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Asian markets mixed as Nvidia falls short of hopes, eyes on Trump
Asian markets mixed as Nvidia falls short of hopes, eyes on Trump
Economy
by  AFP

Asian markets were mixed Thursday as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being swayed by geopolitical concerns. Markets in Asia were mixed in early trade, with Tokyo, Hong Kong, Shanghai, Sydney, Taipei and Manila in negative territory, while Singapore, Seoul, Wellington and Jakarta slipped.

Civil war economy hits Myanmar garment workers
Civil war economy hits Myanmar garment workers
Economy
by  AFP

As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach. It is a rare bright spot in an economy crippled by the military's 2021 coup and subsequent slide into civil war.

Archegos founder jailed for 18 years for massive fraud: US media
Archegos founder jailed for 18 years for massive fraud: US media
Economy
by  AFP

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported. "The sentence has to reflect the seriousness of the event," said judge Alvin Hellerstein according to The New York Times, which also reported the 18-year prison sentence.