8 hours ago
Samsung Electronics soars over 5%, SK Hynix falls over 3%
Following its acquisition by semiconductor giant Nvidia, the stock price of Samsung Electronics, a leading South Korean company, soared more than 5%. reportedly The South Korean chipmaker’s high-bandwidth memory chips were in the “certification” stage for use in Nvidia’s graphics processing units.
This follows rival SK Hynix. announced It has revealed that it plans to offer high-bandwidth memory (HBM) chips to customers. According to Reuters Nvidia will be the first customer. SK Hynix’s stock price fell by as much as 3.56% on Wednesday.
— Lim Huijie
9 hours ago
China reportedly leaves loan prime rate unchanged and changes People’s Bank leadership
central bank of china Prime rates for 1-year and 5-year loans remained unchanged. No change at 3.45% and 3.95%, respectively.
The one-year LPR acts as a peg for most household and business loans, and the five-year LPR is the benchmark for most property mortgages.
Separately, Reuters reported that the People’s Bank of China reorganized its monetary policy committee, adding Wu Qing, head of the securities regulator, and Xuan Changneng, deputy central bank governor.
10 hours ago
Yen hits four-month low after Bank of Japan’s landmark decision
The Japanese yen hit a four-month low of 151.3 yen against the dollar on Tuesday, after Japan’s central bank made a landmark shift in monetary policy. This is the lowest price since November 13th at 151.71.
If the yen exceeds the November 13 low, it will be the lowest value against the dollar since June 1990, when the asset bubble burst.
The Bank of Japan raised interest rates from -0.1% to around 0%-0.1% and abolished its yield curve control policy.
12 hours ago
Chipotle Mexican Grill’s stock price soars after 50-for-1 stock split
See chart…
Chipotle Mexican Grill
12 hours ago
RBC Capital Markets warns of continued volatility in trading
Traders work on the floor of the New York Stock Exchange on March 13, 2024.
Brendan McDiarmid | Reuters
Trading could be volatile in the coming months, according to RBC Capital Markets.
Technical strategist Robert Sluimer told clients that the S&P 500 and Nasdaq Composite have “only been flat in a narrow, volatile range” for the past two weeks, with no evidence of a true reversal of the uptrend. He said that it has not been done. Looking ahead, he warned that a busy trading period is expected in the second quarter of this year.
“We expect further volatility heading into the second quarter, with both indexes likely to remain in volatile sideways trading ranges,” Sluimer said in a note to clients.
He said stocks should rise further this year, but noted there could be a short pause or pullback in the next quarter.
— Alex Harring
13 hours ago
