TC Lim 212
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$99SMART (5326.MY)$
Tianshi: Win at the starting point and secure market position in the convenience store market
Location: Convenient and multi-store, the king of local groceries
People and people: Affordable prices and local businesses. Most of the products, especially food, are made locally
99 means a long time; this business is expensive and running out of thin water.
So I'm here to gather some fun and hope to successfully apply for an IPO
Tianshi: Win at the starting point and secure market position in the convenience store market
Location: Convenient and multi-store, the king of local groceries
People and people: Affordable prices and local businesses. Most of the products, especially food, are made locally
99 means a long time; this business is expensive and running out of thin water.
So I'm here to gather some fun and hope to successfully apply for an IPO
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Join our webinar to understand How U.S Rate Cuts Influnce Malaysia's Stock Market. Stay informed, stay ahead! Register now.
Table of Content
1. Understanding U.S. Rate Cuts
2. Global Economic Linkages
3. Malaysia's Stock Market Dynamics
4. Strategic Responses for Investors
5. Q&A Session
Table of Content
1. Understanding U.S. Rate Cuts
2. Global Economic Linkages
3. Malaysia's Stock Market Dynamics
4. Strategic Responses for Investors
5. Q&A Session
How U.S Rate Cuts Influnce Malaysia's Stock Market
Aug 20 07:00
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TC Lim 212
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$ELRIDGE (0318.MY)$ applied all available ipo at moomoo since moomoo launch ipo application, but I never successful before, including the latest one from $EPB (0317.MY)$ ... Anyone else same like me..?
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The poor financial reports of tech giants triggered market panic selling, leading to a significant decline in the US stock market. The S&P 500 and the Nasdaq Index recorded the biggest single-day drop in a year and a half, falling by 2.3% and 3.6% respectively. This decline caused the S&P 500 to break below the 50-day moving average for the first time since May, ending the longest period without a single-day drop of over 2% since 2007. The Dow also fell by 500 points, while small-cap indexes dropped by 2.1%. The sharp decline of Tesla, Google, and chip stocks further exacerbated the market's downward pressure.
In addition, former US Federal Reserve officials called for an immediate rate cut to address the economic slowdown, while the Bank of Canada announced a 25 basis point rate cut and hinted at further easing in the future, reflecting increased pressure on loose monetary policies globally.
In other market dynamics, the US Markit manufacturing PMI hit a 7-month low, while the services PMI reached a 28-month high, showing a growing divergence between manufacturing and services. Economic data in the Eurozone also indicated weakness in manufacturing, particularly with Germany's composite PMI unexpectedly contracting, increasing the risk of an economic recession.
In the Asian markets, despite the general downtrend in global stock markets, the Shanghai Composite Index returned above 2900 points, with electric power stocks rising against the trend, and China Yangtze Power's stock price reaching a new high. This indicates that amid intensified global market volatility, some Asian markets have shown a certain level of resilience.
$Tesla (TSLA.US)$ $Alphabet-C (GOOG.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Russell 2000 Index (.RUT.US)$
In addition, former US Federal Reserve officials called for an immediate rate cut to address the economic slowdown, while the Bank of Canada announced a 25 basis point rate cut and hinted at further easing in the future, reflecting increased pressure on loose monetary policies globally.
In other market dynamics, the US Markit manufacturing PMI hit a 7-month low, while the services PMI reached a 28-month high, showing a growing divergence between manufacturing and services. Economic data in the Eurozone also indicated weakness in manufacturing, particularly with Germany's composite PMI unexpectedly contracting, increasing the risk of an economic recession.
In the Asian markets, despite the general downtrend in global stock markets, the Shanghai Composite Index returned above 2900 points, with electric power stocks rising against the trend, and China Yangtze Power's stock price reaching a new high. This indicates that amid intensified global market volatility, some Asian markets have shown a certain level of resilience.
$Tesla (TSLA.US)$ $Alphabet-C (GOOG.US)$ $iShares Semiconductor ETF (SOXX.US)$ $Russell 2000 Index (.RUT.US)$