Author: Journalist

As global markets experience a mix of optimism and uncertainty, with easing trade tensions and better-than-expected earnings reports driving U.S. stocks higher, the Asian tech sector stands out as a dynamic area for potential growth amid these shifting economic landscapes. In this environment, identifying promising tech stocks involves looking at companies that demonstrate resilience against trade disruptions and possess innovative capabilities to capitalize on emerging market opportunities. Name Revenue Growth Earnings Growth Growth Rating Suzhou TFC Optical Communication 28.00% 28.07% ★★★★★★ Fositek 29.02% 34.17% ★★★★★★ Range Intelligent Computing Technology Group 28.40% 29.29% ★★★★★★ eWeLLLtd 24.66% 25.31% ★★★★★★ Nanya New Material…

(Bloomberg) — President Donald Trump and his family have taken a interest in just about every corner of the crypto industry. Most Read from Bloomberg There are nonfungible tokens and digital collectibles; a decentralized finance project; a proposed stablecoin; an effort at Bitcoin mining; and a pair of memecoins, one for the president and one for First Lady Melania Trump. Taken together, the various projects are approaching $1 billion in paper gains even after accounting for the latest round of trade war-induced market gyrations, according to Bloomberg calculations based on publicly available data. Donald Trump is already the richest person…

(Bloomberg) — Stocks fell and bond yields rose, with Wall Street traders gearing up for inflation data that will help determine whether the Federal Reserve will cut or hold rates next week. Most Read from Bloomberg Just a day ahead of the consumer price index, the S&P 500 pushed further away from its all-time highs. Oracle Corp. sank on uninspiring results. Meantime, Alphabet Inc. rallied as analysts applauded the Google parent’s announcement of a major development in quantum computing through the use of its Willow quantum chip. Homebuilders got hit as Toll Brothers Inc.’s profit-margin projection fell short of estimates.…

Crypto Market Crash Triggers $1.5 Billion in Liquidations as Bitcoin Drops Below $95,000 The cryptocurrency market has seen a sharp decline over the past 24 hours, with Bitcoin falling to $94,100 before recovering to $97,800. The drop contributed to $1.5 billion in liquidations, affecting approximately 514,400 traders, according to Coinglass. Long positions accounted for $1.38 billion of the total liquidations, while short positions made up $136.7 million. Bitcoin liquidations totaled $163.4 million, with Ethereum accounting for $204.7 million. The broader market saw its capitalization shrink by 7.5%, reflecting significant losses across major cryptocurrencies. Ethereum dropped 8% below $3,800, while Ripple,…

The chief executive of Lloyds Banking Group, Charlie Nunn, has warned that a landmark legal ruling on motor finance commissions poses a significant threat to the UK economy and the consumer finance sector. Speaking at the Financial Times Global Banking Summit earlier this month, Nunn criticised the October Court of Appeal decision, which found that lenders cannot pay commissions to motor finance brokers without securing the customer’s fully informed consent. Charlie Nunn The ruling has created regulatory uncertainty, with expectations rising that the Financial Conduct Authority (FCA) may launch a multibillion-pound redress scheme to address breaches of now-banned discretionary commission…

A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower. With prices in quick retreat, bitcoin (BTC) at press time had fallen back to just above $95,000, down about 5% over the past 24 hours. Ether (ETH) was down 10% to $3,590. The broader CoinDesk 20 Index was lower by more than 8% over the same time frame, led by roughly 20% dives for Cardano (ADA), Avalanche (AVAX), and XRP (XRP). Over $750 million worth of leveraged derivatives positions were liquidated across…

Total asset finance new business (primarily leasing and hire purchase) grew in October 2024 by 4% compared with the same month in 2023, according to figures released by the Finance & Leasing Association (FLA). In the ten months to October 2024, new business was also 4% higher than in the same period in 2023. New business in the commercial vehicle finance and plant and machinery finance sectors grew in October by 12% and 8% respectively, compared with the same month in 2023. The new car finance sector reported a fall in new business of 7% over the same period. Commenting…

(Bloomberg) — South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from Bloomberg The benchmark Kospi Index dropped as much as 2.3%, and the small-cap Kosdaq Index slumped more than 4% to its lowest since April 2020. The won fell about 1% against the dollar, heading toward levels reached in the immediate aftermath of President Yoon Suk Yeol’s botched imposition of martial law early last week. Investors face the risk of a prolonged stalemate after Saturday’s impeachment motion…

There’s been something of a sea change in the economic outlook for 2025, in the aftermath of last month’s election. The prospect of a second Trump administration, with his known preference for deregulation and tax cuts, has market watchers expecting a growth-friendly environment. Desh Peramunetilleke, Jefferies’ Global Head of Quantitative Strategy, notes that reduced regulation, combined with the potential for lower corporate tax rates, could significantly boost the biotech sector, with smaller biotech stocks poised to benefit the most. “Our recent analysis concluded with a near-term preference for smaller-cap biotech names in the US… Trump’s win brings new market dynamics into…

(Bloomberg) — Asian stocks started the week with a cautious tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from China. Oil was steady after the Syrian government was toppled. Most Read from Bloomberg Korea’s equity benchmark dropped as much as 1.8% in opening trade, with Australian shares also slipping. Japanese stocks were flat. Futures pointed to a soft open in Hong Kong. The dollar and the yield on 10-year Treasuries were steady. Investors are readying themselves this week for a final flurry of central bank decisions across four continents, a key meeting of Chinese officials…