Investing.com – Japan stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Tokyo, the added 0.18%. The best performers of the session on the were DeNA Co Ltd (TYO:), which rose 17.28% or 363.50 points to trade at 2,467.00 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:) added 14.80% or 700.00 points to end at 5,431.00
SHANGHAI (Reuters) – China’s semiconductor index leapt close to a three-year high on Monday (NASDAQ:) on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co’s shipments of advanced chips to Chinese customers could accelerate Beijing’s self-reliance efforts. TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the U.S. Department of Commerce imposing export restrictions on those products, Reuters reported on
By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) – India’s financial crime agency will summon Flipkart and Amazon (NASDAQ:) executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India’s $70 billion e-commerce
By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank (TYO:) Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currency-denominated gains. Analysts are also looking out for signs of new investment momentum driven by SoftBank’s robust balance sheet and management’s bullish stance on artificial intelligence (AI). The net profit forecast
(Reuters) – German automotive and industrial supplier Continental on Monday (NASDAQ:) cut its sales guidance for the second time this year, blaming weak demand in Europe and North America, even as it posted third-quarter core profit above expectations. Continental now expects sales for 2024 to be between 39.5 and 42 billion euros ($42.9 and $45 billion), down from the 40 to 42.5 billion euro range it gave in August. That
Investing.com – Taiwan stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in Taiwan, the rose 0.62% to hit a new 3-months high. The best performers of the session on the were Arima Communications Corp (TW:), which rose 350.24% or 7.39 points to trade at 9.50 at the close. Meanwhile, Parpro Corp (TW:) added 9.89% or 3.20 points
Investing.com – Australia stocks were lower after the close on Monday, as losses in the , and sectors led shares lower. At the close in Sydney, the declined 0.35%. The best performers of the session on the were Pointsbet Holdings Ltd (ASX:), which rose 8.99% or 0.08 points to trade at 0.98 at the close. Meanwhile, Omni Bridgeway Ltd (ASX:) added 4.71% or 0.04 points to end at 0.89 and
By Scott Murdoch SYDNEY (Reuters) – Australia’s HMC Capital will press ahead with the initial public offering of its data centres business that would be worth $A4 billion, according to its regulatory filings on Monday (NASDAQ:). A deal of that size would be the largest IPO in Australia this year. HMC Capital said the Digico Investment Trust (REIT) would have 13 data centres in its portfolio and 586 customers. Its
SINGAPORE (Reuters) – soared to record high of over $81,000 on Monday (NASDAQ:) as Donald Trump’s victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled from the year’s low of $38,505 it hit on Jan. 23. It was last at $80,829 in Asian hours having touched
Investing.com– Most Asian stocks fell on Monday (NASDAQ:) as fresh fiscal stimulus from China largely underwhelmed, while data over the weekend showed deflation in the country remained in play. Regional markets brushed off a strong lead-in from Wall Street, which rose on Friday and remained at record highs amid persistent optimism over a Donald Trump presidency. U.S. stock index futures rose in Asian trade, with focus turning to upcoming inflation
