Latest news with #market
South China Morning Post
an hour ago
- Business
- South China Morning Post
Huawei returns to the top of China's mobile phone charts for first time in 4 years: IDC
Huawei Technologies topped mainland China's smartphone market in the second quarter – the first time in four years – 'underscoring its strong brand appeal and effective shipment management', according to International Data Corporation (IDC). However, China's smartphone sales shrank 4 per cent to 69 million units in the April to June quarter due to weak consumption and reduced government subsidies for electronic devices, data from the consultancy released on Tuesday showed. It was the first quarterly contraction after six consecutive periods of growth, according to IDC. Shenzhen-based Huawei, which divested the Honor smartphone brand in 2020, accounted for 18.1 per cent of the mainland's market, although its shipments dropped 3.4 per cent from a year ago to 12.5 million units. Vivo and Oppo came in second and third, respectively, while fourth-ranked Xiaomi was the only one in the top five to record a growth in shipments. Xiaomi, with a focus on the 'value-conscious customer base', posted a 3.4 per cent increase in shipments to 10.4 million units, IDC said. Huawei was the top smartphone seller in China in the second quarter. Photo: EPA-EFE Fifth-placed Apple saw a quarterly shipment decline of 1.3 per cent – the least among the top five, as it 'leveraged strategic price adjustments that made specific iPhone 16 and 16 Pro variants eligible for government subsidies', said Will Wong, senior research manager for client devices at IDC in Asia-Pacific.
News.com.au
3 hours ago
- Business
- News.com.au
Closing Bell: ASX rolls back yesterday's gains as info tech stages recovery
ASX beats hasty retreat from new record high, down 0.79pc Info tech rises against the tide, adding 0.85pc Banks and financial stocks struggle alongside materials sector, leading losses Info tech fires up despite dour market The ASX unwound all its progress from yesterday, ending the day down 0.79% with nine sectors falling. It was again responding to chaos in US markets. US CPI came in hotter than desired, putting a damper on a potential rate cut from the Fed Reserve. US markets were also shaken by Treasury secretary Scott Bessent announcing the White House had initiated a formal process to remove Fed chair Jerome Powell before his term expires next year. Adding to the mix, Trump threw around some fresh rhetoric about pharmaceutical and semiconductor tariffs, but as usual we'll have to wait and see what comes of that. In the meantime, the financial sector led losses, shedding 1.36% alongside a depleted materials sector. The info tech sector staged a strong recovery though, rising 0.85% after falling 0.35% in the first half hour of trade. It was the only index to climb, adding 0.64%. Tech stocks were one of the few silver linings in an otherwise difficult day of trading. Payment management company Tyro (ASX:TYR) shot up 7.2%, analytics and intelligence firm Nuix (ASX:NXL) added 7.5%, SaaS software provider Infomedia (ASX:IFM) climbed 4.4% and big cap Megaport (ASX:MP1) added 6.2%. Banks sold down as market struggles One of the bigger victims of today's sell down was the seven major banking stocks. Their index plunged 1.6%. National Australian Bank (ASX:NAB) has been under fire in recent days, as major shareholders raise concerns about chief executive Andrew Irvine's management style and lifestyle choices. Not surprising then that NAB led banking losses, down 3.18%. Retail investor favourite Commonwealth Bank (ASX:CBA) slid 1.2%, ANZ Group (ASX:ANZ) 0.79%, Westpac (ASX:WBC) 1.57%, Macquarie (ASX:MQG) 0.77%, QBE (ASX:QBE) 1% and Suncorp (ASX:SUN) 0.49%. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Code Name Last % Change Volume Market Cap MIOR Macarthur Minerals 0.003 200% 447404 $99,833 FTC Fintech Chain Ltd 0.004 100% 1592539 $1,301,539 KNG Kingsland Minerals 0.145 53% 290323 $6,893,287 ERL Empire Resources 0.006 50% 1546439 $5,935,653 EEL Enrg Elements Ltd 0.002 33% 1912486 $4,880,668 AKN Auking Mining Ltd 0.006 33% 37340109 $3,096,523 PV1 Provaris Energy Ltd 0.017 31% 4193417 $10,101,617 OEQ Orion Equities 0.195 30% 28466 $2,347,384 AX8 Accelerate Resources 0.009 29% 2097369 $5,720,321 CPM Cooper Metals Ltd 0.048 26% 294686 $2,977,515 PR1 Pure Resources Limited 0.125 25% 440609 $4,600,879 ASN Anson Resources Ltd 0.09 25% 14901420 $99,845,031 CUL Cullen Resources 0.005 25% 250433 $2,773,607 MEG Megado Minerals Ltd 0.04 25% 1909655 $20,661,864 PIL Peppermint Inv Ltd 0.0025 25% 343838 $4,602,180 PPG Pro-Pac Packaging 0.02 25% 352939 $2,907,003 PPY Papyrus Australia 0.01 25% 136062 $4,581,454 RLG Roolife Group Ltd 0.005 25% 2019881 $6,371,125 LKY Locksley Resources 0.115 24% 26061959 $17,050,000 CP8 Canphosphateltd 0.074 23% 187789 $18,405,632 SNS Sensen Networks Ltd 0.037 23% 20027 $23,791,124 IBX Imagion Biosys Ltd 0.017 21% 27940131 $2,818,780 RPG Raptis Group Limited 0.12 20% 140947 $35,068,485 AYT Austin Metals Ltd 0.003 20% 181536 $3,960,478 BNL Blue Star Helium Ltd 0.006 20% 145568 $13,474,426 Making news... Lumos Diagnostics (ASX:LDX) has cleared a path to enter US markets, inking a six-year exclusive deal for the distribution of FebriDx with PHASE Scientific, valued at up to US$317 million. There are still some hurdles to clear – the company will need to secure a CLIA waiver classification from the FDA – but LDX has already enrolled 105 of 120 patients in its CLIA study and expects to have the paperwork in hand within the next three months. Noxopharm (ASX:NOX) has administered the first dose of SOF-SKN in its HERACLES trial, a first-in-human study evaluating SOF-SKN as a novel drug candidate for autoimmune diseases. Currently at the safety and tolerability stage of clinical testing, NOX will dose four cohorts of four patients each in progressively higher dosages, with the goal of targeting the US$3 billion lupus market. Catalina Resources (ASX:CTN) is chasing up a stellar rare earth drill hit at the Laverton project that closely mirrors mineralisation found at the nearby Mt Weld mine (ASX:LYC), one of the most valuable rare earth deposits in the world. On top of following up on the 9m at 7565 parts per million total rare earth oxide result, CTN is also exploring for gold in the Barnicoat Shear Zone at Laverton, host to several existing gold deposits. Javelin Minerals (ASX:JAV) has lifted the grade and confidence levels of its Eureka gold project resource estimate, increasing the overall resource grade 16% to 1.69 g/t gold for 110,687 ounces. The update also added more tonnes to the indicated category, lifting it to 1.36Mt at 1.8 g/t gold for 78,678 ounces, a 27% increase. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Code Name Last % Change Volume Market Cap AOA Ausmon Resorces 0.001 -50% 1226988 $2,622,427 SFG Seafarms Group Ltd 0.001 -50% 6000 $9,673,198 SKN Skin Elements Ltd 0.002 -33% 55557 $3,225,642 CTN Catalina Resources 0.003 -25% 1743751 $9,704,076 FAU First Au Ltd 0.003 -25% 16503 $8,305,165 GTR Gti Energy Ltd 0.003 -25% 3176612 $14,835,762 BCB Bowen Coal Limited 0.075 -25% 2076944 $10,775,756 APC APC Minerals 0.008 -24% 10585499 $3,075,800 X2M X2M Connect Limited 0.014 -22% 1532537 $7,831,023 AMS Atomos 0.004 -20% 55022 $6,075,092 M2R Miramar 0.004 -20% 13877015 $4,984,116 MRD Mount Ridley Mines 0.002 -20% 3700 $1,946,223 PRM Prominence Energy 0.002 -20% 891688 $1,216,176 RNX Renegade Exploration 0.004 -20% 150000 $6,441,817 SLZ Sultan Resources Ltd 0.004 -20% 639757 $1,157,350 SPQ Superior Resources 0.004 -20% 2402254 $11,854,914 RDG Res Dev Group Ltd 0.009 -18% 68225 $32,459,439 THB Thunderbird Resource 0.009 -18% 2384348 $4,287,156 RMI Resource Mining Corp 0.014 -18% 2369600 $12,485,707 ARV Artemis Resources 0.005 -17% 1637579 $15,214,033 AZL Arizona Lithium Ltd 0.005 -17% 18139597 $31,621,887 CC9 Chariot Corporation 0.059 -16% 525881 $8,354,764 AJL AJ Lucas Group 0.006 -14% 156934 $9,630,107 BLU Blue Energy Limited 0.006 -14% 20000 $12,956,815 BYH Bryah Resources Ltd 0.006 -14% 3574 $6,789,675 IN CASE YOU MISSED IT The Hong Kong Electrical and Mechanical Services Department has produced a glowing report on a trial installation of ClearVue Technologies (ASX:CPV) solar façade products, sketching out a payback period of less than 3 years. Trigg Minerals (ASX:TMG) has locked in the Bernhardt Group to lead engagement with US officials at Antimony Canyon. Bryah Resources (ASX:BYH) has highlighted the antimony potential of the Golden Pike gold project in New Brunswick, Canada, during a due diligence review. Prescient Therapeutics (ASX:PTX) initiates first US site for the Phase 2a trial of PTX-100 in patients with relapsed/refractory Cutaneous T-Cell Lymphoma. European Lithium (ASX:EUR) has applauded Critical Metals Corp's drilling at the Tanbreez rare earth project in Greenland. Tryptamine Therapeutics (ASX:TYP) has bolstered its clinical development team with two key appointments as it progresses lead drug candidate IV-infused psilocin TRP-8803. Pure Hydrogen Corporation (ASX:PH2) has sold its first hydrogen-powered truck to Riverview International Trucks in California. Axel REE (ASX:AXL) says assays from auger drilling at its Caladão project in Brazil have delivered strong gallium and rare earths results. TRADING HALTS At Stockhead, we tell it like it is. While Lumos Diagnostics and Javelin Minerals are Stockhead advertisers, they did not sponsor this article.
Bloomberg
3 hours ago
- Business
- Bloomberg
Europe Stocks Drop for Fourth Day on Glum ASML, Renault Results
European stocks fell for a fourth straight day on a slate of disappointing earnings reports, including from ASML Holding NV and Renault SA. The Stoxx Europe 600 Index dropped 0.2% at 8:17 a.m. in London, tracking its longest losing streak in a month. French automaker Renault sank as much as 16%, the most in more than five years, as it cut its margin outlook for the year. Dutch chip-equipment maker ASML dropped 6.7% after walking back its growth forecast for next year due to trade disputes.
CBC
3 hours ago
- General
- CBC
Cookbook author Camilla Wynne on why you should bake all summer long
Yes, it's worth turning your oven on for these sweet treats Summer is all about fruit. Markets heave with colourful harvests begging to be transformed into dessert. And although there's nothing quite like that first bite of a perfectly ripe strawberry or juicy peach, you need to turn on your oven to truly experience the full potential of the season's offerings. There's something special about cooked fruit; it's delightful in a pie or crumble, but even better in a galette. I find it so satisfying to arrange sliced fruit in neat concentric circles on a disc of dough. The latter becomes shatteringly crisp in a hot oven, while roasting fruit causes some of its water content to evaporate, concentrating flavours and filling your house with incredible aromas. Plus, this sweet requires no toppings, except perhaps a spoonful of whipped cream. Planning to freeze all that fresh fruit to bake with throughout the winter? While that works for some preparations — jams, muffins, crisps — you'll never get the ideal galette from frozen fruit. Freezing breaks down cell walls, causing the juices to flow free and the fruit to lose its shape. I'm afraid you're just going to have to bake now. Luckily, I have some tips to help you deal with common hot-weather baking problems — for galettes and more — that will help you avoid any potential pitfalls. Stick to smaller treats If you're lucky enough to have air conditioning, you might be in the clear. If not, I find that opening the windows and turning on the fans for a cross breeze can help. But on super-hot days, choose recipes with shorter bake times to limit how long the oven is on. Smaller treats such as cupcakes and mini tarts bake faster than their full-size counterparts, and they're excellent for bringing to picnics since they're pre-portioned. Shortcakes in particular are a classic summertime treat; if you don't have round cutters, you can use an upside-down glass or cut the dough into squares. Be mindful of rising temps If you're baking with yeast or making sourdough, keep in mind that higher ambient temperatures will affect rising times, often speeding up the rise itself. There's nothing worse than kneading dough into full gluten development only to later find it spilling out of its container. When it's over-proofed, it lacks structure and can take on a slightly alcoholic scent. So when temperatures peak, check on the rising status of your dough sooner rather than later. On the plus side, if you're doing one rise in the fridge overnight (my timesaving hack for making yeasted treats in the morning with less fuss), the dough will shake off that chill much faster in a hot kitchen and will be ready to bake — and eat — sooner. Make your refrigerator work for you While most cookie recipes call for room-temperature butter, a very hot room makes for very soft butter, which can cause cookies to spread too much in the oven and bake too flat. The refrigerator (or freezer, if you're in a rush) is your best friend here. Chill cookie dough thoroughly before baking it so the proteins and starches can begin to gel before the butter melts and slumps. Similarly, working with pie dough or puff pastry in a hot environment can feel impossible with too-warm butter making things sticky. To avoid this, pre-chill all dough ingredients and return the dough to the fridge if it ever feels too soft — or stick to crumb crusts and cookies that start with a melted-butter base! Steer clear of sweaty confections There are some bakes you should avoid on particularly humid days. While a pavlova might seem like the ultimate summer dessert — crisp meringue topped with mounds of whipped cream and fresh fruit — it's only for days with a low humidex. Humidity is the enemy of meringue, making it soft, sticky and even weepy, so you'll want to avoid meringue-topped pies as well. If you're making meringues ahead of time, store them in an airtight container. Save little packets of silica from packaged snacks such as seaweed to add to the container — they will help to absorb excess moisture and keep things crisp. Don't miss out
Yahoo
4 hours ago
- Business
- Yahoo
ATOM Consolidates After Precipitous Decline, Critical Support Levels Tested
Cosmos' ATOM token fell victim to a market-wide sell-off on Tuesday, retreating from $4.65 to $4.56 amid a wave of volatility. While several key areas of support have been tested, the recent rebound from $4.52 to $4.58 at 13:00 UTC, accompanied by heightened volume metrics, signals potential stabilization above the $4.50 psychological support threshold. Technical Indicators Breakdown ATOM experienced considerable volatility during the preceding 24-hour period from 14th July 15:00 to 15th July 14:00, declining from $4.65 to $4.56, representing a 2 per cent drop with an aggregate range of $0.22 (5 per cent). The cryptocurrency confronted substantial selling pressure during nocturnal hours, reaching a critical low of $4.43 at 03:00 before establishing support around the $4.47-$4.50 zone. Robust volume activity exceeding the 24-hour average of 854,000 during the 03:00 decline and subsequent 12:00-13:00 recovery suggests institutional participation at these levels. The recent bounce from $4.52 to $4.58 during the 13:00 hour, accompanied by elevated volume, indicates potential stabilization above the $4.50 psychological support level. Throughout the preceding 60 minutes from 15th July 13:08 to 14:07, ATOM exhibited significant volatility with zero net change but experiencing substantial intraday movement with a peak at $4.58 and trough at $4.52, representing a 1 per cent intraday range. Volume patterns proved particularly noteworthy, with elevated activity during the 13:19 decline (46,270 units) and subsequent recovery phases, suggesting institutional participation at key support and resistance levels. The terminal minutes revealed concerning weakness as ATOM retreated from its hourly highs, closing the period with diminished momentum and zero volume in the last three minutes, indicating potential market uncertainty. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
