{
}
This week saw a surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March as the region's startup ecosystem continues to evolve.
This week marked a significant surge in mergers and acquisitions across Asia's tech landscape, with 86 deals totaling over US$680 million. Notable transactions include Zolve's US$251 million funding in India and Otorio's US$120 million acquisition by Armis in Israel. The momentum suggests a robust start to March, potentially signaling a revitalization in the region's investment climate.
US stock markets fell, with the US 500 entering correction territory amid trade war concerns and geopolitical tensions. The Australia 200 also declined, influenced by a major US bank downgrading Australian equities due to trade risks. Key economic indicators, including job openings and inflation rates, showed mixed results, while upcoming data releases are anticipated to impact market sentiment.
Asia's tech and startup scene is buzzing with significant funding rounds, including US$140 million for India's Darwinbox and US$69 million for UAE's Flow48. Notable acquisitions include India's Digiledge by Mintoak and I Freedom by Boss Wallah, highlighting a dynamic investment landscape. Additionally, the evolution of crowdfunding platforms like Kickstarter is reshaping funding opportunities for both indie creators and established brands.
EUR/USD, GBP/USD, and AUD/USD are experiencing rallies following US President Trump's announcement of a one-month exemption for US automakers from new tariffs on imports from Mexico and Canada. EUR/USD has risen above the 200-day SMA at $1.0721, targeting the November peak of $1.0936 and the psychological $1.1000 level. GBP/USD has advanced past the 200-day SMA at $1.2785, eyeing the October low at $1.2910 and the $1.3000 region. Meanwhile, AUD/USD has recovered from a low of $0.6187, surpassing the January high at $0.6302, with further resistance at the February high of $0.6408.
Global dividends reached a record $1.75 trillion in 2024, marking a 6.6% increase, driven by significant contributions from new dividend initiators like Meta and Alphabet. The financial sector led the growth, while mining and transport sectors saw declines. Despite regional disparities, the overall trend reflects a strong commitment to returning capital to shareholders, with forecasts suggesting continued growth into 2025.
The US Tech 100 and Australia 200 indices are navigating market volatility, with both experiencing significant pullbacks after reaching record highs in mid-February. The US Tech 100 is testing crucial support levels, while the Australia 200 faces potential declines if it breaks below its 200-day moving average. In currency trends, the Australian dollar may rise to $0.65 before a downtrend resumes, and Bitcoin remains volatile, with a sideways phase expected unless it breaks above 100,000. Crude oil has seen a rebound from recent lows, with potential upside if support holds.
EUR/USD and GBP/USD are rallying on optimism surrounding a German stimulus package, while AUD/USD struggles amid US tariffs on Canada, Mexico, and China. EUR/USD is attempting to break through a key resistance area between $1.0461 and $1.0533, with support at $1.0360. GBP/USD remains bullish as long as it holds above $1.2564, while AUD/USD seeks support near $0.6180.
The Australia 200 index fell 58 points (-0.70%) to 8187 amid escalating trade tensions, hitting a seven-week low of 8150.2 before some buying emerged. The US economy faces challenges as manufacturing PMI declines, while Australian GDP forecasts improve, suggesting resilience despite the trade war. In the energy sector, crude oil prices dropped 2% as OPEC plans to increase supply, impacting stocks like Beach Energy and Santos. The mining sector also suffered, with iron ore prices falling below $100, affecting companies like Mineral Resources and Fortescue.
The AUD/USD fell 2.32% last week, marking its worst performance since November 2023, driven by global concerns, tariff uncertainties, and a soft consumer sentiment report. As Australia prepares for its Q4 GDP release, forecasts suggest a modest growth of 0.4% quarter-on-quarter, while the RBA anticipates further rate cuts. The currency remains under pressure, with risks skewed to the downside as it trades below the 200-day moving average.
Australian Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
asia's tech sector sees surge in mergers and acquisitions this week
Chinese Yuan
Hong Kong Dollar
United States Dollar
Australian Dollar
Insilico Medicine
Sola Security Ltd.
JPN
KOR
IDN
HKG
IND
SGP
THA
ISR
NGA
CHN
Mike Moritz
Fred Armisen
Rakesh Perfios
Eli Lilly
Show more
10:30 15.03.2025
Asia's tech sector sees record M&A activity and significant funding deals
Australian Dollar
Chinese Yuan
Hong Kong Dollar
United States Dollar
METISA ON
Sola Security Ltd.
Vuno Inc.
SNB SONDERSATZ
Insilico Medicine
JPN
NGA
IND
IDN
KOR
SGP
ISR
THA
CHN
Mike Moritz
Eli Lilly
Fred Armisen
Rakesh Perfios
Show more
10:30 15.03.2025
us stock markets enter correction as trade war concerns escalate
Australian Dollar
Japanese Yen
Chinese Yuan
United States Dollar
GBR
NZL
JPN
RUS
USA
AUS
CHN
Jerome Powell
Bjorn Jarvis
Show more
06:24 14.03.2025
fundraising insights and startup success stories from asia's tech landscape
United States Dollar
Chinese Yuan
Indian Rupee
Australian Dollar
ARE
ISR
SGP
AUS
IND
IDN
PHL
CHN
Show more
10:30 08.03.2025
currencies rally as us automakers receive tariff exemption from trump
23:07 06.03.2025
global dividends hit record 1.75 trillion driven by new payouts
United States Dollar
Canadian Dollar
Chinese Yuan
Japanese Yen
Australian Dollar
USA
CAN
FRA
JPN
CHN
AUS
Donald Trump
Elon Musk
Joe Biden
Show more
06:21 06.03.2025
market volatility impacts us tech and australia 200 amid economic challenges
05:48 05.03.2025
euro and pound strengthen on german stimulus hopes while australian dollar falters
22:28 04.03.2025
Australia 200 declines amid rising trade tensions and economic forecasts
Russian Ruble
United States Dollar
Australian Dollar
Mexican Peso
Commonwealth Bank of Australia
RUS
MEX
AUS
USA
Justin Trudeau
Claudia Sheinbaum
Timothy Fiore
Show more
06:17 04.03.2025
australian dollar struggles ahead of crucial gdp data release
United States Dollar
Australian Dollar
Chinese Yuan
Mexican Peso
Reserve Bank of Australia
CAN
MEX
CHN
AUS
Show more
06:06 03.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Industry Mergers & Acquisitions
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Workplace Trends
Startups & Entrepreneurship
Supply Chain Management
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
UBS Group AG
Credit Suisse Lux Digital Healt
Amazon.com, Inc.
Banco Santander, S.A.
Credit Suisse Strategic Income I
NVIDIA Corporation
AXA SA
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: