Volatility is cheap
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Chinese military personnel are visiting their Japanese counterparts this week, raising hopes of more stable bilateral relations or at least greater familiarity to manage any future crises. What it probably won’t do, however, is make any fundamental change in their East Asia stand-off.
While Tesla lays off more than 10% of its workforce, South Korea’s Hyundai Motor Group plans to hire 80,000 new employees, increasing its headcount by about 30% over the next three years.
Apple has slipped to fifth place in China’s cellphone sales ranking, outsold by local rivals Huawei, OPPO, Honor and vivo.
Granted, Tesla’s share price has bounced on short covering and the return of perennial optimism after dropping by more than 40% since the beginning of the year.
Blocked from operating and expanding in China, leading American computing and software companies have shifted their focus to Japan, reinforcing a longstanding partnership that is accelerating the recovery of Japan’s technological competitiveness.
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