The Nikkei 225 Index retreated by over 1.2% on Tuesday, continuing a downtrend that has been going on in the past few days. It retreated to a low of ¥52,930, down from the year-to-date high of ¥54,515. This retreat may continue if the Bank of Japan (BoJ) maintains a highly…
Pop Mart’s share price jumped by over 8% on Tuesday, its best performance in five months, as investors cheered its new share buyback program. It rose to an intraday high of H$ 198, up substantially from this month’s low of H$174. It remains 42% below its highest point this year.Pop…
Wise share price rose sharply on Tuesday after the British fintech giant published encouraging financial results and maintained its focus on executing a dual-listing. It rose by nearly 13%, reaching its highest level since November 25.Wise business is doing well despite rising competition Wise, formerly known as TransferWise, is a top…
Crypto mining hardware maker Canaan Inc. has received a warning from Nasdaq after its share price fell below the exchange’s minimum requirement, putting the company at risk of delisting unless it can regain its stock price within the next six months.The Nasdaq contacted Canaan on Wednesday to notify the company…
Anthropic, one of the top players in the artificial intelligence (AI) industry, is considering going public through an IPO later this year. It is also lining up a big capital raise before going public. Anthropic to raise funds ahead of its IPOThis year will be a big one for the initial…
Asian markets retreated at the start of the week as renewed trade tensions between the US and Europe rattled investors, while fresh data underscored slowing momentum in China’s economy. Sentiment was further shaped by surging safe-haven assets, warnings of a deepening global memory-chip shortage from Micron Technology, and the European…
The CAC 40 and DAX Index futures plunged by over 1% in the futures market as a conflict between the United States and Europe escalated during the weekend. The German DAX, which tracks the biggest companies in the country, retreated to €25,122 from its all-time high of €25,470. Similarly, the CAC…
UK government bonds offering minimal interest but favourable tax benefits are seeing a surge in demand. Investors are shifting into short-term, low-coupon gilts before billions of pounds are expected to return to the market from retail holders.Trading volumes climbed late last week, with these gilts outperforming other debt as investors…
Apple Inc. reclaimed the top position in China’s smartphone market during the holiday quarter, buoyed by a sharp rebound in iPhone shipments even as a deepening shortage of memory chips weighed on the broader industry.According to data from Counterpoint Research, Apple’s iPhone shipments in China rose 28% in the December…
Financial markets in Japan are reacting swiftly to growing speculation of a major tax shift ahead of an expected early election. While government bond yields are spiking over fiscal concerns, investors are pouring into food-related shares. The anticipated move to reduce or even scrap the sales tax on food has…