Stocks and Indices

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Stocks and Indices

Date : 2024-01-25
Time : 10:00:00
Stocks and Indices
  • Asia's top financial executives expect geopolitical tensions, the coming U.S election and Beijing's policy uncertainty to keep shaking confidence in China investment in 2024, as investors target other regional markets such as India for better returns.
  • Tesla (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.
  • Japan stocks were higher after the close on Thursday, as gains in the Banking, Mining and Insurance sectors led shares higher.
  • Apple's smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.
  • Australia stocks were higher after the close on Thursday, as gains in the Metals & Mining, Resources and Materials sectors led shares higher.
  • China’s benchmark stock indexes saw an extended rebound this week, after the People’s Bank unexpectedly rolled out more monetary stimulus and flagged more measures to help support an economic recovery in the country.

 

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