China’s housing market has been grappling with ongoing challenges, despite various government stimulus measures. JPMorgan economist Haibin Zhu believes that these efforts have not been sufficient in supporting the sector. In fact, Zhu predicts that the housing market crash in China is far from over, and home prices may not stabilize until at least 2025.
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The Asia-Pacific markets were mixed on Monday as investors analyzed China’s business activity numbers released over the weekend. China released its official purchasing managers’ index data for August. The manufacturing PMI fell to a six-month low of 49.1, a faster contraction compared to the 49.4 seen in July. The figure also missed the median forecast
The recent incursion of a Chinese naval survey vessel into Japanese waters has sparked yet another protest from Japan towards China. This marks the second time in less than a week that Chinese military ships have encroached on Japanese territory. Over the past few years, there has been a noticeable increase in Chinese military activity
As we approach September, it is essential to remember that this month has historically been a challenging one for Apple. Over the past decade, Apple’s shares have experienced an average loss of 3.5% in September, following gains of 6.5% in July and 4.8% in August. This trend suggests that investors tend to become less optimistic
Recently, Alibaba has successfully completed a three-year regulatory “rectification” process after facing an antitrust fine in 2021 for monopolistic practices. The State Administration for Market Regulation (SAMR) in China has been supervising Alibaba’s compliance with antitrust regulations during this period. As a result, Alibaba has made significant progress in aligning with regulatory requirements and has
Intel CEO Pat Gelsinger recently admitted that the company has faced a difficult few weeks following a disastrous earnings report. The stock price plummeted 26% after the report, marking one of the worst days for Intel on Wall Street in over 50 years. This decline has been part of a larger downward trend, with shares
While some may view the quick resurgence of market confidence as a positive sign, the head of asset allocation research at Goldman Sachs, Christian Mueller-Glissmann, warns that it should be cause for concern. The recent global sell-off in risky assets was followed by a speedy return of investor optimism, leading Mueller-Glissmann to liken the early
The world is currently experiencing an artificial intelligence boom that is driving the demand for more powerful processors and increasing the need for efficient cooling systems in data centers. This surge in demand presents a unique opportunity for companies like Sustainable Metal Cloud to innovate and revolutionize the way data centers operate. By leveraging cutting-edge
Recently, the Dow Jones Industrial Average hit a new high before experiencing a slight decline, reflecting the ongoing turbulence in the financial markets. This volatility has led investors to reassess their portfolios and consider alternative investment options. The S&P 500 and Nasdaq Composite also saw fluctuations, with tech stocks experiencing a decline while energy sector
The latest quarterly reports of major Chinese companies highlight the importance of being a stock picker in the local market. According to Lorraine Tan, director of Asia equity research at Morningstar, there has been outperformance in certain companies, but this has not been consistent across the board. The trend seems to reflect weakness in the