Australia PMI Manufacturing Finalized at 52.0 as Orders Strengthen but Output Slips

Australia PMI Manufacturing Finalized at 52.0 as Orders Strengthen but Output Slips

Australia’s manufacturing sector held in modest expansion in August, with PMI Manufacturing unchanged at 52.0. Underlying demand strengthened, however, as new orders rose at fastest pace since January and new export orders returned to growth after a marginal decline in July. Business confidence also improved for a fourth consecutive month to highest level since February,…

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The Nasdaq Has Fallen in 48% of Septembers Since 1971. Here’s What That Means for Nvidia and Micron.

The September Effect is a persistent calendar anomaly in the capital markets, as stocks tend to deliver weaker returns in September than in any other month. This matters because it is not merely a statistical oddity. Institutional investors, mutual funds, and individual traders treat September as a period of heightened risk, a perception that becomes…

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Land tender for flagship Northern Metropolis tech hub draws 6 bids

    Land tender for flagship Northern Metropolis tech hub draws 6 bids

    Hong Kong’s flagship technology hub at the border received a better-than-expected six bids from conglomerates and hi-tech firms for its inaugural land tender by the deadline on Monday, with industry leaders describing the project as a springboard for mainland Chinese firms going global. The Loop Hong Kong Park Company, which operates the Hong Kong-Shenzhen Innovation…

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    Toyota to build next-gen Lexus EV in China first in major shift for Japanese giant – report

    Toyota is set to build a next-generation electric vehicle (EV) in China before Japan, marking a major shift in the Japanese automaker’s approach to developing and manufacturing its most advanced models. According to a report from Nikkei Asia, the new-generation model will be an electric SUV sold under the Lexus luxury brand, with production scheduled…

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