Smartphone sales in China are rising again as COVID-19 cases there decline and global demand for chips used in work-from-home networks is surging, positioning Asian tech firms for a slow but steady recovery, their early quarterly report cards showed.
As well, news that the number of new COVID-19 cases were receding in Europe and starting to plateau in some parts of the United States - big markets for Asian tech companies - fuelled gains in Asian shares on Tuesday. Mainland China reported a drop in new cases as well. The pandemic, that has killed more than 74,000 people globally and infected over 1.32 million, has forced countries to curb travel and movement, pushed airlines to the brink and disrupted global supply chains.
In China, demand had begun to return in late February, but there were some supply problems, said Mo Jia who tracks the global smartphone sector at UK-based research firm Canalys.Counterpoint Research estimates global smartphone sales fell 14per cent in February, and expects a steeper decline after that.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stay home and karaoke: Tencent's JOOX sees usage spike in South-east AsiaHONG KONG (REUTERS) - Lockdowns and travel retrictions prompted by the new coronavirus have been a boon to JOOX, Chinese tech giant Tencent's international music streaming platform, driving traffic to its karaoke services up by as much as 50%, an executive said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Asia stocks rise on coronavirus slowdown; pound down after Boris Johnson taken to hospitalSYDNEY (REUTERS) - Stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore stock watch: OCBC, Genting, Hong Leong Asia, ComfortDelGro, MindChamps, Chip Eng SengSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their shares on Monday (April 6):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Asia: Markets lifted by hopes on virus but oil in retreat[HONG KONG] Asian markets rose on Monday as some of the world's worst-hit countries reported falling death rates, providing some much-needed hope in the battle against the coronavirus, though oil prices were rocked after a meeting of top producers was delayed. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
After COVID-19, Southeast Asia strongly favours crackdown on wildlife tradeBANGKOK: The coronavirus pandemic has generated overwhelming support for the closure of markets selling illegal wildlife across Southeast Asia, an ... STOP eating/trafficking Pangolins!!! Please leave these docile n shy animals alone! 🙏🙏🙏
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore's cinemas extend temporary closure to early MayWhile originally the end date of cinema closures was set for 30 April, it has now been extended to 4 May 2020.
Source: YahooSG - 🏆 3. / 71 Read more »