The yuan tumbled to its weakest level since November 2023, with both onshore and offshore trading seeing declines. This comes despite China’s central bank, the People’s Bank of China (PBOC), attempting to bolster sentiment by setting a stronger-than-expected daily reference rate on Tuesday. Traders remain unconvinced, as concerns over slowing…
Indian benchmark indices extended their winning streak on Tuesday, with the BSE Sensex climbing 450 points (0.56%) to 80,699.04 and the Nifty50 gaining 126 points (0.52%) to trade at 24,402. This marks the third consecutive session of gains, spurred by a rally in metal and financial stocks. The uptick followed…
European equity markets saw a modest rise on Tuesday, with the pan-European STOXX 600 climbing 0.7%, bolstered by a 1.37% gain in technology stocks and a 1.25% rise in the basic resources sector. However, political instability in France continued to weigh on investor sentiment. France’s CAC 40 index, while up…
The Hang Seng index suffered a harsh reversal, falling by over 16% from its highest level this year. It was trading at H$19,445 on Tuesday as investors embraced the new normal of the incoming Trump administration. It was hovering near its lowest level since September 26. Hong Kong stock risks…
Stellar Lumens (XLM) price rally has stalled recently as it took a breather following a near 500% short squeeze. The XLM token was trading at $0.5290 on Tuesday morning, a few points below the year-to-date high of $0.6370. It has surged by 630% from its lowest point this year. Why…
Microchip stock price remains in a strong bear market after falling by almost 30% from its highest level this year. MCHP share was trading at $70.3, up by about 13% above the lowest point this year. Microchip stock price is at risk The weekly chart shows that the MCHP share…
Dollar Tree (DLTR) stock price has collapsed and is hovering at its lowest level since May 2020. It has plunged by about 60% from its highest level in 2022, bringing its market cap from over $47 billion to about $16 billion. Dollar stores are in trouble The Dollar Tree stock…
The SPDR S&P 500 ETF (SPY) stock continued rising and is sitting at a record high as the strength of the equities market accelerates. The fund was trading at $605 on Monday, bringing the year-to-date gains to about 27%. Other related funds like the Vanguard S&P 500 (VOO) and the…
Nio stock HK stock price has been under intense pressure in the past few months as concerns about its business and the EV industry remained. It initially surged to H$74.15 in January this year and then plunged to $29.15 in April and August, forming a double-bottom chart pattern. Nio shares…
Archer Aviation (ACHR) stock price suffered a harsh reversal as the number of investors shorting it jumped. After being one of the best-performing companies in Wall Street, it has dropped by over 26% from its highest level this year. This pullback has brought its market cap to about $4 billion.…