Day: August 20, 2025
SoftBank Group shares plunge over 9% as Asian tech stocks decline
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty Images Shares of SoftBank Group plunged as much as 9.17% Wednesday, as technology stocks in Asia declined, tracking losses in U.S. peers overnight. The Japanese tech-focused investment firm saw shares drop […]
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Pop Mart shares fall after Labubu-maker posts near-400% profit surge
Visitors visit the “the monsters Convenience Store” themed exhibition created by POP MART with IP LABUBU as the selling point, Shanghai, China, July 23, 2025. Cfoto | Future Publishing | Getty Images Shares in Chinese toymaker Pop Mart fell Wednesday, a day after the company posted a near-400% surge in net profit, driven by booming […]
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Asia markets track Wall Street declines; Japan exports notch steepest drop in over four years
Dukai Photographer | Moment | Getty Images Asia-Pacific markets fell Wednesday, tracking Wall Street declines overnight, as investors parsed Japan’s trade data and China’s loan prime rate decision. Japan’s exports dropped 2.6% year over year in July, notching their steepest drop in over four years. The fall was sharper than the 2.1% contraction expected by economists […]
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CNBC Daily Open: Not even fire extinguishers can escape the Trump administration’s tariffs
An aerial view of a cargo ship being loaded with shipping containers at the Port of Baltimore in Baltimore, Maryland, on August 7, 2025. Jim Watson | Afp | Getty Images Even as tariff-related ruction appears to be settling down for the summer, U.S. President Donald Trump’s administration is still reshaping global trade and industry. […]
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Japan’s July exports clock steepest plunge in over four years, dropping by a more than expected 2.6%
Owngarden | Moment | Getty Images Japan’s exports plunged 2.6% year over year in July, their steepest drop since February 2021, as shipments to its two largest markets slipped. The fall was sharper than the 2.1% contraction expected by economists polled by Reuters and compared to the 0.5% drop seen in June. Imports to the […]
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