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Time of India
30-05-2025
- Business
- Time of India
Asian stocks fall as US court revives Trump tariffs: Nikkei and Hang Seng drop 1.4%, Shanghai slips 0.5%
Representational AI image Asian stock markets slipped on Friday after a court ruling in the United States that gave president Donald Trump's tariff policies a temporary reprieve. The stocks had improved the previous day when a lower court had termed them unconstitutional. The Nikkei in Tokyo and the Hang Seng in Hong Kong dropped 1.4% on Friday, while Shanghai's Composite Index slipped 0.5%. Sydney and Seoul also fell, though markets in Wellington and Manila showed modest gains. The yen gained strength after inflation data from Tokyo came in higher than expected, increasing the likelihood of an interest rate hike by the central bank in July. The decline in Asian equities comes after Wall Street ended flat, with slight gains across the Dow and other main indexes. Weak US economic data, including a revised GDP contraction in early 2025 and disappointing jobless and housing numbers, added to the cautious mood. The legal tug-of-war over Trump's tariffs is now expected to reach the Supreme Court. A federal judge had earlier ruled that the administration exceeded its authority in imposing the levies, a judgment Trump called 'horrible' and urged to be overturned. "Backroom 'hustlers' must not be allowed to destroy our nation!," Trump wrote on Truth Social. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo A separate ruling by a federal district judge in Washington, DC also declared some of the tariffs unlawful, giving the administration 14 days to file an appeal. Despite the legal blocks, Trump allies insist that the administration will continue pushing its trade agenda. AFP quoted economists like Rodrigo Catril of National Australia Bank, warning that the fight only adds another layer of uncertainty. "The only thing that looks more certain is more uncertainty, which is set to lead to a further pullback in investment decision and hiring," said Cartil. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
14-04-2025
- Business
- Yahoo
Global stock markets up amid Trump tariffs exemptions for electronics
Major stock markets in Asia and Europe rose in Monday trading following the U.S. announcement that key consumer electronics would be temporarily exempted from President Donald Trump's reciprocal tariffs. Hong Kong's Hang Seng index led the regional gains, closing 2.4% up with the Hang Seng Tech Index up more than 2%. On the mainland, Shanghai's Composite Index rose 0.76% and Shenzen's Component Index rose 0.51%. In Japan, the Nikkei 225 in Tokyo rose 1.18% while the broader Topix index rose nearly 0.9%. Elsewhere, South Korea's Kospi index grew 0.95% and Australia's S&P/ASX 200 closed 1.34% higher. Taiwan's Taeix index slipped by 0.08%. Tech stocks performed particularly well. Tokyo Electron grew 2%, Advantest -- a testing equipment maker -- rose 5.4% and South Korea's Samsung Electronics gained 1.4%. In Europe, the pan-continental STOXX 600 rose 1.8% on opening. Germany's DAX index rose more than 2%, France's CAC 40 rose 1.9% and Britain's FTSE 100 rose 1.95%. U.S. futures were also trending up. Dow Jones futures were up 0.71% as of Monday morning, S&P 500 futures were up 1.19% and Nasdaq futures up 1.57%. Smartphones, computers, flat panel TV displays, memory chips, semiconductor-based storage devices and other electronics are among the items excluded from the Trump administration's reciprocal tariffs, according to a bulletin from the U.S. Customs and Border Protection published Friday night. The news suggested possible relief for tech companies concerned by Trump's 145% tariffs on all goods from China. But the president and his economic advisers stressed over the weekend that any reprieve would be temporary, with specific tariffs to be imposed on goods put under a new national security classification. Trump posted to Truth Social on Sunday saying there was "was no Tariff 'exemption' announced on Friday" and that semiconductor tariffs will "just be moving to a different Tariff 'bucket.'" "NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!" Trump wrote. "We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations," Trump added. Trump did not push back Saturday night when a reporter asked for details on "exemptions." "I'll give you that answer on Monday. We'll be very specific on Monday," Trump said. "We're taking in a lot of money. As a country, we're taking in a lot of money." ABC News' Selina Wang, Fritz Farrow and Joe Simonetti contributed to this report. Global stock markets up amid Trump tariffs exemptions for electronics originally appeared on
South China Morning Post
10-03-2025
- Business
- South China Morning Post
Chinese pork producer Muyuan mulls US$1 billion secondary Hong Kong listing
Muyuan Foods, one of the world's biggest pig breeders and pork producers, is considering a second listing in Hong Kong that may help it to raise at least US$1 billion, according to people familiar with the situation. Advertisement The Chinese company is seeking to hire banks to prepare for a possible share sale that could take place as soon as this year, the people said, asking not to be identified as the information is not public. Deliberations are ongoing and details including size and timing could change, the people said. Representatives for Muyuan did not immediately respond to requests for comment. Founded in 1992, Muyuan listed in Shenzhen in 2014. Its shares have dropped about 3 per cent this year, and 19 per cent from the end of September, giving the company a market value of 204 billion yuan (US$28 billion). The Shenzhen Stock Exchange Composite Index has risen about 6 per cent this year. Electric vehicle battery maker CATL is likely to raise funds in Hong Kong this year. Photo: Reuters China has faced a glut in many agricultural products, including pork, whose output surged as the country recovered from a widespread outbreak of African swine fever. The surplus in supply and weaker demand for meat as the economy falters are expected to weigh on pig farmers' margins this year. Advertisement
Yahoo
31-01-2025
- Business
- Yahoo
Advanced Micro Devices (AMD): Leading AI and Gaming Chip Innovations
We recently published a list of . In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against Coatue's other most important AI stocks. Artificial intelligence (AI) has fueled a major rally in the technology sector, driving up key market indices. Over the past year, the S&P 500, heavily influenced by tech giants, has risen by nearly 22%, while the tech-heavy NASDAQ Composite has surged over 26%. Initially, market analysts had predicted an increase in interest around growth options for 2024 due to easing inflation and potential rate cuts. However, AI has taken this expected interest and amplified it into an economy-wide wave of optimism. While tech stocks have been the primary beneficiaries, AI's influence is expanding across industries such as manufacturing, supply chain, transportation, entertainment, and retail. Investment in AI is growing rapidly across various sectors. A recent Goldman Sachs report estimates that global businesses will invest nearly $1 trillion in AI infrastructure over the next few years. Venture capital (VC) investments in AI startups are also on the rise. In the first half of 2024 alone, VC firms made approximately 200 AI-related deals, injecting nearly $22 billion into the sector. The average AI startup funding round now exceeds $100 million, with company valuations averaging over $1 billion. In contrast, non-AI startups typically receive around $20 million in funding and have valuations near $200 million, indicating AI's outsized appeal to investors. Companies that were early adopters of AI have experienced significant gains, particularly those specializing in graphics processing units (GPUs), AI chips, and generative AI technologies. The median returns of AI-linked firms in the S&P 500 stand at 20%, compared to just 2% for non-AI stocks. AI companies are also responsible for 90% of the total returns on the NASDAQ Composite Index. These gains are expected to drive earnings growth and contribute to broader economic expansion. According to Joseph Briggs, a senior global economist at Goldman Sachs, AI is projected to automate 25% of all work tasks in the next decade, increasing US productivity by 9% and boosting GDP growth by more than 6%. Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs. Philippe Laffont of Coatue Management argues that AI could be the start of a new 'super cycle' in the tech industry. Previous cycles included the rise of personal computers in the 1980s, networking in the 1990s, wired internet in the 2000s, and mobile internet in the 2010s, leading to the cloud era. However, software and internet experts Kash Rangan and Eric Sheridan highlight a key difference: this time, companies are linking AI investments directly to revenue generation, providing a financial safety net that was absent in past cycles. Since the launch of ChatGPT by OpenAI in early 2023, the industry's focus has shifted from software to AI hardware and infrastructure. AI infrastructure companies have collectively added nearly $6 trillion to their market capitalization since Q1 2023. Before large-scale AI automation becomes commonplace—MIT economist Daron Acemoglu estimates this will take more than a decade—AI infrastructure is expanding into areas such as utilities, energy, internet, and industrials. Interestingly, companies in these sectors that support AI development have posted returns rivaling those of traditional AI firms. The growing demand for AI-driven data centers is also driving investments in the energy and utilities sectors. Goldman Sachs analysts Carly Davenport and Alberto Gandolf expect AI adoption to drive a surge in electricity demand not seen in decades. However, whether AI's growth will align with energy infrastructure investments remains uncertain due to regulatory constraints and supply chain limitations in the utilities sector. Even if necessary investments materialize, their full benefits may take years to reach AI companies. Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities. Some investors remain cautious, fearing an AI bubble similar to the dot-com crash of the early 2000s. However, current data suggests that AI valuations are far more grounded than those of the dot-com era. At the height of the dot-com bubble, software firms traded at price-to-earnings (P/E) ratios of 132x, compared to a five-year average of 37x in 1999. In contrast, in 2023, even the biggest AI stocks had P/E ratios around 39x, with a five-year average of 40x. These figures suggest that AI valuations are not overinflated, reinforcing investor confidence in AI's long-term potential. AI companies are increasingly targeting multi-trillion-dollar valuations, comparable to today's largest software and internet firms. Over the past decade, tech giants have scaled their businesses to unprecedented levels, combining billions of users, hundreds of billions in revenue, and tens of billions in net income. Today, a handful of firms account for 80% of the valuation of the Fortune 500. These companies dominate industries such as smartphones, e-commerce, cloud computing, and software-as-a-service (SaaS), all of which AI is poised to disrupt. As a result, these firms are aggressively incorporating AI into their business strategies to maintain market leadership. Some investors worry that AI firms could overshadow software companies, impacting long-term valuations. The price-to-sales (P/S) ratio for software stocks, which peaked in 2021, is now at an all-time low. Slower earnings growth has also contributed to negative sentiment in the sector. Coatue's research shows that over the next twelve months, only 1% of SaaS companies expect 30% earnings growth, down from 30% during the SaaS boom. However, as human-machine interaction shifts towards natural language processing and generative AI, software companies that successfully integrate AI into their platforms are likely to thrive. As inflation cools, rate hikes ease, and prospects for a soft economic landing improve, AI's macroeconomic outlook remains strong. AI is now the primary driver of future earnings growth in the S&P 500. According to Coatue's projections, AI-linked stocks are expected to grow at a compound annual rate of nearly 20% over the next three years, outperforming non-AI stocks by approximately 14%. Additionally, 40% of future tech sector earnings are expected to be fueled by AI advancements. All available data points to a bright future for AI investments, with its influence extending far beyond traditional tech firms. As companies continue integrating AI into their operations, productivity and economic growth are set to accelerate, making AI one of the most transformative forces in modern history. For this article, we selected AI stocks by combing through a note on the AI industry by Coatue Management. These stocks are also popular among other hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). A close up of a complex looking PCB board with several intergrated semiconductor parts. Number of Hedge Fund Holders: 107 Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. As per the report for the third quarter of 2024, the company reported revenue of $6.8 billion, gross margin of 50%, operating income of $724 million, and net income of $771 million. This demonstrates robust financial health, with strong sales, healthy margins, and efficient cost management, positioning the company as a solid performer in the market. In addition, the new AMD Instinct MI325X accelerators deliver leadership performance and memory capabilities for the most demanding AI workloads. AMD also shared new details on next-gen AMD Instinct accelerators planned to launch in 2025 and 2026. Advanced Micro Devices (NASDAQ:AMD) has also announced its new gaming products, Ryzen 9900X3D and 9950X3D Series desktop processors, offering unprecedented performance for desktop gamers. Overall, AMD ranks 10th on our list of Coatue's most important AI stocks. While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Levi Shares Tumble as Full-Year Guidance Disappoints
(Bloomberg) -- Levi Strauss & Co.'s shares fell after the clothing company delivered weaker than expected full-year guidance, forecasting a revenue decline that follows a year of mixed earnings reports. Trump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump's Spending Freeze Memo Manhattan's Morning Commute Time Drops With New Congestion Toll US Students' Reading Scores Drop to Worst in More Than 20 Years Texas HOA Charged With Discrimination for Banning Section 8 Renters The San Francisco-based retailer is expecting revenue to fall 1% to 2% in fiscal 2025, missing analyst expectations for growth. The shares fell 7.7% in postmarket trading in New York. The company's stock has gained 9.1% over the last 12 months, trailing the New York Stock Exchange Composite Index, which has risen 17%. The company said it expects net revenue to fall in 2025 because of the weakness of foreign currencies, one fewer week in the fiscal year, an exit from the footwear business and the discontinuation of its Denizen brand. 'We recognize there continues to be a lot of uncertainty related to the macro environment, potential tariffs, changes in the tax code as well as worsening foreign exchange,' the company's chief financial and growth officer, Harmit Singh, said on a call with analysts. Levi is still considering a sale of its Dockers brand, Chief Executive Officer Michelle Gass said. For the fourth quarter, Levi reported revenue of $1.8 billion, ahead of analyst estimates, with growth in both its wholesale and direct-to-consumer sector. Sales in the Americas, Europe and Asia were all stronger than anticipated in the quarter. The positive result follows a couple of disappointing quarters during fiscal 2024 that sunk shares. 'We're really making this pivot from being a bottoms business to a head to toe denim lifestyle business,' Gass said in an interview with Bloomberg News. She added on the call with analysts that categories outside of denim pants, including shirts, skirts and dresses, now represent about 40% of the business and are growing. Consumer companies are faced with shoppers that are squeezed by years of high inflation and focused on essentials like groceries. A number of retailers announced holiday sales earlier this month, with some names like Lululemon finding a bright spot, while others, such as Macy's Inc., offering downbeat guidance. Levi is introducing a new metric — organic net revenue growth — which is anticipated to be up 3.5% to 4.5% in the fiscal year. The new measure, which Levi's says better captures the company's 'underlying growth,' excludes items such as foreign exchange, divested businesses and acquisitions. (Adds context in fourth, fifth and sixth paragraph. A previous version corrected the spelling of the Levi CEO's last name.) Indy Pass, the Anti-Vail Seasonal Ski Ticket, Is Gaining Fans What America's Tech Billionaires Really Bought When They Backed Donald Trump Musk Pitches New Narrative as Tesla Sales Fall Forget Factories, Small US Towns Want Buc-ee's Gas Stations The CDC Won't Give the Public a Full Picture of Fertility Treatment Risks ©2025 Bloomberg L.P.
