Smic is heavily sanction by USA yet the share is at record high. How is that so? Being sanction also has its benefits. Heavily sanctioned means Chinese will work double hard to be self reliant
China is a land of genius, u sanction them only make them work harder. If u are like me, u know that China is having technology break throughs every day. Biden can win meh?
Evil CCP and its evil supporters con investors to buy RMB but CCP central bank drop interest. Pity those investors sold their US dollar and bought RMB. Only running dog of evil CCP will con investors like these.
Congratulations to Japan with mild inflation to boost up economy, their stock market reach highest in 30 years. Don't be con by CCP running dog to invest in those country with deflation, high jobless and property bubble country stocks.
Nikkei closes above 33,000 for the first time in 33 years
OKYO - Japan's benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies.
SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with ChatGPT operator OpenAI and that its semiconductor unit Arm is in investment talks with Intel Corp (NASDAQ:INTC). Chip-testing equipment maker Advantest Corp soared 4.79%.
Toyota Motor (NYSE:TM) Corp shares leapt 4.99% after the automaker announced plans to market next-generation battery electronic vehicles (EVs) from 2026.
The Nikkei climbed for a third-straight session, adding 1.8% to 33,018.65, closing above the key psychological level for the first time since July 1990. The broader Topix gained 1.16% to 2,264.79.
Global shares climbed on Monday ahead of closely watched U.S. inflation data on and policy decisions from the Federal Reserve, Bank of Japan, and other central banks.
Toyota's EV strategy "was well received by the market, and also last night the U.S. market was strong, so we have a strong market today," said Daiwa Securities strategist Kenji Abe.
With expectations of a soft landing in the U.S. and Fed easing later in the year, "this high valuation is likely to continue for the time being," he added.
Among Nikkei constituents, 170 companies advanced, while 54 declined. Drugmaker Eisai Co (OTC:ESAIY) Ltd was an outlier, giving back 2.22% after a surge on Monday on positive news about its Alzheimer's treatment.
The auto sector rose 3.4% to become the best performer among the Tokyo Stock Exchange's 33 industry sub-indexes. A basket of paper producers was the biggest loser, falling 1.05%.
Congratulations. Only con man will tell you deflation is good.
TOKYO (Reuters) -Toyota will introduce high-performance, solid-state batteries and other technologies to improve the driving range and cut costs of future electric vehicles (EVs), the automaker said on Tuesday, a strategic pivot that sent its shares higher.
The Japanese giant's technology roadmap, covering aspects as varied as next-generation battery development and a radical redesign of factories, amounted to the automaker's fullest disclosure of its plan to compete in the fast-growing market for EVs where it has lagged rivals led by Tesla (NASDAQ:TSLA).
The plan comes a day before an annual shareholders meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinised.
Shares of the world's best-selling automaker jumped 5% on the day to 2,173 yen, the highest since August.
Toyota said it aims to launch next-generation lithium-ion batteries from 2026 offering longer ranges and quicker charging.
It also trumpeted a "technological breakthrough" that addresses durability problems in solid-state batteries and said it is developing means to mass produce those batteries, targeting commercialisation over 2027-2028.
Solid-state batteries can hold more energy than current liquid electrolyte batteries. Automakers and analysts expect them to speed transition to EVs by addressing a major consumer concern: range.
Still, such batteries are expensive and likely to remain so for years. Toyota will hedge with better-performing lithium iron phosphate batteries, a cheaper alternative to lithium-ion batteries that have spurred EV adoption in China, the world's largest vehicle market.
At the high end of the market, Toyota said it would produce an EV with a more efficient lithium-ion battery offering a range of 1,000 km (621 miles). By comparison, the long-range version of the lithium-ion-powered Tesla Model Y, the world's best-selling EV, can drive for about 530 km based on U.S. standards.
An EV powered by a solid-state battery would have a range of 1,200 km and charging time of just 10 minutes, Toyota said. By comparison, the Tesla Supercharger network - the largest of its kind - offers the equivalent of 321 km of charge in 15 minutes.
Toyota did not detail expected costs or required investment for the plans.
Engineers at the automaker have been considering a reboot of its EV strategy since last year to better compete.
The roadmap detailed on Tuesday showed that under new CEO Koji Sato, Toyota has adopted much of the revamp that engineers and planners have been developing as options for months.
That includes use of electric-axle and other technology from suppliers such as Aisin and Denso.
"What we want to achieve is to change the future with BEVs," Takero Kato, president of new Toyota EV unit BEV Factory, said in a video posted on the automaker's YouTube channel on Tuesday.
NEW ASSEMBLY TECHNOLOGY
Toyota said it was developing a dedicated EV platform to reduce the cost of new models and a heavily automated assembly line that would do away with the conveyor belt system that has defined auto production since Henry Ford over 100 years ago.
In Toyota's "self-propelling" assembly line, cars under production would drive themselves through the process.
It also said it would use Giga casting to cut production costs, adopting an innovation pioneered by Tesla using massive, aluminium casting machines to reduce vehicle complexity.
Koji Endo, senior analyst at SBI Securities, said he was surprised by Toyota's move to counter Tesla's lead in production efficiency. "I'm not sure yet Toyota can push back in a counter offensive, but it's getting ready to try," he said.
Toyota's BEV Factory, established in May, aims to produce about 1.7 million vehicles by 2030, Kato said - about half of the 3.5 million EVs Toyota aims to sell annually by that year.
In April, the automaker sold 8,584 EVs worldwide, including under its Lexus brand, accounting for more than 1% of its global sales in a single month for the first time.
Toyota sold almost 10.5 million vehicles in 2022, and has a market value of about $254 billion. By contrast, Tesla sold one-eighth as many vehicles yet is valued at around $791 billion, a premium reflecting investor belief in Tesla's growth potential.
Toyota has long said it wants to offer consumers a choice of new-energy vehicles, including petrol-electric hybrids and hydrogen fuel cells as well as battery EVs, as part of the industry's transition from petrol-powered vehicles.
yes, toyota is going bankrupt. They were too arrogant. Unable to adapt to new environment and speed of adoption of EV really caught them with their pants down.
AI technology and global supply chain restructuring is boosting up the economy. Japan is going to another level after the inflation due to Yen depreciation.
AI technology and global supply chain restructuring is boosting up the economy.
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maybe, hope they can do it.
America killled Japanese chip industry in the 1990s. Japan were the early leaders.
Japan's problem is that they are always subject to the whims and fancies of america.....Their politicians were never independent from American control.
if japan continue to co operate with America to restrict sales of chips equipment to China...the consumers in China will surely further punish Japanese cars.
Under pressure from critics and investors alike, the Japanese carmaker appears to step up its electrification game. Toyota has been under constant fire from environmentalists and shareholders in the previous 12 months because of its feet-dragging approach to the electrification of its lineup. But now it’s fighting back with an ambitious plan that envisions EVs with over 600 miles (965 kilometers) of range from 2026 and around 900 miles (1,448 km) on a single charge after 2028.
The Japanese car group’s newly revealed plans mention that the first of the next-generation EV will debut in 2026 as a Lexus, using a next-gen lithium-ion battery that offers over 600 miles of driving range on a single charge, as reported by Automotive News.
A very good technology EV. With the subsidy from US Toyota will continue success in automotive industry.
AI technology and global supply chain restructuring is boosting up the economy. Japan is going to another level after the inflation due to Yen depreciation.
Japan solve the problem of deflation for 30 years. Only with Yen depreciation will not solve the deflation problem. It just like RMB depreciation will only con other countries. Solid fundamental will boost a country economy and not buidling white elephant projects without generating revenue.
Japan has a choice...They can follow american lead and face a lose lose situation....or they can follow an independent path for a win win with China............China will stand firm. That is the bottomline
Japan cannot hope to please their american masters and also make money from China..................................................the choice is Japan's to make.
Japan solve the problem of deflation for 30 years. Only with Yen depreciation will not solve the deflation problem. It just like RMB depreciation will only con other countries. Solid fundamental will boost a country economy and not buidling white elephant projects without generating revenue.
US, Japan, Korea, Taiwan have formed a strong alliance on AI technology and global supply chain restructuring. The recent stock markets have proven that. As a smart investor to avoid invest in those countries having deflation, jobless, property bubble burst and payment defaults stocks.
deflation never cause revolutions and never cause the poor to rise up . All chaos and revolutions are caused by run away inflation as inflation hurts the poor disproportionally.
deflation? what does it even mean? Food prices come down no good meh? House prices come down no good meh?
even if stock prices come down , it hurts the rich disproportionally, the poor does not really mind if the government protects them from excessive speculations.
deflation? what does it even mean? does it means your purchasing power goes up even with the same amount of money? What is wrong with that from the socialist point of view. ?
american dollar According to data presented by Finbold, the U.S. dollar has depreciated sixfold over the past 50 years. In 1972, the worth of one dollar was $1, but by 2022, the value of a dollar has dropped by an incredible 86%, to $0.14................................. good meh?
China stock market and Hong Kong HSI are among the worst performing market this year. Buy Japan and Taiwan for the coming decade! Forget China
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as of June 2023, the only major economy that has flexibility is China because China has zero inflation and therefore it has the biggest flexibility if it decides to pump the economy.
Try to avoid investing in those countries having deflation because not everyone wins from lower prices and economists are often concerned about the consequences of falling prices on various sectors of the economy, especially in financial matters. In particular, deflation can harm borrowers, who can be bound to pay their debts in money that is worth more than the money they borrowed, as well as any financial market participants who invest or speculate on the prospect of rising prices.
S&P 500, Nasdaq hit fresh 1-yr highs as inflation data boosts rate pause hopes
As a non socialist investor we still talk about the boost from the AI technology prospect and not white elephant mega projects which can't generate enough revenue to cover operating cost. Small investors follow high profile industry strong alliance. Iran, Russia and North Korea will not bring a country economy to another level.
Posted by WinterMei > 23 minutes ago | Report Abuse
Nasdaq 100, Japanese stocks hit new high again ! Hangseng and Shanghai indices are are declining. Most foreign funds left HK and China. The fund flew to Japan, Taiwan, Singapore.
With the sticky inflation, high interest rates may last for longer periods. Mild recession may be expected in US or any other country. With the boost of AI technology will bring the world economy to another level, stock market reflect the real economy 6-9 months. With job data still strong mild recession is ok, however, some Wall Street economists expect US economy will have soft landing. As long as not deflation, high jobless rate, property bubble burst and payment defaults there is no problem of mild recession.
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3450 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
qqq47660
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Posted by qqq47660 > 2023-06-13 11:29 | Report Abuse
Democracy in theory is a good thing. But look at the democracy as defined in the west. It's not producing the results desired.