2 hours ago
Dutch government partially cancels ASML's license to export chip equipment to China
Dutch government has partially revoked semiconductor equipment maker ASML's license to export two systems used to make advanced chips to China.
“The license to ship NXT:2050i and NXT:2100i lithography systems in 2023 was recently partially revoked by the Dutch government, affecting a small number of customers in China,” ASML said in a statement. .
NXT:2050i and NXT:2100i is a deep ultraviolet lithography machine used for high-volume production of cutting-edge logic and memory chips.
The company said it does not expect this action to have a material impact on its 2023 financial outlook.
ASML has been restricted from exporting extreme ultraviolet lithography equipment to China by the Dutch government in an effort to contain Chinese chip manufacturing technology. ASML does not currently ship any equipment to China.
— Sheila Chan
3 hours ago
Caixin China December manufacturing PMI is 50.8
A private survey showed an expansion in China's manufacturing activity in December, contradicting a similar survey conducted by the country's statistics bureau that reported a contraction.
The Caixin Manufacturing Purchasing Managers Index stood at 50.8 in December. release Tuesday when the November reading was 50.7. According to China's National Bureau of Statistics, China's official PMI in December fell to 49.0 from 49.4 the previous month. sunday release.
PMI readings above 50 indicate expansion in activity, while readings below that level indicate contraction.
— Clement Tan
55 minutes ago
Singapore GDP expands by 2.8% in final quarter of 2023
Singapore's economy grew by 2.8% According to preliminary forecasts from the country's Ministry of Trade and Industry, sales will increase year-on-year in the final quarter of 2023.
This is a significant increase from the 1% expansion recorded in the third quarter and the highest growth rate since the third quarter of 2022.
On a seasonally adjusted quarter-on-quarter basis, economic growth was 1.7%, faster than 1.3% in the third quarter..
Read the full text here.
— Lim Huijie
5 hours ago
Australian factory activity shrinks at fastest pace since May 2020: Judo Bank
Australian factory activity in December was the sharpest contraction since May 2020, according to a private survey by Judo Bank.
The country's manufacturing Purchasing Managers' Index was 47.6 in December, down from 47.7 in November, marking the 10th consecutive month of negative figures.
In that release, The bank wrote that this was primarily due to further deterioration in demand for Australian manufacturing, with new orders for Australian manufactured goods declining for the 13th consecutive month.
This was due to pressure from weak economic conditions and high interest rates, and external demand was also weak, the central bank added.
— Lim Huijie
6 hours ago
record watch
The S&P 500 index closed Friday at 4,769.83, less than 1% from a new high, and investors are paying attention to the record.
If the closing price exceeds the stock benchmark's January 2022 record of 4,796.56, it will be a new all-time high. The current intraday record high for the S&P 500 is 4818.62, also as of January 2022.
6 hours ago
History tells us that in 2024, stocks will rise even more, but the returns will be much lower.
A great year in which the S&P 500 index rose more than 20% could, if history is any guide, suggest even better news next year, according to Ryan Detrick, chief market strategist at Carson Group. But he doesn't expect it to be a bigger year than 2023.
Since 1950, there have been 21 times that the S&P 500 has gained more than 20% annually. As for what will happen next year, the stock benchmark was in the green 80 at the time, with an average return of 10%, the strategist said.
Detrick said only once in history – in 1997 – did stocks rise further the following year.
— Yun Lee
