for August. The manufacturing PMI fell to a six-month low of 49.1, indicating a faster contraction compared to July’s numbers. This figure missed the median forecast, marking the fourth consecutive month in contraction territory.
World
The recent incursion of a Chinese naval survey vessel into Japanese waters has once again highlighted the growing tensions between the two Asian powerhouses. This marks the second time in less than a week that China has infringed upon Japanese territory, prompting Tokyo to lodge a formal protest with Beijing. The uptick in Chinese military
In the world of tech giants, Apple has always captured the attention of investors and consumers alike with its highly anticipated product launches. September, in particular, has been a tricky month for Apple historically, with the company’s share price experiencing fluctuations around the time of major announcements. According to a FactSet analysis, Apple’s stock tends
Alibaba, the Chinese tech giant, recently completed a three-year regulatory “rectification” process following an antitrust fine it received in 2021. This development was confirmed by China’s State Administration for Market Regulation (SAMR) on Friday. The SAMR stated that the rectification work has yielded “good results” and that Alibaba has now ceased its “‘choose one of
Intel, one of the leading chipmakers in the world, has been facing significant challenges in recent times. The company’s CEO, Pat Gelsinger, acknowledged the difficulties the company has been going through during a fireside chat at a technology conference. This article will delve into the issues Intel is facing and the efforts being made to
The recent rapid recovery of market confidence after a significant global sell-off in risky assets is a cause for concern, as highlighted by the head of asset allocation research at Goldman Sachs. Christian Mueller-Glissmann pointed out that investors should view the early August stocks slump as a warning. The markets started the month under pressure
The rise of artificial intelligence (AI) technology has led to an increased demand for more powerful processors and greater energy consumption in data centers. Sustainable Metal Cloud, a data center company, has taken advantage of this opportunity by introducing “sustainable AI factories” in Singapore and Australia. These factories, known as HyperCubes, are equipped with servers
The recent fluctuations in the stock market have left investors on edge, with the Dow Jones Industrial Average reaching a record high before quickly pulling back. This volatility has been a result of investors attempting to recover from a steep sell-off earlier in the month. The 30-stock index experienced ups and downs, with a rise
The recent quarterly reports from major Chinese companies highlight the challenges faced by investors in the local market. Despite pockets of outperformance in certain companies, there is an overall trend of weakness reflecting macroeconomic factors. Lorraine Tan, director of Asia equity research at Morningstar, pointed out that the companies that have done well have a
The Islamic State group took responsibility for a tragic knife attack in the city of Solingen, Germany, that resulted in the loss of three lives and left eight individuals wounded. The assailant, who the militant group referred to as a “soldier of the Islamic State”, allegedly carried out the attack as a form of revenge