The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by 27% and 13%, respectively. They have suffered steeper declines from their highest points last year. Xiaomi, which is widely seen as China’s answer to Apple,
The Kospi Index pulled back by over 1% on Thursday as the recent bull run took a breather, following the South Korean central bank’s interest rate decision. It retreated to KRW 8,133, down slightly from this week’s high of KRW 8,480. South Korea’s central bank gives a hawkish pause The Kospi Index retreated, while the
Crude oil price rose slightly as concerns about the US-Iranian truce rose following the latest strikes against Iranian targets. Brent, the global benchmark, was trading at $93.85, while the West Texas Intermediate (WTI) rose to $90 a barrel. US hits Iranian targets again Brent and the West Texas Intermediate rose slightly after the US Central
The cryptocurrency market is under heavy pressure, with major digital assets trading sharply lower. Bitcoin (BTC) fell below the key $73,000 support level, while Ethereum dropped under $2,000 as selling intensified across the sector. Among the weaker-performing altcoins were Humanity Protocol, Render, Ondo, Virtuals Protocol, Worldcoin, and Celestia, all of which posted steeper declines than
XRP price crashed below a crucial support level today, May 28, as liquidations in the crypto industry. It also plunged amid the ongoing US-Iran tensions, and as investors rotated to the fast-growing space and artificial intelligence industries. Ripple dropped to $1.2723, its lowest level since February. XRP price crashes as ETF inflows stall Ripple’s price
The ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this week’s high of A$8,715. RBA likely to pause interest rate hikes The ASX 200 Index wavered after a report by the Australian Statistics Bureau (ABS)
Scottish Mortgage Trust share price is firing on all cylinders as some of its biggest bets start to pay off. SMT jumped to a record high this week, completing a major comeback that started in May 2023 when it bottomed at 604p. This surge may accelerate after forming a cup-and-handle pattern ahead of the SpaceX
Rolls-Royce share price has rebounded this week, helped by the rising hopes of a US-Iran deal, and after a recent Bloomberg interview with its chief executive in which he highlighted the company’s turnaround efforts. It jumped to 1,260p, up substantially from this month’s low of 1,050p. Rolls-Royce CEO explains his turnaround strategy Rolls-Royce Holdings, one
CoreWeave (NASDAQ: CRWV) stock price remains under pressure this month, despite its rising role in the artificial intelligence (AI) industry, where it has become the partner of choice of top companies. CRWV dropped to $105 on Tuesday, down from this month’s high of $138. With its short interest at 14% and its stock down by
Broadcom (NASDAQ: AVGO) stock has moved sideways in the past month as the recent bullish momentum faded. This consolidation may be calm before the storm as it has formed a bullish flag pattern ahead of its quarterly earnings on June 3. Broadcom stock has formed a giant bullish flag pattern The daily chart shows that