Fun

News Feed - 2023-10-11 11:10:25

Prashant Jha9 hours agoAsian markets surge as European stocks show mixed performanceAsian stocks surged across the board on Wednesday led by South Korean market, while European markets had a mixed day.378 Total views5 Total sharesListen to article 0:00Vintage FinanceJoin us on social networksThe stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board, while European markets had a mixed day. While South Korea’s bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.South Korea leads Asian stock rally


South Korea took the lead on Wednesday among Asia-Pacific stocks, aided by a surge in its tech stocks. South Korea’s Composite Stock Price Index, or Kospi, closed the day with a 1.98% gain at 2,450.08 points, hitting a two-week high, while chip giant Samsung Electronics jumped 2.71%.


Japan’s Nikkei 225 scaled a notable 0.6% to reach 31,936.51 points, its highest level in over two weeks. This stability can be attributed to a recent Reuters Tankan survey, which indicated consistent business morale among major Japanese firms.Nikkei 225 index daily price chart. Source: Investing.com


The Hang Seng Index in Hong Kong surged 1.4% in the final hour of trading, on track to rise for the fifth straight session. In Hong Kong, investor optimism was boosted Wednesday by a Bloomberg report that the government is considering increasing building investment to bolster the economy.Hang Seng Index daily price chart. Source: Investing.com


Mainland Chinese markets finished higher, with the benchmark CSI 300 Index rising 0.28% to 3,667.55 points.European stocks show mixed returns


European equities fell on Wednesday, with luxury conglomerate LVMH dragging the sector lower on disappointing sales, while Novo Nordisk surged after a favorable update on its diabetes treatment Ozempic.


The pan-European stock index STOXX 600 rose 0.1% to a one-week high, while most regional markets were neutral. France’s blue-chip index, FCHI, underperformed most others, registering a decline of 0.6% on daily charts.


LVMH fell 6.6% to a 10-month low after reporting a 9% increase in third-quarter revenue, indicating slower growth as a big wave of post-pandemic spending eases. Shares of Hermes and Kering plummeted more than 2% each.


Vintage Finance is dedicated to the in-depth exploration and reporting of traditional financial news, tracing the journey of global markets and economies from the Stone Age to the Stoned Age.# Business# Europe# Stocks# Stock Market Indexes# Market ReleaseAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensMichael Lewis" new book puts a positive spin on Sam Bankman-FriedThe economy is surging — which means it might be time to start buying Bitcoin

News Feed

Derek Andersen6 hours agoSen. Warren, 100+ legislators write White House, Treasury about crypto and terrorismThe letter was signed by crypto opponents and many lawmakers who had been neutral on crypto until now.1007 Tota
Nigeria to Pay 1.2 Cents for Each Dollar Remitted to the Country to Combat Cryptocurrency Use
Nigeria to Pay 1.2 Cents for Each Dollar Remitted to the Country to Combat Cryptocurrency Use The Central Bank of Nigeria (CBN) has announced a scheme that seeks
Does Hong Kong have issues with USDT and USDC? — Exec weighs in
Helen Partz12 hours agoDoes Hong Kong have issues with USDT and USDC? — Exec weighs inAs Hong Kong looks into creating Hong Kong dollar and US dollar stablecoins, a local industry executive addresses possible implicati
Circle’s USDC overtakes Tether’s USDT in stablecoin transactions — Visa
Zoltan Vardai10 hours agoCircle’s USDC overtakes Tether’s USDT in stablecoin transactions — VisaDespite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin mark
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security On March 9, 2023, New York attorney general Letitia James announced that her office had once
Savannah Fortis12 hours agoWorldcoin expects more companies to integrate in the coming months, says product headThe head of product at Tools for Humanity told Cointelegraph that Worldcoin is expecting more companies to i
Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round
Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According
Core Scientific shares climb 12% after CoreWeave expands GPU hosting deal
Ana Paula Pereira7 hours agoCore Scientific shares climb 12% after CoreWeave expands GPU hosting dealCore Scientific will add 112 megawatts for CoreWeave’s GPUs and projects $2 billion in additional revenue from the 12
Meta Calls 2023 a ‘Year of Efficiency;’ Anticipates More Losses in Its Metaverse Division
Meta Calls 2023 a "Year of Efficiency;" Anticipates More Losses in Its Metaverse Division Meta, the company that owns Facebook, Instagram, and Whatsapp, has shared its fourth quart
Strategist at Southeast Asia’s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price
Strategist at Southeast Asia"s Largest Bank DBS Says Bitcoin Is Unique Regardless of Price An investment strategist at Southeast Asia’s largest bank, DBS, says bitcoin is un
Ana Paula Pereira6 hours agoG20 moves forward with international crypto frameworkThe upcoming framework will affect users in several countries by automatically exchanging information about crypto transactions between jur
Finder’s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide
Finder"s Poll Shows Vietnam Holds the Highest Percentage of Crypto Ownership Worldwide On Friday, the product comparison website Finder published the company&rsq