Apple Inc.’s (NASDAQ: AAPL) newly launched third-generation iPhone SE may help the tech giant gain market share in important markets like China and India, according to Counterpoint Research.
Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.
The looming collapse of China Evergrande Group (OTC:EVGPF), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.
Shanghai Futures Exchange, China’s top commodity bourse, has paused nickel trading after prices hit their upper limit, a day after a similar surge prompted the London Metal Exchange to take similar action, Bloomberg News
Shares of U.S.-listed Chinese tech companies slumped in Hong Kong on Wednesday and weighed on the benchmark Hang Seng Index, which extended losses to a fourth straight day.
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Some are direct - like the price tag on the clothes you buy. Some are hidden - like sleepless nights as a new parent.
Key Takeaways:
Electric scooter maker Niu Technologies’ profit fell 18% in the fourth quarter, squeezed by rising material costs and growing competition
Company forecast revenue growth would slow to 20% to 30% in the first quarter from 47% in the fourth quarter
By Doug Young
With the Russian ruble sinking to fresh lows and global companies exiting the market, forecasts of a looming collapse of the $1.7 trillion Russian economy have grown since the Kremlin launched its military attacks on Ukraine less than two weeks