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U.S. markets retreated after a week of postelection enthusiasm, with the S&P 500 down 0.29% and the Dow Jones Industrial Average falling 0.86%. Asian markets followed suit, led by a 2% drop in South Korea’s Kospi. Oil prices are predicted to fall to $30-$40 a barrel if OPEC+ unwinds output cuts, while Swiggy's shares surged 15% on its trading debut in India. Bitcoin briefly reached $90,000 but settled at $86,895.50, with expectations of hitting $100,000 later this year. Investors are now focused on upcoming inflation data, anticipating a rise in the consumer price index.
The report provides a comprehensive analysis of the global VR/AR Technology for Healthcare market, detailing market size, growth potential, and segment analysis by type and application across various regions. It examines key market drivers, challenges, and opportunities, alongside competitive insights and emerging trends, offering a roadmap for stakeholders in the industry.
Japan is investing over 10 trillion yen ($65 billion) to revitalize its semiconductor industry, aiming to triple domestic chip sales by 2030. The initiative includes support for Rapidus, a state-backed venture focused on producing advanced 2-nanometer chips, as Japan seeks to regain its former chip leadership amid competition from Taiwan and South Korea. The plan also involves attracting global chipmakers like TSMC and Intel to bolster the local supply chain and enhance technological capabilities.
Hyundai Motor India reported a 16% decline in net profit for Q2, totaling Rs 1,375 crore, disappointing investors. Veteran investor Samir Arora commented on the results, suggesting that Korean promoters have outperformed Indian ones, highlighting the trend of inflated growth projections during IPOs that lead to investor letdowns. Following the earnings report, Hyundai's shares fell by 4.7% on the NSE.
South Korean stocks are poised to hit a one-year low as foreign investors offload shares in major exporters like Samsung Electronics, which are at risk from Donald Trump's protectionist trade policies. The benchmark Kospi index dropped by as much as 2.3% on Wednesday, making it the worst performer in Asia amid a regional selloff driven by concerns over potential tariffs and rising inflation.
Korea Zinc Co. has abandoned its $1.8 billion share sale plan following a selloff and an investigation by the financial watchdog. The decision, influenced by feedback from market participants and shareholders, hampers Chairman Choi Yun-beom's efforts to gain support and address debt.
Korea Zinc Co. is set to decide on a contentious $1.8 billion share sale plan amid rising pressure, following a stock selloff and an investigation by the financial watchdog. The dispute has intensified between major shareholders, particularly after MBK Partners Ltd. and Young Poong Corp. launched an unsolicited bid.
The U.S. government is reforming export controls for space technologies, moving many items from the U.S. Munitions List to the less-restrictive Commerce Control List. New rules aim to streamline licensing for exports to allies, while industry feedback is sought on proposed bandwidth thresholds for synthetic aperture radar satellites. The public comment period ends on November 22, with final changes expected by early 2024.
Swiss startup Sun-Ways plans to install removable solar panels between railway tracks, utilizing over a million kilometers of global railways for renewable energy generation. A trial phase begins in 2025, aiming to produce significant solar energy while addressing regulatory and safety concerns. If successful, this innovative approach could harness existing infrastructure to meet energy needs sustainably.
The global healthcare BPO market is projected to grow from $308.43 billion in 2023 to $560.2 billion by 2028, with a compound annual growth rate of 12.9%. Key growth drivers include the rise of clinical process outsourcing, remote patient monitoring, and advancements in AI and data analytics. North America leads the market, while Asia-Pacific is expected to be the fastest-growing region.
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