Author: franperez66q@protonmail.com
If the facts change, then I have to change. I learned that from reading the legendary British economist John Maynard Keynes, and it has never steered me wrong. I was a huge bull on this market because of the terrific things happening in artificial intelligence. And because we had a new Federal Reserve chair in Kevin Warsh, who wanted to cut interest rates to support growth, given the frozen housing market and an underclass struggling with higher gas prices, a drop in health care coverage, and the gratuitous cut in food stamps. I made this judgment, as I always do,…
Asia chip stocks slump as AI rally loses steam; Japan, S.Korea worst hit Source link
A gong during the listing ceremony of Contemporary Amperex Technology Co. Ltd. (CATL) at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, May 20, 2025.Bloomberg | Bloomberg | Getty ImagesBEIJING — Hong Kong may be the top market globally for initial public offerings, but it also suffers from a growing trend of weak stock performance from those debuts.The Hong Kong exchange was first in the world by IPO funds raised last year — besting the New York Stock Exchange and the Nasdaq, which came second and third respectively — according to KPMG, which noted that strong momentum…
China’s Moonshot AI seeks $30 billion valuation in new funding round- Bloomberg Source link
Sinology | Moment | Getty ImagesAsian tech stocks extended their sell-off Monday, as investors sour on global AI-linked plays with the U.S. tech-heavy Nasdaq declining more than 4.5% last week.Memory chip behemoths and heavyweights on South Korea’s Kospi Index Samsung Electronics and SK Hynix fell 5% and 2%, respectively. The Kospi plunged as much as 8% as the two companies make up over 40% of the index. Taiwan Semiconductor Manufacturing Co, or TSMC, was down 2.1%, while Hon Hai Precision, also known as Foxconn, fell 5.1%. Japanese tech investor Softbank Group plunged 7.5%, while Tokyo Electron and Advantest were down 6.7% and 5%, respectively.The…
A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021.JUNG YEON-JE | AFP via Getty ImagesForeign investors have dumped billions of dollars’ worth of South Korean stocks this year, even as the Kospi has emerged as one of the world’s standout performers thus far, with record year-to-date gains.On Monday, overseas investors had unloaded a net 1.24 trillion won (about $801 million) worth of Kospi-listed shares as of 11am Singapore time (11p.m. ET Sunday), according to Korea Exchange data. “Foreign investors continued to sell the Kospi market, driven by outflows for…
Nvidia CEO says company is working with LG on humanoid robots and data centers Source link
Four soldiers are climbing a wall and they are ready to fight.Yoh4nn | E+ | Getty ImagesOil prices rose Monday amid heightened tensions in the Middle East as Iran and Israel traded strikes, raising concerns over a fragile ceasefire and an extended conflict. International benchmark Brent crude futures for July advanced 3.18% to $96.05 per barrel. U.S. West Texas Intermediate futures for August gained 3.46% to $93.67 a barrel.The Israeli Air Force hit military targets in western and central Iran, Monday local time, Israel Defense Forces said in post on X. President Donald Trump was briefed after Israel was hit by an Iranian missile for the first time…
India Inc hikes prices, shrinks packs as Iran war squeezes margins Source link
MANILA, PHILIPPINES – NOVEMBER 04: Philippine national flags fly at half-mast to mourn the victims killed by Typhoon Trami at Rizal Park on November 4, 2024 in Manila, Philippines. As of 8:00 a.m. on November 4, typhoons ‘Trami’ and ‘Kong-rey’ have caused at least 150 deaths, 134 injuries, and 20 missing persons in the Philippines, with a total of over 8.63 million people affected. (Photo by Zhang Xinglong/China News Service/VCG via Getty Images)China News Service | China News Service | Getty ImagesTsunami warnings were issued after an earthquake of magnitude 7.8 struck off Mindanao in the southern Philippines on Monday, the German…