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Real-time News
On November 10th, TSMC (TSM.N) reported October sales of NT$367.47 billion, a 16.9% year-on-year increase, the lowest growth rate since February 2024. Analysts on average expected TSMCs sales to grow by 27.4% this quarter. TSMCs slowing revenue growth may be another sign that demand for artificial intelligence is gradually returning to rationality after a market bubble. However, TSMCs stock price has risen approximately 37% since the beginning of the year. Global tech stocks experienced a sell-off last week as investors grew increasingly concerned about the overvaluation of the technology sector, with several Wall Street CEOs warning of a belated market correction. Michael Burrys hedge fund, Scion, also disclosed a short position in Nvidia. However, industry executives remain optimistic about AI-driven growth.Market news: South Koreas presidential committee has approved a 53%-61% reduction in greenhouse gas emissions by 2035.November 10 - According to the Japan Meteorological Agency, a 6.2-magnitude earthquake struck off the east coast of Iwate Prefecture, Japan, at approximately 4:23 p.m. local time on November 10. The maximum intensity of the tremor was 3, and the focal depth was 10 kilometers.On November 10, Li Chunlin, Vice Chairman of the National Development and Reform Commission, stated that government agencies, public institutions, and state-owned enterprises should strengthen their exemplary role. State-owned enterprises, especially central enterprises, should proactively open up their core business areas to attract private enterprises, SMEs, and research institutions to participate.ECB Vice President Guindos: Inflation is about to get very close to the target.
