Posts by Yurie Miyazawa
China’s new tech stock boom leaves its economic malaise behind
Momentum may gain further support as DeepSeek rolls out a new AI model and China unveils a tech-focused five-year plan [BEIJING] Nearly a year after DeepSeek’s AI breakthrough rattled global markets, China is entering 2026 with a fresh wave of technological advances that are powering a stock rally, even as its economy remains fragile. Thanks…
Read MoreChina’s electricity use hits record in 2025, surpasses 10 trillion kWh
[SHANGHAI] China’s electricity consumption climbed 5 per cent to a record high last year, surpassing 10 trillion kilowatt-hours for the first time, the National Energy Administration said on Saturday. The 10.37 kWh milestone exceeded the combined consumption of the European Union, Russia, India and Japan in 2024, according to state media reports. Rising demand for…
Read MoreWhite House weighs executive action to cap credit card rates
THE White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition to other measures seeking to ease US affordability challenges. The plan, which is still being crafted as administration officials discuss the terms with industry and Congress, is designed to lower interest rates on credit cards…
Read MoreStamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village [SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia) is facing legal action by the owners corporations of Macquarie Park Village over alleged construction defects. The Macquarie Park Village project is a large-scale residential…
Read MoreS&P 500, Nasdaq open higher as chip stocks extend rally
[NEW YORK] The S&P 500 and the Nasdaq opened stronger on Friday (Jan 16) as chipmakers returned to the driver’s seat in a volatile week that also marked the start of the fourth-quarter earnings season. The Dow Jones Industrial Average rose 24.3 points, or 0.05 per cent, at the open to 49466.7. The S&P 500…
Read MoreForeigners sell Asian equities in December on worries over valuations
They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines [BENGALURU] Foreign investors net sold Asian equities in December, on lingering concerns about elevated valuations in technology stocks along with some year-end profit-taking, though the relatively modest outflows compared to November suggested some recovery in sentiment.…
Read MoreSingapore stocks rise amid mixed Asian performance; STI up 0.3%
Across the broader market, advancers beat decliners 307 to 261 after 1.4 billion shares worth S$1.5 billion change hands [SINGAPORE] The Straits Times Index (STI) rose 0.3 per cent or 15.76 points to close at 4,849.10 on Friday (Jan 16), bringing the benchmark index up a total of 2.1 per cent for the week. Across…
Read MoreChina clamps down on high-speed traders, removing servers
The move shows that officials are focused on levelling the playing field for investors and ensuring market stability [SHANGHAI] China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges’ data centres, according to people familiar with the matter. Commodities futures exchanges in…
Read MoreAustralian dollar holds ground as US dollar firms, eyeing small weekly gains
THE Australian dollar held its ground on Friday, lifted by a rebound in global stocks and unfazed by a firmer US dollar on the back of growing expectations that interest rates there will be on hold for longer. The Aussie hovered at US$0.67, having eked out a small gain of 0.2 per cent overnight to…
Read MoreWall Street opens higher as chip stocks shine
[NEW YORK] Wall Street’s main indexes rose at market open on Thursday (Jan 15) after TSMC’s blockbuster quarterly results ignited a rally in chipmakers, while investors parsed earnings from Morgan Stanley and Goldman Sachs that capped big banks’ reporting season. The Dow Jones Industrial Average rose 51.5 points, or 0.10 per cent, at the open…
Read More