S&P 500 down 4% from Oct record high, Nasdaq off 7% from peak Volatility rising, indexes see biggest swings since April Tech stock declines, prospects for Dec Fed rate cut in focus NEW YORK, Nov 23 (Reuters) – Stock market investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest…
Ant Group’s new “vibe coding” artificial intelligence app LingGuang has overwhelmed servers after user downloads surpassed 1 million in just four days, hitting the milestone faster than OpenAI’s ChatGPT and Sora, according to the Chinese fintech giant. The app’s innovative functionality of generating applications in response to users’ text prompts was temporarily suspended on Thursday…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. 491,000 Japan-bound air tickets cancelled as China warns people to…
FTSE 100, FTSE 250 log weekly losses Reeves is expected to raise taxes next week ASOS shares drop on lower profit forecast Nov 21 (Reuters) – London’s FTSE 100 recovered ground on Friday, trimming earlier losses as increased expectations for Federal Reserve interest rate cuts improved global market sentiment, while investors now await next week’s…
The United States and China held “frank and constructive” maritime security talks in Hawaii this week, the Chinese navy said on Saturday, as the two countries continue restoring military communications after months of heightened trade tensions. The working-level meetings were held from Nov. 18 to 20, according to a statement posted on the official social…
BEIJING, Nov 22 (Reuters) – The U.S. and Chinese militaries this week held “frank and constructive” maritime security talks, the Chinese navy said on Saturday, as the two superpowers gradually restore military-to-military communications after several months of trade tensions. The working-level meetings took place November 18-20 in Hawaii, according to the official social media account…
AI stock valuations raise bubble concerns amid sharp pullbacks Buffett Indicator signals overvaluation, surpassing dot-com bubble levels Nasdaq’s AI rally mirrors early dot-com bubble stages, lacks runaway optimism NEW YORK, Nov 21 (Reuters) – The biggest bout of volatility in U.S. stocks in months has revealed cracks in the artificial intelligence-related rally, raising questions about…
US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence chips to China, according to people familiar with the matter, a contentious potential move that would mark a major win for the world’s most valuable company. US President Donald Trump’s team has held internal talks about H200 chip shipments…
Former president Mauricio Macri warned on Friday that Argentina could weaken its export base if it distances itself from China, sharpening his public split with President Javier Milei. “China is more complementary than the United States for Argentina. I do not think it is good to interrupt that process,” he said. A long-time Milei ally,…
The first test for a much-celebrated US–China trade truce is looming. US Treasury Secretary Scott Bessent hopes to finalise a rare earth deal by next week’s Thanksgiving holiday, but experts say a breakthrough is unlikely as the two sides maintain sharply different narratives of what was discussed and agreed on key issues. From rare earths…