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China’s June trade tops forecasts buoyed by AI boom
BEIJING: China’s exports surged in June, buoyed by demand for chips and data centre computing power to fuel the global AI boom, giving policymakers grappling with how to boost domestic demand in the world’s second-largest economy a much-needed buffer.The stronger-than-expected trade performance shows Chinese
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Dollar steady before US inflation data, yen under pressure
TOKYO, July 14 : The dollar steadied on Tuesday ahead of U.S. inflation data, with Middle East tensions lifting oil prices while the yen held a soft tone amid caution over possible intervention and after policymakers’ comments on state pension fund allocations.The dollar index, which measures the greenback ag
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Dollar edges higher on escalating US-Iran tension, yen slides on pension doubts
NEW YORK, July 13 : The dollar clung to modest gains on Monday, underpinned by escalating hostilities in the Gulf and hawkish comments from a Federal Reserve governor ahead of the monthly U.S. inflation report.The yen slid following a Reuters report Japan had no immediate plan to change state pension funds’ a
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Dollar mostly flat amid escalating US-Iran tension, yen slides on pension doubts
NEW YORK/LONDON, July 13 : The dollar was barely higher on Monday as hostilities in the Gulf escalated ahead of the monthly U.S. inflation report, while the yen slid following a Reuters report that Japan had no immediate plan to change state pension funds’ asset allocations.President Donald Trump said on Mon
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Tech stocks skid, bond yields rise as Gulf conflict sends oil surging
July 13 : Tech stocks fell sharply and government bond yields rose on Monday as investors grappled with concerns over a fresh escalation in the Middle East conflict and valuations in AI-related shares.U.S. and Iranian forces renewed exchanges of heavy missile and drone assaults, with Tehran saying it had agai
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Shares skid in Asia as oil climbs on Gulf conflict
SYDNEY, July 13 : Share markets slid in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar rose with bond yields as investors narrowed the odds of a hike in interest rates
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SK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimism
SEOUL, July 13 : SK Hynix shares dropped as much as 8.2 per cent in early Seoul trade on Monday as investors booked profit, after a high-profile U.S. listing saw the world’s leading AI memory chipmaker surge 12.8 per cent in its Nasdaq debut on Friday.The South Korean firm raised over $26 billion selling Amer
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Shares slip in Asia as oil jumps on Gulf attacks
SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar gained with bond yields as investors nudged up the chance of a hike in intere
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SK Hynix shares fall as much as 4.4% in Seoul after strong Nasdaq debut
SEOUL, July 13 : SK Hynix shares fell as much as 4.4 per cent in early trade on Monday after the world’s leading AI memory chipmaker surged 12.8 per cent in its Nasdaq debut on Friday, following a high-profile U.S. listing.The South Korean memory chip manufacturer raised more than $26 billion by selling Ameri
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Wall Street climbs, oil slides as investors bet on AI growth over Middle East tensions
WASHINGTON, July 10 : Stocks climbed and oil prices slipped somewhat as investors retained AI-related enthusiasm and shrugged off the ongoing dispute between the U.S. and Iran.All three major U.S. indices ended the day higher Friday, with the Dow Jones Industrial Average rising 0.29 per cent, the S&P 500 clim
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