Latest Finance-Economy News
Nasdaq China Golden Dragon Index Surges 4.38% on Tech Rally
Baidu climbed over 15%, Alibaba up 6.2%, with Baidu Group rising 9.35%, NetEase 6.62%, Alibaba and Tencent 4.34% and 4.01% respectively on strong tech performance. Chip stocks like Micron jumped over 10% and Intel 6.7%.
US indices diverged with Dow up 0.66%, S&P 500 0.19%, Nasdaq down 0.03%.
Hang Seng Index Surges Above 26,000 on AI Optimism
Hong Kong's Hang Seng rallied on first 2026 trading day fueled by AI developments in China. It breached 20-day and 50-day moving averages, targeting 27,200–27,300 if sustained above 26,264.
US markets ended 2025 strong with S&P 500 up 16%, Nasdaq 100 20%.
US Dollar Index Rebounds to 98.43, Treasury Yields Rise
US Dollar Index closed up 0.149% at 98.43 near two-week high. 10-year Treasury yield at 4.195%, 2-year at 3.488%.
Fed's Paulson states no immediate additional rate cuts.
BYD Surpasses Tesla as 2025 Global Pure Electric Sales Champion
BYD crowned top in global pure electric vehicle sales for 2025, overtaking Tesla. This milestone highlights China's EV dominance amid competitive market.
US Consumer Tech Revenue Forecast at $565 Billion for 2026
CTA projects 3.7% growth to $565B despite tariffs and headwinds. Hardware up 3.4%, software/services 4.2% to $194B; unit shipments +0.7%.
Trends include AI transformation, longevity tech, and electrification.
NEC Operating Profit Margin Hits Nearly 10% in 2025
NEC's margin improved from 5% five years ago to nearly 10%, driven by transformations. Plans include cybersecurity, AI utilization, and US acquisition for global growth.
Focus on economic security in comms, defense, and new fields like drug discovery.
China Approves 76 Innovative Drugs in 2025, Overseas Revenue Over $100B
China greenlit 76 innovative drugs last year with licensing revenue exceeding $100 billion. This boosts biopharma sector alongside tech gains.
National IC Fund Boosts Holdings in SMIC H-Shares
China's National Integrated Circuit Industry Investment Fund significantly increased SMIC H-share holdings. Supports semiconductor push amid chip stock surges.
Precious Metals Plunge After Record Highs: Gold -5%, Silver -16%
Gold fell up to 5% from peak, silver nearly 16% in sharp retreat post-Christmas highs. Despite drops, 2025 gains were gold +65%, silver +149%.
Unwind due to thin liquidity and speculation.
S&P 500 Sets 39 New Highs in 2025, 16% Annual Gain
S&P 500 advanced 16% with 39 all-time highs despite volatility on tariffs, labor concerns. 2026 outlook positive on earnings, Fed easing, AI infrastructure.
Tech leadership broadens beyond mega-caps.
Australian Inflation Data Key for RBA Rate Decisions
Upcoming Australian inflation readings critical after October's 3.8% YoY surprise. Sparks speculation of 2026 RBA hikes despite prior cut expectations.
Monthly reporting highlights persistent pressures.
US Equity Markets Diverge on New Year Open
Dow +0.66%, S&P 500 +0.19%, Nasdaq -0.03% after early 1% gain on first 2026 trading day. Widespread gains in biopharma, tech, gold, banking.
A-shares closed for holiday.