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SEOUL, South Korea (AFP) — Samsung Electronics on Tuesday flagged its first quarterly profit drop in two years, painting a grim outlook amid mounting competition from Chinese smartphone makers and declining chip prices. The South Korean tech giant — the world’s top maker of smartphones and memory chips — has enjoyed record profits in recent years despite a series of setbacks, including a humiliating recall and the jailing of its de facto chief. But operating […]
TOKYO, Japan (AFP) — Tokyo stocks closed up more than two percent on Monday, after European and US markets roared last week on strong US data and dovish comments from the US Federal Reserve. The benchmark Nikkei 225 index added 2.44 percent, or 477.01 points, to end at 20,038.97 while the broader Topix index jumped 2.81 percent, or 41.37 points, to 1,512.53. In recent weeks, investors have aggressively sold down Tokyo shares on general worries […]
HONG KONG, China (AFP) — Asian markets rallied Monday after a blockbuster performance on Wall Street as US jobs data beat forecasts and the head of the Federal Reserve hinted at a slower pace of interest rate hikes. China’s move to make it easier for banks to lend also provided support to equities, while investors keep an eye on Beijing as negotiators begin talks to end a trade war between the world’s top two economies. […]
TOKYO, Japan (AFP) — Tokyo stocks opened up more than 3.0 percent on Monday, following European and US markets that roared last week on strong US data and dovish comments from the Federal Reserve. The benchmark Nikkei 225 index added 3.06 percent, or 598.00 points, to 20,159.96 in early trade while the broader Topix index jumped 3.05 percent, or 44.83 points, to 1,515.99. The robust open in Tokyo came as global investors embraced a strong […]
by Ben PERRY Agence France-Presse NEW YORK, United States (AFP) — Stock markets retreated Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping around $75 billion from the company’s value and denting global investor sentiment. Apple late on Wednesday cut its revenue outlook for the latest quarter, citing steeper-than-expected “economic deceleration” in China and emerging markets, factors that have contributed to sharp falls across stock markets since late last year. Sentiment […]
TOKYO, Japan (AFP) –Tokyo’s key Nikkei index plunged more than two percent on Friday, hit by a surge in the yen and sell-offs on Wall Street amid worries over the US economy. In its first trading session of 2019, the benchmark Nikkei 225 lost 2.26 percent or 452.81 points to close at 19,561.96 as it was catching up with other markets after the New Year’s break. The broader Topix index lost 1.53 percent or 22.93 […]
SAN FRANCISCO, United States (AFP) — Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected “economic deceleration” in China and emerging markets. The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry, in part because of trade frictions between Washington and Beijing. Apple shares slid some 7.6 percent in after-hours trade on the news. The company slashed its revenue guidance for the first fiscal quarter of 2019, […]
HONG KONG, China (AFP) — There was no respite for Asian investors Friday as most regional markets suffered more losses, with Tokyo tanking three percent and technology firms taking another hiding after Apple’s shock revenue warning. The new year has proved so far to be anything but happy on trading floors as dealers face a confluence of issues including the China-US trade war, China’s stuttering economy, the US government shutdown and Brexit. Apple has been […]
WASHINGTON, United States (AFP) — Hiring by private US companies surged unexpectedly in December, rising to its highest level in nearly two years as employers beefed up staffing levels in the holiday period, a survey showed Thursday. The result shattered economists’ forecasts, showing that employers continued to add workers despite fears of a slowing economy, a stock market slump and a trade war with China. The private sector added 271,000 net new positions for the […]
BERLIN, Germany (AFP) — US chipmaker Qualcomm said Thursday it had fulfilled the requirements set out by a court in a patent dispute case against Apple to ban the sale of older iPhone models in Germany. The court in the German city of Munich had ruled in favor of Qualcomm last month but said an injunction banning sales of affected iPhones could only be imposed immediately if the company put down a security deposit. “(Qualcomm) […]
HONG KONG, China (AFP) — Hong Kong stocks fell again Thursday, extending the previous day’s losses as technology firms were hit by Apple’s decision to slash its revenue forecast for the December quarter citing slowing Chinese sales. The Hang Seng index slipped 0.26 percent, or 65.99 points, to close at 25,064.36. The benchmark Shanghai Composite Index was slightly lower, dipping 0.93 points to 2,464.36, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, […]
HONG KONG, China (AFP) — Most Asian markets rose Thursday after the previous day’s sharp losses but technology firms fell after Apple slashed its revenue forecasts blaming slowing China sales. The yen pared early sharp gains from a flash crash, which saw the dollar briefly plunge to its lowest level since March after the Apple announcement, while the Australian dollar hit a 10-year low against the greenback. Investors trod cautiously as bargain-buyers capitalized on Wednesday’s […]
