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2 minute read

Alibaba, JD Surge Over 8%: Hang Seng Shoots Up On Tech Rally

Today, 2:50 PM

Hong Kong stocks opened in the green on Thursday, with the benchmark Hang Seng gaining 2.8% in morning trade. The rally was led by tech stocks, with Alibaba and JD.com gaining over 8% and 9%, respectively. Shares of Meituan and Tencent Holdings gained over 4%.

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2 minute read

Alibaba, Nio Mixed: Hang Seng Trades Flat As Inflation Data Eyed, China COVID-19 Lockdowns Weigh

Today, 2:50 PM

Hong Kong shares were trading flat on Friday, with the benchmark Hang Seng edging just 0.05% up, ahead of the release of the inflation report in the city. Shares of Alibaba rose 0.72% in morning trade, while Xpeng shares gained over 5%.

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1 minute read

India-Made iPhone Exports Meets With Success As China’s COVID-19 Lockdowns Weigh

By Anusuya Lahiri

Today, 2:50 PM

Apple Inc's (NASDAQ: AAPL) iPhone exports from India crossed $1 billion in the five months since April.

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1 minute read

China’s Lockdown Of Tech Hubs To Hamper Amazon, Walmart’s Online Delivery: Report

By Anusuya Lahiri

Today, 2:50 PM

China’s recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg…

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1 minute read

Read Why Apple Is Leaning Towards China’s Supply Chain Partners

By Anusuya Lahiri

Today, 2:50 PM

Apple Inc (NASDAQ:AAPL) has increased its reliance on Chinese supply chain partners, including Luxshare, which could oust Foxconn Technology Co…

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1 minute read

Foxconn Sees Supply Chain Crisis Lasting Till 2022, Bets On EV Partner Lordstown Motors

By Anusuya Lahiri

Today, 2:50 PM

Apple Inc (NASDAQ:AAPL) supplier Foxconn Technology Co Ltd (OTC:FXCOF) expects global supply-chain crunch to last until the second half of 2022, the…

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1 minute read

Why Did Roku Shares Gain Today?

By Anusuya Lahiri

Today, 2:50 PM

Sharp Corp (OTC:SHCAY) will sell smart televisions equipped with Roku Inc (NASDAQ:ROKU) streaming abilities in the U.S. from spring 2022, returning…

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1 minute read

Semiconductor Chip Crisis Could Finally Weigh On This Ace Smartphone Maker

By Anusuya Lahiri

Today, 2:50 PM

Apple Inc’s (NASDAQ:AAPL) iPhone, Mac, or iPad appears unscathed from the seething chip crisis so far, Apple Insider reports. It…

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1 minute read

Central China Flood Hampers Apple’s Biggest iPhone Production Site: WSJ

By Anusuya Lahiri

Today, 2:50 PM

Critical flood in Central China temporarily cut the power at Apple Inc's (NASDAQ: AAPL) biggest iPhone manufacturing site, the

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1 minute read

News
Tech

Nidec, Foxconn, Foxtron In Discussions To Establish EV Joint Venture

By Anusuya Lahiri

Today, 2:50 PM

Nidec Corp (OTC:NJDCY) agreed to discuss a joint venture (JV) with Hon Hai Technology Group, better known as Foxconn Technology Co Ltd (OTC:FXCOF),…