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Hong Kong stocks eye worst week since global financial crisis, China falls milder on state support
HONG KONG, April 11(Reuters) - Hong Kong stocks lost ground on Friday and were on track for their biggest weekly decline since the 2008 global financial crisis, battered as China takes the brunt of U.S. President Donald Trump's escalating trade war.
Thermo King Launches Flagship LEGEND Trailer Refrigeration Unit with Asian-based Production
SHANGHAI, April 11, 2025 /PRNewswire/ -- Thermo King, a strategic brand of Trane Technologies (NYSE: TT), a global climate innovator, has announced the launch of its first Asian-made trailer refrigeration unit production line at the new smart plant in Wujiang, China. This production line is ded...PR Newswire
Fri, Apr 11
Japan's Nikkei slumps on trade war worries, stronger yen
TOKYO, April 11 (Reuters) - Japan's Nikkei share average slumped nearly 5% on Friday in a brutal end to a volatile week as investors worried about the economic fallout from the rapidly escalating U.S.-China trade war as well as a strong yen that has been lifted by safe-haven flows.
Reuters
Fri, Apr 11
EMERGING MARKETS-Stocks skid as Sino-US trade war keeps markets on edge
April 11 (Reuters) - Stocks in Asian emerging markets fell on Friday, retreating after a sharp rebound in the previous session, as investor anxiety over tariff uncertainty and the broader fallout from the Sino-U.S. trade war prompted a pullback from risk assets.Singapore's benchmark gauge .STI d...Reuters
Fri, Apr 11
EMERGING MARKETS-Stocks skid as Sino-US trade war keeps markets on edge
April 11 (Reuters) - Stocks in Asian emerging markets fell on Friday, retreating after a sharp rebound in the previous session, as investor anxiety over tariff uncertainty and the broader fallout from the Sino-U.S. trade war prompted a pullback from risk assets.Singapore's benchmark gauge .STI d...Reuters
Fri, Apr 11
GLOBAL MARKETS-Stocks, dollar sink, bonds pummelled again as trade war roils markets
Investor flock to safe havens, Swiss franc at 10-year high Gold races above $3,200 per ounce to record high Bond selloff resumes as investors flee US assets Asian stocks take a beating in brutal end to weekBy Ankur Banerjee SINGAPORE, April 11 (Reuters) - Global stocks slumped and the dollar sank...Reuters
Fri, Apr 11
Huitongda Network (9878.HK) Launches new AI+ Products and Strategy, Drives Domestic Consumption Demand
Huitongda Network (9878.HK) Launches new AI+ Products and Strategy, Drives Domestic Consumption DemandOn April 10, 2025, Huitongda Network (9878.HK) held an "AI+ Strategy and Product Launch Event,” while introducing its new program for nurturing young business owners.At the event, Huitongda Network unveiled a series of latest AI+ products and solutions, covering the needs of its member stores across different operation scenarios, with more than 50 agents supporting member stores to double their efficiency. Meanwhile, considering the growing importance of rural markets in stabilizing and driving economic and innovation development, Huitongda Network also announced its “AI+ strategy”, introducing its “1 cloud + 3 infrastructure” integrated AI system that consolidates cloud, edge, and terminal into one, which would be critical in facilitating the goods flow and intelligent trade development between urban and rural areas. “1 Cloud + 3 Infrastructure”: 50+AI Solutions to Double Store and Value Chain Efficiency “We have reached the era of result-oriented AI agents.” Sun Chao, Vice President of Huitongda Network and CEO of Huitong Datatech Smart Technology, explained the Company's latest "AI+ strategy”.“Huitongda Network is moving on from SaaS+ to AI+, using AI agents and smart terminals as its core in developing its Qiancheng Cloud AI System. The bundle is expected to provide rural family-owned businesses and upstream manufacturers with 50+ AI solutions, capable of boosting the efficiency of goods circulation between urban and rural areas.”Sun Chao gives further color on the implementation of AI+ strategy: “1 Cloud” refers to the upcoming launch of industry vertical large model “Qiancheng Cloud AI”; the “3 Infrastructure” refers to “AI+ industrial platform services” that connects upstream branded manufacturers with its member stores, which would allow its members to enjoy a competitive, intelligent supply chain, capable of facilitating the transaction of long-tail and personalized products; “AI+SaaS services” with products such as “AI+ supply chain” and “AI store”, which will be able to improve the procurement efficiency and boost transaction volume of its member stores; and “AI+ smart terminal services”, in which Huitongda Network established deep cooperation with AI hardware manufacturers to satisfy the proactive, localized and personalized AI needs of small businesses.“Taking our ‘AI+SaaS services’ as an example, our new ‘Qiancheng AI Super Store Manager’ APP has introduced 15 all-rounded AI agent solutions, focusing on 8 different aspects of operations, including procurement, marketing, activities, innovation, operation, sales, customer services, and community engagement. The solutions are expected to help retailers improve their daily operational and management efficiency, particularly in intelligent product management, marketing content production, multi-media content creation, and operational support.“For ‘AI+ smart terminal services’, we officially announced the launch of 2 different series of edge computing machines, ‘Xuanwu’ and ‘Zhongshan’, able to provide convenient one-stop AI solutions for our upstream and downstream clients.Sun Chao said Huitongda Network will focus on the implementation of “1 Cloud + 3 Infrastructure” strategy, in order to create more versatile agent application solutions, edge computing machines, and AI robots etc., providing further push to member stores’ operational efficiency. Cooperation between Government and Enterprise, Integration of Software and Hardware, the Launch of “Jiangsu Youth Store” project and “Qiancheng AI Ecosystem”During the event, Huitongda Network and its partners, including the Youth League of Jiangsu Provincial Committee, Sunmi Technology, ThinkForce Chip, Hikvision, and EZVIZ Network, announced the launch of 2 separate initiatives to support the implementation of the “1 Cloud + 3 Infrastructure” strategy.As a strategic partner of the "Jiangsu Youth Store" nurturing plan of the Youth League of Jiangsu Provincial Committee, Huitongda Network also announced the 2025 plan at the event. Both parties are going to provide comprehensive AI+ empowerment to more than 10,000 youth stores in 2025, helping young store managers to achieve sustainable development in AI applications, intelligent supply chain, digital marketing, and other aspects.At the same time, Huitongda Network also reached a strategic cooperation agreement with chip and hardware manufacturers, including ThinkForce Chip, Hikvision, EZVIZ Network, Sunmi Technology, etc to build a software and hardware integrated AI-service alliance. It has also kick-started its “Qiancheng AI Ecosystem Partnership Program”, providing member stores and industrial customers with diversified, personalized, integrated, and modularized AI solutions.From Digitalization to Intelligent Development, Huitongda Network “AI+Industry” to Boost Domestic Consumption DemandAs an industrial internet company that has been focusing on China’s rural markets, Huitongda Network has been pushing the transformation and upgrades of rural family-owned businesses with its digital technology and intelligent supply chain capability. Xu Xiuxian, Chief Executive Officer of Huitongda Network, highlights the Company’s cloud-based services and offline touchpoints, with its 250,000 member store network across the country, covering 21 provinces, 25,000 towns and villages.“The rural market has become a stabilizer and innovator in the country’s economic development. In the past 15 years, Huitongda Network has built a unique business ecosystem, proving itself against market cycles. On the backdrop of a growing emphasis on domestic consumption and technological development, Huidongda Network’s pursuit of AI will not only make us as an effective conductor, but also a platform that would drive the efficiency of rural market’s value chain.”Xu Xiuxian added, “Through the 3 major infrastructure (AI+SaaS services, AI+ smart terminal services, AI+ industrial platform services) from our ‘AI+ Strategy’, we expect to create notable synergies with our 3 major supply chain initiatives (brand express project, self-owned brand portfolio expansion, and open-ended intelligent supply chain). In the AI era, Huitongda Network will aim at promoting steady and high-quality development of enterprises through intelligent technology and intelligent supply chain, while also fulfilling its corporate mission of stimulating domestic demand, increasing local consumption, and energizing the development of rural economies in China.”File: Huitongda Network (9878.HK) Launches new AI+ Products and Strategy, Drives Domestic Consumption Demand11/04/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Fri, Apr 11
Huitongda Network (9878.HK) Launches new AI+ Products and Strategy, Drives Domestic Consumption Demand
Huitongda Network (9878.HK) Launches new AI+ Products and Strategy, Drives Domestic Consumption DemandOn April 10, 2025, Huitongda Network (9878.HK) held an "AI+ Strategy and Product Launch Event,” while introducing its new program for nurturing young business owners.At the event, Huitongda Network unveiled a series of latest AI+ products and solutions, covering the needs of its member stores across different operation scenarios, with more than 50 agents supporting member stores to double their efficiency. Meanwhile, considering the growing importance of rural markets in stabilizing and driving economic and innovation development, Huitongda Network also announced its “AI+ strategy”, introducing its “1 cloud + 3 infrastructure” integrated AI system that consolidates cloud, edge, and terminal into one, which would be critical in facilitating the goods flow and intelligent trade development between urban and rural areas. “1 Cloud + 3 Infrastructure”: 50+AI Solutions to Double Store and Value Chain Efficiency “We have reached the era of result-oriented AI agents.” Sun Chao, Vice President of Huitongda Network and CEO of Huitong Datatech Smart Technology, explained the Company's latest "AI+ strategy”.“Huitongda Network is moving on from SaaS+ to AI+, using AI agents and smart terminals as its core in developing its Qiancheng Cloud AI System. The bundle is expected to provide rural family-owned businesses and upstream manufacturers with 50+ AI solutions, capable of boosting the efficiency of goods circulation between urban and rural areas.”Sun Chao gives further color on the implementation of AI+ strategy: “1 Cloud” refers to the upcoming launch of industry vertical large model “Qiancheng Cloud AI”; the “3 Infrastructure” refers to “AI+ industrial platform services” that connects upstream branded manufacturers with its member stores, which would allow its members to enjoy a competitive, intelligent supply chain, capable of facilitating the transaction of long-tail and personalized products; “AI+SaaS services” with products such as “AI+ supply chain” and “AI store”, which will be able to improve the procurement efficiency and boost transaction volume of its member stores; and “AI+ smart terminal services”, in which Huitongda Network established deep cooperation with AI hardware manufacturers to satisfy the proactive, localized and personalized AI needs of small businesses.“Taking our ‘AI+SaaS services’ as an example, our new ‘Qiancheng AI Super Store Manager’ APP has introduced 15 all-rounded AI agent solutions, focusing on 8 different aspects of operations, including procurement, marketing, activities, innovation, operation, sales, customer services, and community engagement. The solutions are expected to help retailers improve their daily operational and management efficiency, particularly in intelligent product management, marketing content production, multi-media content creation, and operational support.“For ‘AI+ smart terminal services’, we officially announced the launch of 2 different series of edge computing machines, ‘Xuanwu’ and ‘Zhongshan’, able to provide convenient one-stop AI solutions for our upstream and downstream clients.Sun Chao said Huitongda Network will focus on the implementation of “1 Cloud + 3 Infrastructure” strategy, in order to create more versatile agent application solutions, edge computing machines, and AI robots etc., providing further push to member stores’ operational efficiency. Cooperation between Government and Enterprise, Integration of Software and Hardware, the Launch of “Jiangsu Youth Store” project and “Qiancheng AI Ecosystem”During the event, Huitongda Network and its partners, including the Youth League of Jiangsu Provincial Committee, Sunmi Technology, ThinkForce Chip, Hikvision, and EZVIZ Network, announced the launch of 2 separate initiatives to support the implementation of the “1 Cloud + 3 Infrastructure” strategy.As a strategic partner of the "Jiangsu Youth Store" nurturing plan of the Youth League of Jiangsu Provincial Committee, Huitongda Network also announced the 2025 plan at the event. Both parties are going to provide comprehensive AI+ empowerment to more than 10,000 youth stores in 2025, helping young store managers to achieve sustainable development in AI applications, intelligent supply chain, digital marketing, and other aspects.At the same time, Huitongda Network also reached a strategic cooperation agreement with chip and hardware manufacturers, including ThinkForce Chip, Hikvision, EZVIZ Network, Sunmi Technology, etc to build a software and hardware integrated AI-service alliance. It has also kick-started its “Qiancheng AI Ecosystem Partnership Program”, providing member stores and industrial customers with diversified, personalized, integrated, and modularized AI solutions.From Digitalization to Intelligent Development, Huitongda Network “AI+Industry” to Boost Domestic Consumption DemandAs an industrial internet company that has been focusing on China’s rural markets, Huitongda Network has been pushing the transformation and upgrades of rural family-owned businesses with its digital technology and intelligent supply chain capability. Xu Xiuxian, Chief Executive Officer of Huitongda Network, highlights the Company’s cloud-based services and offline touchpoints, with its 250,000 member store network across the country, covering 21 provinces, 25,000 towns and villages.“The rural market has become a stabilizer and innovator in the country’s economic development. In the past 15 years, Huitongda Network has built a unique business ecosystem, proving itself against market cycles. On the backdrop of a growing emphasis on domestic consumption and technological development, Huidongda Network’s pursuit of AI will not only make us as an effective conductor, but also a platform that would drive the efficiency of rural market’s value chain.”Xu Xiuxian added, “Through the 3 major infrastructure (AI+SaaS services, AI+ smart terminal services, AI+ industrial platform services) from our ‘AI+ Strategy’, we expect to create notable synergies with our 3 major supply chain initiatives (brand express project, self-owned brand portfolio expansion, and open-ended intelligent supply chain). In the AI era, Huitongda Network will aim at promoting steady and high-quality development of enterprises through intelligent technology and intelligent supply chain, while also fulfilling its corporate mission of stimulating domestic demand, increasing local consumption, and energizing the development of rural economies in China.”File: Huitongda Network (9878.HK) Launches new AI+ Products and Strategy, Drives Domestic Consumption Demand11/04/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Fri, Apr 11
Hong Kong stocks fall on growing trade war concerns, China shares flat
HONG KONG, April 11(Reuters) - Hong Kong stocks fell on Friday, hurt by growing concerns about the U.S.-Sino trade war and the potential for a global recession.The Hang Seng Index .HSI opened down 0.6%, while the tech subindex .HSTECH was 0.5% weaker. However, China's blue-chip CSI 300 Index .CS...Reuters
Fri, Apr 11
Berkshire Hathaway prices yen bonds totalling $627 million
By Miho Uranaka and Sam Nussey TOKYO, April 11 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. The sale comes as debt deals are being shelved because o...Reuters
Fri, Apr 11
Berkshire Hathaway prices yen bonds totalling $626 million
TOKYO, April 11 (Reuters) - Warren Buffet's Berkshire Hathaway BRKa.N has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. ($1 = 143.6100 yen)Reuters
Fri, Apr 11
Australian shares slump more than 2% as Trump's tariff concerns linger
April 11 (Reuters) - Australian shares tanked over 2% on Friday as investors, who drove a relief rally in the previous session, fretted about the trade face-off between the world's two largest economies and the fallout from U.S. tariffs on global economic growth.
Reuters
Fri, Apr 11
Cboe Expands Derivatives Market Intelligence Franchise into Asia Pacific with Strategic New Hire
Wei Liao to spearhead launch of Cboe's market intelligence and content franchise in APAC Expansion reflects growing demand for derivatives trading, data, and client education in the region Initiative furthers Cboe's continued growth of its Global Derivatives business in international markets ...PR Newswire
Fri, Apr 11
Japan's Nikkei falls 5% on Wall Street's sharp decline
TOKYO, April 11 (Reuters) - Japan's Nikkei share average slumped 5% in early trade on Friday, tracking Wall Street's sharp losses amid worries over uncertainty about the trade war's potential economic fallout.As of 0012 GMT, the Nikkei .N225 was down 5.1% at 32,855.56. The broader Topix .TOPX...Reuters
Fri, Apr 11
US stocks, dollar drop on lingering tariff worries, a day after relief rally
NEW YORK, April 10 (Reuters) - Major stock indexes and the U.S. dollar dropped on Thursday, with the S&P 500 ending down more than 3% as investors remained skittish, a day after U.S. President Donald Trump's move to temporarily lower tariffs on many countries caused a massive relief rally.Reuters
Fri, Apr 11
Trump trade war with China revives recession, bear market fears
WASHINGTON/BRUSSELS/BEIJING, April 10 (Reuters) - President Donald Trump's trade war rattled global markets anew on Thursday as stocks and oil prices sank amid fears China may once again respond in kind with higher tariffs to match the latest levies imposed by the United States.Reuters
Fri, Apr 11
Newsmax Stock Plummeted Today -- Is This a Buying Opportunity?
Newsmax (NYSE: NMAX) got hit with another day of steep sell-offs Thursday amid macroeconomic turbulence and an unfavorable court ruling. The company's share price ended the daily session down 26.8%.The S&P 500 index fell 3.5% today as investors reacted to new tariffs on China that were even higher t...The Motley Fool
Thu, Apr 10
Why Investors Were Bailing on Easterly Government Properties Stock Today
Few investors were happy with Thursday's stock market decline, but we should spare a thought or two for Easterly Government Properties (NYSE: DEA) shareholders.After all, the specialty real estate investment trust (REIT) had two quite discouraging pieces of news to report. Largely because of that, a...The Motley Fool
Thu, Apr 10
Why AI Stock ServiceNow Sank by Almost 5% on Thursday
On Thursday, numerous stocks saw steeper-than-average drops when news items concerning them combined with generally gloomy investor sentiment.One such victim was next-generation business software developer ServiceNow (NYSE: NOW), which saw its stock absorb a more than 5% blow to its share price that...The Motley Fool
Thu, Apr 10
Here's Why Shares in United Airlines Flopped Today
Shares in United Airlines (NASDAQ: UAL) were down as much as 11.4% today due to market volatility and investors digesting Delta Air Lines' (NYSE: DAL) earnings report and commentary the day before.A challenging environmentUnited Airlines will report its first-quarter 2025 earnings on April 16, and i...The Motley Fool
Thu, Apr 10
