|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Asian Equities Slip as Weak China Earnings Raise Economic Concerns
Aug 28, 2024 at 06:28 am
Traders are also awaiting Nvidia Corp.’s results for cues on the growth momentum of artificial-intelligence related stocks.
Asian equities slipped on Wednesday as weak corporate earnings in China raised fresh concerns over its flagging economy. Two-year Treasury yields fell three basis points.
**Major Headlines**
* Chinese stocks in Hong Kong fell as much as 1.5%, while those in the mainland declined to their lowest since early February.
* Bottled water maker Nongfu Spring shares plunged as much as 13% after posting the slowest half-year profit growth in four years.
* Weak sentiment toward China reemerged following disappointing outlook guidance earlier this week from e-commerce firm PDD Holdings, adding to other disappointing results this season.
* Cnooc Ltd., BYD Co. and Meituan are all set to report on Wednesday.
* Later in the US, investors will be looking for any clues on whether the artificial-intelligence euphoria has more room to run with the world’s currently most influential stock, Nvidia, set to report earnings.
* The yen extended losses to 0.07% against the dollar, heading toward the 144.50 barrier, following comments from Bank of Japan’s Deputy Governor Ryozo Himino.
* Seven & i shares slipped after the operator of 7-Eleven stores applied for a defensive measure as it anticipates being approached by potential buyers following an expression of interest from Alimentation Couche-Tard.
* Japanese consumer electronics company Sony saw its shares climb as much as 2.7% after saying it will hike the price of its PlayStation 5 in Japan.
* In other Asian corporate developments, shares of China’s top-selling automaker BYD fell as much as 3.1% in Hong Kong despite saying it sees overseas deliveries to account for almost half of total sales in the future.
* Fortescue shares dipped as much as 2.7% after the fourth-largest iron ore miner reported full-year profit that missed analyst forecasts, owing to inflationary pressures and a slowdown in demand from biggest customer China.
* Bitcoin fell below the $60,000 level early Wednesday as part of a broad crypto market retreat that included a sharp drop in second-largest token Ether.
* Oil was steady after sliding in the previous session to end a three-day rally. Gold retreated after a three-day advance that’s taken it closer to its all-time high.
**Get More**
* Nvidia Earnings: Investors Brace for Big Swings as Tech Giant Reports
* Seven & i Applies for Defensive Measure as Takeover Interest Emerges
* Sony to Raise PlayStation 5 Price in Japan, Citing Strong Demand
* China’s BYD Sees Overseas Deliveries Accounting for Half of Sales
* Bitcoin Slides Below $60,000 in Broad Crypto Market Retreat
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Traders see Bitcoin hitting $85,000, but is the election really that key?
- Sep 25, 2024 at 08:55 am
- Bitcoin's potential price movement ahead of the upcoming election was the central topic of discussion, with experts offering differing views on when capital
-
- SMART DPP Unveils Multi-Chain Digital Product Passport SaaS and Polygon PoS Integration at Milan Fashion Week SS'25
- Sep 25, 2024 at 08:55 am
- SMART DPP, a straightforward, one-click solution for digital product passports, tailored for brands, is thrilled to announce the launch of SMART DPP
-
- XRP Price Prediction: Will Ripple's Native Token Break Out as Bulls Defend $0.5785 Support?
- Sep 25, 2024 at 08:55 am
- XRP, Ripple's native token, is witnessing intense action as bulls fiercely defend a key support level of $0.5785. As the price consolidates and eyes resistance points at $0.5920 and $0.600, many are asking if XRP is poised for a breakout.
-
- Valhalla Partners with Alliance to Introduce Web3 Gaming to Esports Audience
- Sep 25, 2024 at 08:25 am
- Floki is proud to announce that Valhalla, an innovative Web3 play-to-earn game, is in a groundbreaking partnership with Alliance, a leading global esports organization.
-
- Binance Fixed Rate Loans: Safely Borrow and Lend Stablecoins at Adjustable Fixed Interest Rates
- Sep 25, 2024 at 08:15 am
- Binance, the world's largest crypto ecosystem by trading volume and user numbers, has launched a lending facility, Binance Fixed Rate Loans.
-
- NFL Legend Brett Favre Reveals Parkinson's Disease Diagnosis After 'Thousands' of Concussions
- Sep 25, 2024 at 08:15 am
-
- Versa Director Flaw Leads to API Exploit, Affects SD-WAN Customers
- Sep 25, 2024 at 08:15 am
- Vulnerabilities in Versa Director are never a small matter, as the platform manages network configurations for Versa's SD-WAN software
-
- Get Ready for the Next Altcoin Season: Discover the Top Contenders Set to Deliver Massive Gains in October 2024
- Sep 25, 2024 at 08:15 am
- Investors are keen to find out which coins could offer incredible returns. Discover the top contenders set to deliver massive gains in the upcoming bullish cycle.
-
- Advisors Are "Allocating to Cryptocurrency" in Their Portfolios, Bitwise CIO Matt Hougan Says
- Sep 25, 2024 at 08:15 am
- Bitwise Chief Investment Officer Matt Hougan has recently highlighted a growing trend of top financial advisors “allocating to cryptocurrency” in their portfolios.