The Hang Seng Index rose for two consecutive days after the recent strong Chinese macro data and as investors waited for some notable Chinese earnings. It also rose as it mirrored the performance of American equities. It has now risen by 5% from its lowest level this month, with focus shifting…

Bright Smart stock (HKG: 1428) surged over 82% on Tuesday after Ant Group said it had completed the required mainland Chinese reporting procedures for the acquisition.The announcement removes a major overhang on a deal that investors had been watching for months.The stock later pared some gains and was trading at…

US-based spot Bitcoin exchange-traded funds are once again attracting steady inflows, signalling a shift in institutional behaviour as crypto markets regain momentum. The latest data shows that capital has entered these funds for six straight sessions, marking the longest run of inflows since October last year.This renewed interest comes alongside…

Samsung Electronics shares rose sharply on Tuesday after fresh signals from Nvidia strengthened expectations of a turnaround in its chipmaking business.The stock climbed as much as 5% in early trade after Nvidia chief Jensen Huang confirmed that Samsung is producing new artificial intelligence chips.The update has renewed focus on Samsung’s…

The US government has confirmed a battery supply tie-up between Tesla and South Korea’s LG Energy Solution.The development is crucial as it provides investors with a firmer read on Tesla’s supply chain plans at a time when battery sourcing has become important.The move also highlights Tesla’s growing focus on energy…

Rolls-Royce share price has dropped into a correction after falling by 13% from its highest level this year. RR dropped to 1,227p on Tuesday as challenges in the civil aviation industry continued. This article explores what to expect and whether it will bounce back this year.Rolls-Royce share price drops amid…

BYD has secured a 100,000-vehicle export order from its newly operational factory in Brazil, with shipments split evenly between Argentina and Mexico, according to Executive Vice President Stella Li.Separately, Rivian shares rose Monday after TD Cowen upgraded the stock and raised its price target, as investors focused on the company’s…

US stock futures are facing some pressure on Tuesday as the S&P 500 futures slipped 0.3% in early trading.The futures tied to other Wall Street indices were also trading in red with Nasdaq 100 futures declining over 0.4% while Dow Jones futures shedding over 120 points.The move comes as stock…

Amazon is stepping up its push into ultrafast delivery, rolling out one-hour and three-hour shipping options across parts of the US as competition in rapid fulfilment intensifies. The company announced on Tuesday that three-hour delivery is now available in approximately 2,000 cities and towns, while one-hour delivery has been launched…