Alphabet (GOOGL) made the biggest splash, spiking more than 12 percent to new record highs. The search giant benefited from a stay-at-home boom in online advertising. But a lot more is going on.
Netflix and Intel reported strong results this week as earnings season marches toward the major tech stocks.
Ever heard of Pinduoduo? GSX Techedu, or Bilibili? They’re among a handful of technology stocks breaking out to new highs as investors embrace China’s flourishing digital economy.
Xiaomi Corporation is a Chinese electronics company headquartered in Beijing and listed on the Hong Kong Stock Exchange (stock code:1810). Xiaomi produces smartphones, laptops, and Internet of things (IoT) products, as well as internet services. It was founded by Lei Jun in 2010 and grew rapidly to a major tech player in China. Xiaomi started its international expansion from 2014 and went public on HKSE in July 2018.
Skyworks Solutions (SWKS), Microchip Technology (MCHP), On Semiconductor (ON) and Cypress Semiconductor (CY) all pushed higher after releasing their quarterly results. Some beat estimates and others merely came in line, but they all gained on hopes that the worst of the industry’s slowdown has passed.
If you choose to trade with Monex, it’s even easier. We don’t charge application fees or inactivity fees. What you do need is proper market research. It will help you create a diverse portfolio, with viable shares from the West and the Orient. Monex trades in 12 markets, including Malaysia, so we keep a close eye on happenings there.
A lot of us are digital natives. We use the internet almost without thought, and our computing devices are as natural and essential to us… Read More »Everything you need to know about online trading