Market Overview - Page 149

Apple reported a blowout quarter on Tuesday, driven by sales of iPhones, which were up 50% annually to $39.57 billion in sales. That followed the March quarter, where iPhone sales were up 65.5% annually, and Apple’s holiday quarter, where sales.

Investors are dumping the Chinese yuan and Hong Kong dollar as the selloff in China stocks continues, and those currencies slid on Tuesday to lows not seen since April. Regulatory fears are spreading to other parts of the Chinese market,.

Shares in Asia-Pacific were mostly lower in Wednesday morning trade, with stocks in Hong Kong struggling to bounce back from a two-day rout. By Wednesday afternoon in Hong Kong, the Hang Seng index sat 0.24% lower. That followed a more.

Days of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific. At the close of regional markets on Tuesday, the CSI 300 — which tracks the largest stocks listed in.

A collapse is developing in Chinese markets following the continued tightening of regulations on large technology companies. The Hang Seng index has lost all its gains from November last year, losing more than 10% in three days. But investors still.

Tesla reported second-quarter earnings after the bell Monday, and it’s a beat on both the top and bottom lines. Shares rose about 2% after-hours. Earnings: $1.45 vs 98 cents per share adjusted expected, according to Refinitiv. Revenue: $11.96 billion vs.

Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended their sharp selloff into a third day Tuesday. Technology and education shares retreated once again while property stocks also fell. Tencent Holdings Ltd. slumped 10%, after the company’s music arm.

Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission official said on Monday. Democratic commissioner Allison.

The floods in China and Europe are yet “another body blow” for global supply chains, the CEO of a shipping firm told CNBC on Monday. “Rarely does a week go past without something new,” says Tim Huxley, CEO of Mandarin.

The rivalry between the U.S. and China is likely to persist for some time after both countries set demands for each other that are “unreachable,” a political analyst told CNBC on Tuesday. Comments by Scott Kennedy of Washington D.C.-based think.

Shares in Asia-Pacific were mixed in Tuesday trade as several major Chinese tech stocks in Hong Kong remained under pressure following a tumble on Monday. The broader Hang Seng index in Hong Kong fell 2.59% in afternoon trade, seeing further.

Stock futures slipped after the major averages finished the previous session at record closing highs and ahead of a busy week of earnings reports from technology’s heaviest hitters. Dow Jones Industrial Average futures declined 157 points. S&P 500 and Nasdaq.