Asia-Pacific markets were mixed Tuesday as investors awaited consumer confidence data from Japan, with focus also on U.S. inflation numbers to assess the Federal Reserve's rate cut path.
Lee Boo Jin, the CEO of South Korean hotel group Shilla Hotels, has sold about 5.2 million shares of electronics giant Samsung Electronics in a $326 million block sale, with the shares priced at 84,100 won apiece, according to Reuters. The subsidy will also be for investment in an undisclosed location and Samsung will more than double its investment in the U.S. to over $44 billion as part of the deal, according to the report.The data center sector is poised for fast growth in the years ahead, according to UBS.
A global chip stock has risen significantly this year driven by what Morningstar calls the"AI buzzword" narrative.has pulled up from behind to overtake the broader market this year as a surge in crude prices pushes stocks to all-time highs.hit an all-time intraday high of $122.15 on Friday and has gained more than 21% for the year. The refinersThe energy rally may still have room to run given that the sector is still underperforming the broader market by 15% over the past year.
"This repricing of rates, I think, is very important because it is telling you that we've been waiting for this slowdown for so long. Why isn't everyone expecting this rate slowdown to come in the next several quarters, in particular with the tailwind of the stock market up $10 trillion since the November FOMC meeting?" Slok told CNBC earlier Monday.
Source: News Formal (newsformal.com)
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