Latest news with #China-facing
Sky News AU
10-07-2025
- Business
- Sky News AU
Market wrap: ASX200 lifts on Wall St rally, iron ore rebound
A Wall St rally and lift in iron ore prices propelled the Australian sharemarket higher on Thursday, as investors shrugged on tariff uncertainty and piled back into risk assets. The benchmark ASX200 jumped 50.6 points, or 0.59 per cent, to close at 8589.2, while the broader All Ordinaries index lifted 48.8 points or 0.56 per cent, to finish at 8826.7. The heavyweight materials sector led the charge, gaining 1.24 per cent. Singapore iron ore futures advanced 3 per cent to $US98.95 a tonne in afternoon trade on the back of Wednesday's better-than-expected consumer inflation data out of China. 'This snapped a run of four months of consumer deflation and buoyed hopes that stimulus measures and easing trade risks with the US will boost China-facing stocks by the end of the year,' IG market analyst Tony Sycamore said. BHP gained 1.19 per cent to $38.30 a share, Rio Tinto climbed nearly 1 per cent to $108.62, Fortescue rose 1.91 per cent to $16.51 and Mineral Resources added 3.66 per cent to $25.51. Gold miners advanced as the precious metal hit US$3330 an ounce. Evolution Mining jumped 3.57 per cent to $7.55 while Newmont rose 3.24 per cent to $90.29. Financials also lifted, with Commonwealth Bank advancing 0.82 per cent to $180.37, Westpac edging up 0.5 per cent to $33.87, NAB climbing 1.12 per cent to $39.74 and ANZ gaining 0.77 per cent to $30.29. Seven of 11 industry sectors ended in the green, though the healthcare sector continued to sell off, losing another 0.54 per cent following US President Donald Trump's threat this week to impose a 200 per cent tariff on pharmaceutical imports. CSL retreated 0.53 per cent to $242.41 while Ramsay Healthcare tumbled 3.09 per cent to $37.92. The market briefly broke through the 8600 barrier in intraday trading, reaching a high mark of 8610 points just before 1pm. The bourse's gains followed a strong lead from Wall St overnight on Wednesday as confidence grew about a possible rate cut from the US Federal Reserve later in the year. The Dow Jones added 217 points, or 0.49 per cent, to close at 44,458, while the S&P500 rose 0.61 per cent to 6263.26 and the tech-heavy Nasdaq index surged 0.94 per cent to 20,611. 'The central bank kept interest rates steady at 4.25 per cent to 4.5 per cent, signalling confidence in the economy, even as inflation, while easing, remains stubbornly above its 2 per cent target,' Moomoo market strategist Jessica Amir said. 'The labour market continues to impress, with low unemployment and steady job gains providing a sturdy backbone for growth. 'Yet central bank officials are treading carefully. Global uncertainties, shifting trade dynamics and geopolitical tensions remain firmly on its radar. 'While some officials see room for possible rate cuts later this year if inflation cools further, the consensus is clear: no rushing into decisions.' In corporate news, medical devices company Imricor Medical Systems slumped 15.1 per cent to $1.32 after updating investors on its regulatory approvals progress in the US. The top gainer on the ASX200 was Lifestyle Communities, which surged 9.2 per cent to $4.83. The biggest loser was Domino's Pizza, slumping 4 per cent to $18.03. The Aussie dollar gained 0.28 per cent to buy US65.5c at the closing bell. Originally published as Market wrap: ASX200 lifts on Wall St rally and iron ore surge
Perth Now
10-07-2025
- Business
- Perth Now
Aussie shares lift on iron ore rally
A Wall St rally and lift in iron ore prices propelled the Australian sharemarket higher on Thursday, as investors shrugged on tariff uncertainty and piled back into risk assets. The benchmark ASX200 jumped 50.6 points, or 0.59 per cent, to close at 8589.2, while the broader All Ordinaries index lifted 48.8 points or 0.56 per cent, to finish at 8826.7. The heavyweight materials sector led the charge, gaining 1.24 per cent. Singapore iron ore futures advanced 3 per cent to $US98.95 a tonne in afternoon trade on the back of Wednesday's better-than-expected consumer inflation data out of China. 'This snapped a run of four months of consumer deflation and buoyed hopes that stimulus measures and easing trade risks with the US will boost China-facing stocks by the end of the year,' IG market analyst Tony Sycamore said. BHP gained 1.19 per cent to $38.30 a share, Rio Tinto climbed nearly 1 per cent to $108.62, Fortescue rose 1.91 per cent to $16.51 and Mineral Resources added 3.66 per cent to $25.51. Gold miners advanced as the precious metal hit US$3330 an ounce. Evolution Mining jumped 3.57 per cent to $7.55 while Newmont rose 3.24 per cent to $90.29. The Australian sharemarket lifted across trading day on Thursday. NewsWire / Max Mason-Hubers Credit: News Corp Australia Financials also lifted, with Commonwealth Bank advancing 0.82 per cent to $180.37, Westpac edging up 0.5 per cent to $33.87, NAB climbing 1.12 per cent to $39.74 and ANZ gaining 0.77 per cent to $30.29. Seven of 11 industry sectors ended in the green, though the healthcare sector continued to sell off, losing another 0.54 per cent following US President Donald Trump's threat this week to impose a 200 per cent tariff on pharmaceutical imports. CSL retreated 0.53 per cent to $242.41 while Ramsay Healthcare tumbled 3.09 per cent to $37.92. The market briefly broke through the 8600 barrier in intraday trading, reaching a high mark of 8610 points just before 1pm. The bourse's gains followed a strong lead from Wall St overnight on Wednesday as confidence grew about a possible rate cut from the US Federal Reserve later in the year. The Dow Jones added 217 points, or 0.49 per cent, to close at 44,458, while the S&P500 rose 0.61 per cent to 6263.26 and the tech-heavy Nasdaq index surged 0.94 per cent to 20,611. Big miners like Rio Tinto lifted on Thursday on the back of a surge in iron ore futures. Jason Edwards / NewsWire Credit: News Corp Australia 'The central bank kept interest rates steady at 4.25 per cent to 4.5 per cent, signalling confidence in the economy, even as inflation, while easing, remains stubbornly above its 2 per cent target,' Moomoo market strategist Jessica Amir said. 'The labour market continues to impress, with low unemployment and steady job gains providing a sturdy backbone for growth. 'Yet central bank officials are treading carefully. Global uncertainties, shifting trade dynamics and geopolitical tensions remain firmly on its radar. 'While some officials see room for possible rate cuts later this year if inflation cools further, the consensus is clear: no rushing into decisions.' In corporate news, medical devices company Imricor Medical Systems slumped 15.1 per cent to $1.32 after updating investors on its regulatory approvals progress in the US. The top gainer on the ASX200 was Lifestyle Communities, which surged 9.2 per cent to $4.83. The biggest loser was Domino's Pizza, slumping 4 per cent to $18.03. The Aussie dollar gained 0.28 per cent to buy US65.5c at the closing bell.
Yahoo
31-03-2025
- Business
- Yahoo
Alphabet Inc. (GOOGL) Boosts Gmail With AI-Driven Search—Faster, Smarter Results Coming to All Users
We recently published a list of the In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOG) stands against other AI stocks that are catching Wall Street's attention. Beijing is reportedly boosting domestic AI firms that have received overseas recognition. In its latest, the Chinese artificial intelligence startup Manus was featured for the first time in a state media broadcast. The company has recently registered its China-facing AI assistant. Manus gained attention in the tech world when it released what it claimed to be the world's first general AI agent. It stated that it could handle complex tasks with much less prompting compared to chatbots from DeepSeek or ChatGPT. READ ALSO: and Investors are celebrating the company as another breakthrough following the low-cost AI models from DeepSeek. However, its availability remained limited after launch. Users aiming to test Manus were frustrated since the product could only be tested with an invitation-only arrangement. Such was the scarcity that critics accused the Manus team of intentionally deploying scarcity marketing tactics. 'The current invite-only mechanism is due to genuinely limited server capacity at this stage.' -Manus AI's product partner Zhang Tao. Nevertheless, Beijing has been supporting Manus' rollout within China, much like its stance on DeepSeek's success. On March 20, State broadcaster CCTV devoted television coverage to Manus for the first time. It published a video on the difference between its AI agent and DeepSeek's AI chatbot. The company has also completed the registration for its AI assistant Monica. Registration is required for generative AI apps in China, with Manus clearing an important regulatory hurdle. All generative AI applications released in China are required to abide by strict rules. These rules exist to ensure that these products do not generate content considered sensitive or damaging by Beijing. Despite its success, Manus has been publicly questioned for the originality of its technology. This is because the product is based on existing large language models (LLMs), whose details the team did not disclose. This is different from the foundation model innovation from DeepSeek. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Photo by Stephen Phillips - on UnsplashAlphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On March 20, Gmail, Google's free web-based email service, rolled out a smarter search feature powered by AI to show users the most relevant results, faster. The new system will incorporate factors such as recency, click behavior, and frequent contacts to generate 'most relevant' search results. 'Most relevant' search results are being rolled out globally for users with personal Google accounts. They can be accessed on the web and in the official Gmail app for Android and iOS, where users can toggle between 'most relevant' and 'most recent' results. Overall, GOOGL ranks 4th on our list of AI stocks that are catching Wall Street's attention. While we acknowledge the potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
31-03-2025
- Business
- Yahoo
Scotiabank Initiates Microsoft Corporation (MSFT) as a ‘Buy'—Says It's a Leading Horseman of the AI Revolution
We recently published a list of the In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other AI stocks that are catching Wall Street's attention. Beijing is reportedly boosting domestic AI firms that have received overseas recognition. In its latest, the Chinese artificial intelligence startup Manus was featured for the first time in a state media broadcast. The company has recently registered its China-facing AI assistant. Manus gained attention in the tech world when it released what it claimed to be the world's first general AI agent. It stated that it could handle complex tasks with much less prompting compared to chatbots from DeepSeek or ChatGPT. READ ALSO: and Investors are celebrating the company as another breakthrough following the low-cost AI models from DeepSeek. However, its availability remained limited after launch. Users aiming to test Manus were frustrated since the product could only be tested with an invitation-only arrangement. Such was the scarcity that critics accused the Manus team of intentionally deploying scarcity marketing tactics. 'The current invite-only mechanism is due to genuinely limited server capacity at this stage.' -Manus AI's product partner Zhang Tao. Nevertheless, Beijing has been supporting Manus' rollout within China, much like its stance on DeepSeek's success. On March 20, State broadcaster CCTV devoted television coverage to Manus for the first time. It published a video on the difference between its AI agent and DeepSeek's AI chatbot. The company has also completed the registration for its AI assistant Monica. Registration is required for generative AI apps in China, with Manus clearing an important regulatory hurdle. All generative AI applications released in China are required to abide by strict rules. These rules exist to ensure that these products do not generate content considered sensitive or damaging by Beijing. Despite its success, Manus has been publicly questioned for the originality of its technology. This is because the product is based on existing large language models (LLMs), whose details the team did not disclose. This is different from the foundation model innovation from DeepSeek. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Microsoft Headquarters Microsoft Corporation (NASDAQ:MSFT) provides AI-powered cloud, productivity, and business solutions, focusing on efficiency, security, and AI advancements. One of the most notable analyst calls on Thursday, March 20, was for Microsoft Corporation. Scotiabank initiated the stock as 'Buy', stating that its shares are poised to 'Excel'. Analysts at the firm consider 2025 to be a 'paradigm-shifting year during which customer investments accelerate in AI on Azure and Microsoft 365 Copilot.' The firm considers Microsoft to be a 'leading horseman of the AI revolution,' anticipating AI to generate sustainable growth for the company. 'We have initiated coverage on the common shares of Microsoft Corporation (MSFT or Microsoft) with a Sector Outperform rating and a one-year target of $470 per share.' Overall, MSFT ranks 2nd on our list of AI stocks that are catching Wall Street's attention. While we acknowledge the potential of MSFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MSFT but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
International Business Machines Corporation (NYSE:IBM) Gets a Fresh ‘Buy' Rating as AI and Red Hat Lead the Charge
We recently published a list of the In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against other AI stocks that are catching Wall Street's attention. Beijing is reportedly boosting domestic AI firms that have received overseas recognition. In its latest, the Chinese artificial intelligence startup Manus was featured for the first time in a state media broadcast. The company has recently registered its China-facing AI assistant. Manus gained attention in the tech world when it released what it claimed to be the world's first general AI agent. It stated that it could handle complex tasks with much less prompting compared to chatbots from DeepSeek or ChatGPT. READ ALSO: and Investors are celebrating the company as another breakthrough following the low-cost AI models from DeepSeek. However, its availability remained limited after launch. Users aiming to test Manus were frustrated since the product could only be tested with an invitation-only arrangement. Such was the scarcity that critics accused the Manus team of intentionally deploying scarcity marketing tactics. 'The current invite-only mechanism is due to genuinely limited server capacity at this stage.' -Manus AI's product partner Zhang Tao. Nevertheless, Beijing has been supporting Manus' rollout within China, much like its stance on DeepSeek's success. On March 20, State broadcaster CCTV devoted television coverage to Manus for the first time. It published a video on the difference between its AI agent and DeepSeek's AI chatbot. The company has also completed the registration for its AI assistant Monica. Registration is required for generative AI apps in China, with Manus clearing an important regulatory hurdle. All generative AI applications released in China are required to abide by strict rules. These rules exist to ensure that these products do not generate content considered sensitive or damaging by Beijing. Despite its success, Manus has been publicly questioned for the originality of its technology. This is because the product is based on existing large language models (LLMs), whose details the team did not disclose. This is different from the foundation model innovation from DeepSeek. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). JuliusKielaitis / Business Machines Corporation (NYSE:IBM) is a multinational technology company and a pioneer in artificial intelligence, offering AI consulting services and a suite of AI software products. On March 17, Erste Group analyst Hans Engel upgraded the stock to 'Buy' from Hold. According to the analyst, IBM is poised to grow more strongly this year and next year than in the previous year. This growth is driven by the 'solid' growth rates of Red Hat software and increasing implementations of AI applications for customers. The analyst further stated that operating profit is expected to grow slightly faster than revenue. Overall, IBM ranks 9th on our list of AI stocks that are catching Wall Street's attention. While we acknowledge the potential of IBM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IBM but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
