Tag: Tech Sector
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Stock Rally Slows as China Signals Rare Earths Export Curbs
Overview: Markets Pause Amid New Sino-US Supply Signals The global equity rally that had investors hopeful about a swift resolution to the US government shutdown faced a setback in Asia after reports that China could partially constrain rare earths exports to the United States. The potentially tighter controls on strategic minerals reignited concerns about supply…
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Hong Kong Stocks Close Higher as Tech Sector Surges on AI Push
Market Overview Hong Kong’s equity market closed higher on October 2, with all main indices advancing. The tech sector led the charge, jumping more than 3% and hitting the strongest levels since November 2021. At the close, the Hang Seng Index rose 1.61% to 27,287.12, the Hang Seng Tech Index climbed 3.36% to 6,682.86, and…
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Nvidia Earnings: Stock Falls Despite Top-Line Beat As Sales Outlook Falters
Nvidia, a prominent leader in the graphics processing unit (GPU) market, reported its latest earnings this past week, showcasing a strong top-line performance that initially dazzled investors. However, the excitement quickly faded as the company revealed a tepid sales outlook for the coming months, leading to a noticeable decline in its stock price. As the…