US Stock Reports, Quotes and News
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).
Elon Musk\’s recent announcement regarding Tesla (NASDAQ:TSLA)\’s entry into India signals a significant stride towards bolstering the country\’s electric vehicle (EV) ecosystem. Despite India\’s relatively small EV market, comprising only 2% of total vehicle sales in 2023, the potential for growth remains immense. The premium segment, encompassing vehicles priced over US$35,000, constitutes a mere 2% of the market, yet projections indicate a substantial rise in high-income households and overall passenger vehicle sales over the next decade. Here\’s what Morgan Stanley (NYSE:MS) has to say.
JAKARTA (Reuters) – Apple Inc (NASDAQ:AAPL) will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on Wednesday after meeting President Joko Widodo.
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary evaluation to investigate claims related to loss of brake assist for 3,322 GM Cadillac Lyriq electric vehicles.