Market

Chinese Stocks Mixed As Data Shows China’s Factory Activity Growth Slowed In August

SINGAPORE — Shares in Asia-Pacific were mixed on Tuesday, as data showed slowing Chinese factory activity growth in August. In mainland China, the Shanghai composite rose 0.45% to close at 3,543.94 while the Shenzhen component shed 0.659% on the day to 14,328.38. China’s factory activity grew at a slower pace in August as compared with the previous month, data …

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Cathie Wood Says Michael Burry Doesn’t Understand Innovation Space After He Bets Against ARK Fund

Cathie Wood called out Michael Burry on social media after “The Big Short” investor placed a bet against her flagship ARK Innovation exchange-traded fund. “To his credit, Michael Burry made a great call based on fundamentals and recognized the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that …

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Malaysia Cuts Medical Tourism Goal On Tighter Border Control

KUALA LUMPUR: Malaysia’s aim to attract medical tourists by focusing on curbing the Covid-19 coronavirus outbreak hit a roadblock as resurgences around the world limited its ability to reopen borders. Hospitals in the country can expect to earn 800 million ringgit ($194 million) of revenue from medical tourists next year, compared with 500 million ringgit …

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3 Big Takeaways From Elon Musk, Jack Dorsey, And Cathie Wood’s Bitcoin Showdown

After weeks of hype, three of the tech world’s most prominent Bitcoin boosters took to the virtual stage Wednesday to discuss the value and potential of the benchmark cryptocurrency. Tesla CEO Elon Musk, Square and Twitter CEO Jack Dorsey, and ARK Invest CEO Cathie Wood came together for “The B Word,” a virtual conference cohosted by Wood’s investment …

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The 7 Trading Themes For Bursa In 2H2021, According To CGS-CIMB

KUALA LUMPUR (July 23): Investors of the Malaysian stock market could look into seven trading themes in the second half of 2021, particularly in the fourth quarter, says CGS-CIMB Research, which is expecting a potential market rebound amid the expected reopening of the economy post-vaccination. Its analysis suggests that the Government can achieve its target …

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3 Big Takeaways From Elon Musk, Jack Dorsey, And Cathie Wood’S Bitcoin Showdown

After weeks of hype, three of the tech world’s most prominent Bitcoin boosters took to the virtual stage Wednesday to discuss the values and potential of the benchmark cryptocurrency. Tesla CEO Elon Musk, Square and Twitter CEO Jack Dorsey, and ARK Invest CEO Cathie Wood came together for “The B Word,” a virtual conference co-hosted by Wood’s investment …

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Serba Dinamik declines 23% to new low of 41 sen, EPF continues to dispose shares

KUALA LUMPUR (June 25): Serba Dinamik Holdings Bhd declined 23% today to hit a new closing low, while substantial shareholder Employees Provident Fund (EPF) continued to dispose of its equity holdings in the open market. The counter remained in the red throughout the day, and had fallen as much as 24% to an intraday low …

Serba Dinamik declines 23% to new low of 41 sen, EPF continues to dispose shares Read More »

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