Asian technology and semiconductor stocks faced significant losses on Tuesday after U.S. President Donald Trump confirmed plans to impose 25% tariffs on goods from Canada and Mexico, with no room for negotiation. Trump also announced an additional 10% hike on existing tariffs on Chinese imports, intensifying global trade tensions. The announcement rattled investors, leading to […]
Bitcoin, the flagship cryptocurrency, has tumbled by 10% in a single day, reflecting the bearish pressure currently weighing on the broader crypto market. The decline is part of a larger trend of risk aversion among investors, driven by fears of economic instability and tighter regulations. Market analysts suggest that the sell-off was exacerbated by large-scale […]
In a bold move to uphold corporate integrity, Malaysia has pledged to take decisive action against companies embroiled in a fraud scandal involving global tech leader Nvidia. The case, which has sent shockwaves through the tech industry, centers on allegations of financial misrepresentation and unauthorized use of Nvidia’s proprietary technology by several Malaysian firms. Authorities […]
On March 3, 2025, Mixue Group, China’s premier bubble tea and drinks chain, commenced trading on the Hong Kong Stock Exchange with notable success. The company’s initial public offering (IPO) raised HK$3.45 billion (approximately $444 million), with shares priced at HK$202.50 each. The debut saw Mixue’s shares opening at HK$262, marking a substantial increase and […]
China’s February Caixin Purchasing Managers’ Index (PMI) signaled sluggish growth in the manufacturing sector, raising concerns about the country’s economic recovery. The PMI, a key indicator of manufacturing activity, fell to 50.1 in February, down from 50.8 in January, barely above the 50-point mark that separates expansion from contraction. The data suggests that China’s manufacturing […]
China is considering a fiscal expansion plan during the annual “Two Sessions” meeting, a key political event where the country’s leadership sets economic and policy priorities for the year. The proposed measures include an increase in the fiscal deficit to support economic growth and address challenges such as slowing domestic demand and global economic uncertainty. […]
The United States’ escalating demand for gold is putting significant strain on global bullion supplies, according to industry reports. As investors and central banks flock to gold as a safe-haven asset amid economic uncertainty, the U.S. has emerged as a dominant force in the global gold market, drawing bullion away from other regions. Gold prices […]
Bitcoin’s price has tumbled to approximately $80,500 in early Asian trading, marking a 3.45% drop on the day and a nearly 25% decline from its all-time high in mid-December. This significant downturn reverses the gains Bitcoin had made following the election victory of U.S. President Donald Trump, highlighting the cryptocurrency market’s sensitivity to broader economic […]
U.S. President Donald Trump has announced new tariffs on imports from Mexico and Canada, set to take effect on March 4, alongside an additional 10% levy on Chinese goods. The decision marks a significant escalation in U.S. trade policy, aimed at protecting domestic industries and addressing perceived trade imbalances. The tariffs on Mexico and Canada, […]
Nvidia has identified China’s Huawei as a significant competitor in the semiconductor industry, despite U.S. sanctions designed to curb Huawei’s access to advanced technologies. The U.S. chipmaker highlighted Huawei’s rapid progress in developing high-performance chips, which could challenge Nvidia’s market leadership in areas such as artificial intelligence (AI) and data centers. Huawei, through its subsidiary […]