US Stock Reports, Quotes and News
Investing.com– Chinese entities acquired Nvidia’s most advanced artificial intelligence chips through resellers even after the U.S. last year widened a ban to restrict Chinese access to the technology, a Reuters report showed on Tuesday.
By Hyunjoo Jin, Ethan Wang and Christoph Steitz
SHANGHAI (Reuters) – Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds\’ latest quarterly reports show.
In the first quarter, China\’s sovereign fund, Central Huijin Investment, made significant purchases of blue-chip stocks to support the country\’s faltering stock market, buying over 300 billion yuan ($41.42 billion) worth of exchange-traded funds (ETFs).
Tesla (NASDAQ:TSLA) has announced fresh price cuts in several key markets, including China and Germany, days after similar reductions in the United States, as the company continues to struggle amid declining sales and increasing competition in the electric vehicle (EV) market.
China has reportedly ordered Apple (NASDAQ:AAPL) to remove certain chat messaging apps from its app store in the country, according to The Wall Street Journal.
Investing.com– Sentiment towards mainland Chinese stock markets improved over the past week, as hopes of more government stimulus and some positive economic data helped spur gains in regional markets after a middling start to the second quarter.
Prime Minister Narendra Modi-led Bharatiya Janata Party is widely expected to win a third term, which will help his administration continue its focus on modernizing infrastructure and boost manufacturing. Indian equities have risen to records this year following a rally driven by robust economic growth.