Goldman Sachs: The pace of interest rate cuts in Asia will slow down due to the risk of US tariffs.

According to Goldman Sachs, due to the strong US dollar and the risk of tariffs imposed by the Trump administration, Asian central banks will be cautious in further loosening policies. The company's chief economist for the Asia-Pacific region, Andrew Tilton, stated that Goldman Sachs believes that the South Korea central bank will not cut interest rates further this week. Last week, Indonesian officials stated that due to the political situation in the usa, Indonesia has limited room to lower borrowing costs.

Global Market Report23:26 ET

Swedish battery manufacturer Northvolt filed for bankruptcy in the United States. Shareholder Goldman Sachs (GS.US) may incur a loss of 0.9 billion US dollars.

Media on Saturday cited a letter to investors stating that Swedish electric car battery maker Northvolt filed for bankruptcy protection earlier this week in the USA, causing Goldman Sachs to incur losses of nearly 0.9 billion US dollars.

Zhitong Finance22:41 ET

Weekend news: The total amount of usa national debt exceeds 36 trillion dollars. Anthropic receives another 4 billion dollar investment from amazon. Tesla and Rivian reach a conditional settlement.

For more global financial news, please visit 24/7 real-time financial news. Market review last week: The Dow rose over 400 points to a new high, with all three major stock indexes recording gains for the week. On November 22, the top 20 US stock turnover includes reports that Tesla is preparing for the Cybertruck to enter the Chinese market. Popular China concept stocks had mixed performance on Friday, with Wanxiang Reburn increasing by 9.2% and pdd holdings falling by 3.9%. US WTI crude oil rose 6.5% this week, escalating tensions between Russia and Ukraine driving up oil prices. Spot gold rose 5.7% in five days, regaining the $2,700 level. European stocks collectively closed higher, with the German DAX 30 index rising by 0.8%.

Global market broadcast16:56 ET

Express News | Goldman Sachs Takes $900Mn Hit on Northvolt Investment - FT

ReutersNov 23 10:22 ET

Overnight news: US stocks closed higher, Dow hit a new high, escalation of Russia-Ukraine conflict boosted oil prices, Tesla is preparing for the Cybertruck to enter the China market

For more global financial news, please visit the 7×24 hours real-time financial news market close: The Dow Jones closed over 400 points higher, setting a new historical high. All three major indices recorded gains this week. On November 22, the top 20 transactions in the US stock market: It is reported that Tesla is preparing for the Cybertruck's entry into the china market. On Friday, china concept stocks showed mixed results, with WeRide rising 9.2% and pdd holdings falling 3.9%. The crude oil in the usa rose 6.5% this week, while the escalation of the Russia-Ukraine conflict pushed oil prices higher. Spot gold rose 5.7% in five days, regaining the $2,700 mark. European stocks all closed higher, with Germany's DAX 30 index up 0.84%. Macro.

Global Market ReportNov 22 17:31 ET

Top 20 turnover of US stocks on November 22: Tesla is reportedly preparing to launch Cybertruck in the Chinese market

On Friday, the top trading volume stock in the usa, nvidia, closed down 3.22%, with a trading volume of 33.481 billion USD. On Wednesday, nvidia reported that its revenue for the third fiscal quarter was 35.082 billion USD, a year-on-year increase of 94% and a quarter-on-quarter increase of 17%; its net income was 19.309 billion USD, a year-on-year increase of 109% and a quarter-on-quarter increase of 16%; the adjusted net income not in accordance with usa generally accepted accounting principles was 20.01 billion USD, a year-on-year increase of 100% and a quarter-on-quarter increase of 18%. The company's CFO stated that the demand for the Blackwell ai chip is astonishing, having sent out 0.013 million samples to partners. Goldman sachs

Global Market ReportNov 22 17:01 ET