Asian Stock Market

Toyota Is to Cut Vehicle Production by 40% 

According to the latest news, the world’s largest carmaker, Toyota, cut vehicle production by 40% in September because of the global microchip shortage.  As we know, the company had planned to make nearly 900,000 cars next week. However, the giant carmaker has now reduced that to 540,000 vehicles. Furthermore, German firm Volkswagen has warned it …

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xiaomi

Xiaomi Sells More Phones than Apple and Samsung in June

Counterpoint, the research company reported that Xiaomi sold more phones in June than its competitors Apple and Samsung. The company’s sales increased by 26% compared to the previous month. It gave Xiaomi a 17.1% share of the total number of phones sold worldwide in June. Counterpoint announced that Samsung sold 15.7% of the total handsets, while Apple …

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World Stocks

World Stocks Mostly Down as US and EU Fell, Asia Pacific Up

On Monday, August 2, world stocks were mostly down as the United States and the European Union’s shares fell. Meanwhile, Asia Pacific stocks climbed. Wall Street’s three major indexes plummeted which was led by the NASDAQ Composite. The benchmark lost 0.71% with a net decline of $105.59. This sent the stocks to the bottom at …

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asia stocks

Asia Stocks Up as CSRC Talked with Banks to Calm Worries

On Thursday, July 29, Asia stocks climbed after the China Securities Regulatory Commission (CSRC) initiated a meeting with top global investment banks to calm financial worries. In the Tokyo Stock Exchange, the broader TOPIX Index and the Nikkei 225 both rose 0.22% or 4.23 points to $1,923.88. And 0.71% or 194.39 points to $27,776.05, respectively. …

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