Volvo Cars shares down 8% as first-quarter revenues fall
Shares of Swedish automaker Volvo Cars fell more than 6% in early trade on Wednesday after a drop in first-quarter revenues.
Trade asian news
Kering shares sink 9% after profit warning on declining Gucci sales
Shares of French luxury group Kering sank more than 9% at open on Wednesday, after the company warned that it expects a sharp downturn in first-half profits as a result of waning demand for its Gucci brand.
Trading in China's SenseTime halted after shares pop 30% in Hong Kong
HONG KONG -- Trading in shares of SenseTime, the Chinese facial recognition giant, was halted after its stock price surged more than 30% on Wednesday morning in Hong Kong.
SenseTime shares soar more than 30% after announcing its latest generative AI model
Shares of SenseTime Group surged more than 30% on Wednesday, after the Chinese AI giant announced its latest generative artificial intelligence model, called SenseNova 5.0.
Blinken Goes to China With Potential Trouble on Horizon
Secretary of State Antony J. Blinken will arrive in China on Wednesday to try to preserve the recent and delicate stabilization of ties between the United States and China, as tensions over trade, territorial disputes and national security threaten to derail relations again.
'Chaotic era' for Asian currencies: Bank of America is not bullish on any of them
Bank of America is bearish on a slew of Asian currencies and neutral at best on others, as the investment bank says it is the start of a "chaotic era."
Hong Kong hit by third straight IPO flop as AI player Mobvoi disappoints
HONG KONG -- Chinese artificial intelligence company Mobvoi went public in Hong Kong on Wednesday and saw its stock promptly drop more than 20%, marking the exchange's third dismal listing this week.
North Korea officials visit Iran in a rare public trip
SEOUL (Reuters) -- A North Korean delegation led by the cabinet minister for international trade is visiting Iran, the North's official media said on Wednesday, in a rare public report of an exchange between the two countries believed to have secret military ties.