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POPULAR NEWS
Oil prices fall 2% on demand concerns as coronavirus spreads outside China

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. Brent crude fell by $1.50 or 2.5% to $57.00 a barrel by 2332 GMT. U.S. crude futures fell by $1.26 or 2.3% to $52.12. Concerns about the coronavirus grew on Sunday after sharp rises in infections in South Korea, Italy and Iran. South Korea's government put the country on high alert after the number of infections surged to over 600 with...

Gold price rally has revived demand for call options, risk reversals show

Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to buy the yellow metal at an agreed price on or before a particular date. The yellow metal broke out of a contracting triangle last week, resuming the rally from November lows near $1,475 and rose to a seven-year high of $1,681 in the early Asian session on Monday. At press time, gold is trading at $1,660 per Oz, representing a 6.27% gain on the...

Gold Prices Expected To Maintain Upward Momentum

Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of  chart-based momentum and ongoing worries about the coronavirus outbreak. The metal soared to a seven-year high on last Friday, fueled by the continued spread of the virus around the world and prompting worries this will dent economic growth. Some observers also cited expectations for continuing soft...

Hong Kong stocks sharply down at open

Hong Kong stocks extended losses at the start of trade on Monday as investors fret over the spread of the deadly coronavirus around the world. The Hang Seng Index fell 0.75 percent, or 203.46 points, to 27,105.35. The benchmark Shanghai Composite Index dropped 0.39 percent, or 11.78 points, to 3,027.89 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was 0.09 percent, or 1.79 points, down at 1,905.56. Source: AFP

Gold Jumps Over 2% as Virus Spread Spurs Safe-Haven Demand

Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens. Spot gold was up 1.1% at $1,661.86 per ounce by 0304 GMT, after climbing to $1,678.58 earlier in the session. U.S. gold futures rose 1% to 1,664.60. Global equities extended losses as concerns about the spread of the virus beyond China grew with sharp...

Huawei Remains No. 2 Smartphone Seller Despite US Sanctions
Friday, 2 August 2019 01:04 WIB | GLOBAL |Global

Huawei remained the No. 2 global smartphone vendor in the past quarter despite tough U.S. sanctions imposed on the Chinese technology giant, market trackers said Wednesday.

The Chinese firm managed to boost its sales even as the overall market declined, remaining on the heels of sector leader Samsung and ahead of U.S.-based Apple.

According to Strategy Analytics, overall global smartphone sales fell 2.6 percent to 341 million units in the April-June period, but showed signs of stabilizing after several quarters of declines.

Samsung increased its market share to 22 percent, helped by a seven percent rise in handset sales, with growth seen in the mid-range and entry segments. The South Korean giant stayed ahead of Huawei, which was at 17 percent, and Apple at 11 percent of the market.

A separate report by Counterpoint Research offered similar findings, showing Samsung, Huawei and Apple in the three top spots as overall sales fell.

Analyst Tarun Pathak at Counterpoint said however the U.S. ban on technology sales to Huawei will have an impact in the coming months.

The surveys indicated Chinese makers Xiaomi and Oppo holding the fourth and fifth spots, largely due to sales in their home markets.

According to Counterpoint, the combined global smartphone market share of Chinese majors Huawei, Oppo, Vivo, Xiaomi, and Realme reached 42 percent, the highest it has ever been.

Source : VOA

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POPULAR NEWS
Oil prices fall 2% on demand concerns as coronavirus spreads outside China

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China. Brent crude fell by $1.50 or 2.5% to $57.00 a barrel by 2332 GMT. U.S. crude futures fell by $1.26 or 2.3% to $52.12. Concerns about the coronavirus grew on Sunday after sharp rises in infections in South Korea, Italy and Iran. South Korea's government put the country on high alert after the number of infections surged to over 600 with...

Gold price rally has revived demand for call options, risk reversals show

Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to buy the yellow metal at an agreed price on or before a particular date. The yellow metal broke out of a contracting triangle last week, resuming the rally from November lows near $1,475 and rose to a seven-year high of $1,681 in the early Asian session on Monday. At press time, gold is trading at $1,660 per Oz, representing a 6.27% gain on the...

Gold Prices Expected To Maintain Upward Momentum

Gold has enormous upward momentum at the moment, and that left participants in the weekly Kitco gold survey overwhelmingly expecting prices to keep rising this week due to the combination of  chart-based momentum and ongoing worries about the coronavirus outbreak. The metal soared to a seven-year high on last Friday, fueled by the continued spread of the virus around the world and prompting worries this will dent economic growth. Some observers also cited expectations for continuing soft...

Hong Kong stocks sharply down at open

Hong Kong stocks extended losses at the start of trade on Monday as investors fret over the spread of the deadly coronavirus around the world. The Hang Seng Index fell 0.75 percent, or 203.46 points, to 27,105.35. The benchmark Shanghai Composite Index dropped 0.39 percent, or 11.78 points, to 3,027.89 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, was 0.09 percent, or 1.79 points, down at 1,905.56. Source: AFP

Gold Jumps Over 2% as Virus Spread Spurs Safe-Haven Demand

Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China heightened worries about a hit to global economic growth, prompting a flight to safe havens. Spot gold was up 1.1% at $1,661.86 per ounce by 0304 GMT, after climbing to $1,678.58 earlier in the session. U.S. gold futures rose 1% to 1,664.60. Global equities extended losses as concerns about the spread of the virus beyond China grew with sharp...

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