China is ramping up stimulus to boost market confidence — but is it enough?
There are rising expectations for more support from China to boost its economy and stock markets — especially after the PBOC’s easing announcements on Wednesday.
China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger
Official data showed unemployment rate among those aged 16 to 24 in the world’s second-largest economy was 14.9% in December, excluding those still in school.
Shares of Tesla suppliers in Asia take a beating after automaker misses targets
Tesla suppliers are trading lower after the U.S. automaker’s disappointing results. Other EV makers in Asia fell due to its downbeat production outlook for the year.
U.S. Navy sends first warship through Taiwan Strait post-election
The U.S. Navy said the destroyer USS John Finn transited through a corridor in the Taiwan Strait that was “beyond the territorial sea of any coastal state”.
Uranium prices could rally past 16-year highs as the world’s largest producer runs short
The uranium renaissance has a slight hitch: the world’s largest producer of the yellowcake is staring at production issues over the next two years.
S&P 500 closes higher for a sixth day, powered by strong GDP data: Live updates
The broad index rose as investors focused on GDP report and corporate earnings.
China and Hong Kong stocks lead gains in Asia as markets reverse course by afternoon trading
Hong Kong, China stocks lead gains in Asia as investors assess China policy measures. EV makers and suppliers of Tesla fall after the U.S. EV leader warned of volume growth.
SK Hynix logs surprise fourth-quarter profit, aims to be ‘total AI memory chip provider’
The world’s second-biggest memory chipmaker reported a 346 billion won ($259.77 million) operating profit for the October-December quarter.
China is ‘risky’ for supply chains and India a favored destination for U.S. firms, survey shows
Of the 500 executive-level U.S. managers surveyed by market research OnePoll, 61% said they would pick India over China if both could manufacture the same materials.
