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Norsk Hydro ASA is a leading global producer of aluminum and energy, with sales activities divided into aluminum production and refining (18.4%), aluminum product manufacturing (42.7%), aluminum sales and trading (36.5%), and energy production (2.4%). Geographically, the company generates revenue primarily from the United States (22.8%), followed by Germany (10.9%) and other regions, including Europe and Asia.
The Dow Jones Industrial Average surpassed 45,000 for the first time, marking a significant milestone amid steady gains since the election. The S&P 500 has returned to 6000, with support seen at 5865, while the Nikkei 225 remains stable at 38,000, needing to close above 39,000 to target 40,000.
IG
Shares of major semiconductor equipment firms surged following reports that the U.S. is considering less stringent sanctions on China's chip industry. ASML and Tokyo Electron saw significant gains as the U.S. may limit the export blacklist for Chinese firms, potentially softening the impact on ASML's revenue from China. Analysts noted that excluding ChangXin Memory Technologies from the blacklist could lead to a smaller decline in ASML's sales than previously expected.
Tokyo Gas is exploring options to enhance the value of its real estate assets, including the potential sale of underutilized properties, following pressure from an activist investor. President Shinichi Sasayama indicated that the company aims to improve capital efficiency and plans to raise its mid-term return-on-equity target of 8% once achieved.
Asian markets showed mixed results amid global economic uncertainty, with Japan's Nikkei rising 0.8% and the Topix up 1.0%, driven by a weak yen. In contrast, China's Shanghai index fell 0.3% as investor sentiment remained fragile due to fears of a potential tariff war linked to US policies. Notably, Tokyo Electron surged 6.45%.
India's equity markets are emerging as a rare bright spot amid global turmoil, with the Sensex up 0.62% in November and the Nifty 50 down just 0.15% in dollar terms. In contrast, major developed markets like France's CAC 40 and Germany's DAX have seen significant declines, highlighting India's resilience as the most stable market outside the US.
The global 5G in Telemedicine market is poised for significant growth from 2024 to 2031, driven by evolving consumer demands and the impact of the COVID-19 pandemic. Key regions such as North America, Europe, and Asia-Pacific are highlighted for their investment potential, while the report analyzes market dynamics, competitive landscapes, and emerging trends. Companies can leverage insights on market drivers, challenges, and opportunities to enhance their strategies and ensure long-term success.
Shares of Japanese semiconductor companies surged following reports that the US government may implement lighter restrictions on chip equipment and AI memory semiconductor sales to China. Tokyo Electron Ltd. saw a rise of up to 10%, while Kokusai Electric Corp. experienced a remarkable 23% increase at one point.
The Biden administration is preparing to implement new restrictions on semiconductor equipment and AI memory chip sales to China, aiming to intensify the US crackdown on Beijing's tech ambitions. These measures, expected to be announced soon, have evolved through extensive discussions with allies and lobbying from American chip manufacturers concerned about potential business impacts.
A senior member of the Democratic Party for the People, Motohisa Furukawa, stated that the Bank of Japan is unlikely to make abrupt policy changes that would disrupt budget discussions. He emphasized that while the economy faces deflation risks, the central bank should avoid hastily raising interest rates during this critical period.
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