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China’s stocks take a break after Monday’s rally vaulted market value past US$10 trillion as traders put Covid-19 in rear view mirror

China’s stocks take a break after Monday’s rally vaulted market value past US$10 trillion as traders put Covid-19 in rear view mirror



a close up of a street: Hong Kong’s financial district is deserted as the approach of Typhoon Nesat on 29 September 2011 emptied the streets. Photo: SCMP


© SCMP
Hong Kong’s financial district is deserted as the approach of Typhoon Nesat on 29 September 2011 emptied the streets. Photo: SCMP

China’s stocks declined in early trading, taking a respite after rallying by the most in three months, as investors assessed the strength of the economic recovery and the prospect of refresh US stimulus packages. Trading was halted in Hong Kong due to an approach by the tropical storm Nangka.

The Shanghai Composite Index dropped 0.5 per cent to 3,342.18 in early trading on Tuesday. It jumped 2.7 per cent a day earlier on expectations that the recovering in the Asian nation will gather pace and President Xi Jinping will unveil further reform measure in his trip to Shenzhen to mark the 40th anniversary of the economic zone in southern China on the doorsteps of Hong Kong.

China’s stocks top US$10 trillion as economy shakes off 2015 rout, Covid-19

The combined market values of the companies trading on the Shanghai and Shenzhen exchanges rose to US$10.04 trillion on Monday, surpassing the US$10 trillion mark for the first time since 2015. China is the world’s second-largest equity market after the United States.

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China is due to release the September data on exports and imports on Tuesday and the data on third-quarter economic growth will be released on October 19. Other markets in Asia were mixed as the US was still deadlocked over a new round of stimulus measures.

Hong Kong’s securities market has been halted from trading in the morning session after the local weather agency raised the typhoon signal to the third-highest level on early Tuesday, the market operator said in a statement.

The Hong Kong Observatory issued the No

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Artificial Intelligence in Telecommunication Market to Grow at a Decent CAGR of 38.4% from 2020 to 2027 | Grand View Research, Inc. – Press Release

Artificial Intelligence in Telecommunication Market to Grow at a Decent CAGR of 38.4% from 2020 to 2027 | Grand View Research, Inc. – Press Release

Artificial Intelligence in Telecommunication Market to Grow at a Decent CAGR of 38.4% from 2020 to 2027 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”

According to report published by Grand View Research, The global artificial intelligence in telecommunication market size was valued at USD 679.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 38.4% from 2020 to 2027.

The global artificial intelligence in telecommunication market size is expected to reach USD 9.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 38.4% from 2020 to 2027.

Communication Service Providers (CSPs) need to bring the intelligence in their system optimization, planning, and operations to address the increasing complexities in communication networks caused due to the deployment of new technology paradigms, such as Network Function Virtualization (NFV) and Software-Defined Wide-Area Networking (SD-WAN). Therefore, the telecommunications industry is exploring and introducing AI to improve network efficiency and customer experience.

The telecommunication industry has leveraged technologies, such as cloud computing, big data analytics, and deep learning, to fulfill consumer demands of multimedia services and network security. Also, the intellectualization of communication networks has become possible with the invention of technologies of service-aware network systems and deep packet inspection. Researchers in the industry are tapping into artificial intelligence-based techniques to optimize network architecture & management, and to enable more autonomous operations.

To Know More About Artificial Intelligence in Telecommunication, Access Sample Report @ https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-telecommunication-market/request/rs1

Asia Pacific Artificial Intelligence (AI) in telecommunication market size, by application, 2016:2027

Furthermore, the next-generation wireless networks are anticipated to evolve into more complex system architectures due to the diversified service requirements and heterogeneity in devices, system architectures, and applications. Artificial intelligence has renewed interest in the telecom industry due to the rising complexity of network technology. Potential AI-based use-cases in communication networks include network operation monitoring & management, fraud mitigation, predictive maintenance, cybersecurity, and virtual assistants

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NXP (NXPI) Q3 View Up on End-Market Strength, Stock Rises

NXP (NXPI) Q3 View Up on End-Market Strength, Stock Rises

NXP Semiconductors N.V. NXPI recently provided an update on third-quarter 2020 guidance. The company is set to report third-quarter results on Oct 26.

It now anticipates third-quarter revenues of $2.27 billion, up from the prior guided range of $1.9-$2.1 billion, citing strength in end markets served, particularly automotive and mobile.

The current guidance indicates a 25% increase from the prior quarter. The Zacks Consensus Estimate for the same is currently pegged at $2.01 billion.

On a non-GAAP basis, the company expects gross profit to be $1.14 billion versus prior expectation of $980 million. Gross margin is expected to be 50.1% versus 49% provided earlier.

Moreover, management anticipates non-GAAP operating income to be $586 million versus $444 million in the prior quarter. Operating margin is expected to be 25.8% versus 22.2% provided earlier.

NXP Semiconductors N.V. Price and Consensus

NXP Semiconductors N.V. Price and Consensus

NXP Semiconductors N.V. price-consensus-chart | NXP Semiconductors N.V. Quote

Strength in End Markets: A Key Catalyst

NXP is optimistic about third-quarter earnings. The company believes that the business environment has improved more than expected due to the strength in end markets served.

It has witnessed a material improvement in demand across all end markets, particularly in Automotive and Mobile. Additionally, the company expects improved demand in both direct and distribution channels.

Therefore, it expects a broad-based increase in revenues and gross margin for the to-be-reported quarter.

NXP’s president and CEO, Kurt Sievers said, “Relative to the mid-point of our guidance, we experienced material improvement in demand across all end markets, but particularly in the Automotive and Mobile end markets.”

Notably, the company has been continuously making efforts to develop an improved 5nm design strategy with an aim of increasing software performance required in future cars.

The growing adoption of NXP’s offerings is expected to strengthen the company’s presence in the automotive market.

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MoffettNathanson cuts box-office view, urges creative thinking for theaters (NYSE:CNK)

MoffettNathanson cuts box-office view, urges creative thinking for theaters (NYSE:CNK)

MoffettNathanson is joining in with analysts cutting U.S. box-office projections, pointing to a murky view of when attendance can recover.

As with MKM Partners earlier, it expects 2020 domestic box office will be down 81%.

That brings liquidity concerns back to the forefront for exhibitors.

MoffettNathanson is recommending some “flexibility” when it comes to release window arrangements as an incentive to getting films back into theaters. And it’s urging possible deals with subscription video-on-demand services like Netflix (NFLX +0.8%) and Amazon.com (AMZN +2.9%) as a source of product. (AMC has pointed to the revenue share from its landmark release-window deal with Universal as one of the reasons it can keep theaters open even as more movie releases get delayed.)

MoffettNathanson is maintaining a Neutral on Cinemark (CNK -3.4%), which it says is in the strongest liquidity position among theaters, but it’s cutting its price target to $12 from $16. AMC (AMC -1.8%) and Cineworld (OTC:CNWGY) were “overleveraged” even before the pandemic crisis began, it says.

Other theater stocks: IMAX +0.5%; Marcus (NYSE:MCS) +1%; Reading International (NASDAQ:RDI) -3.8%; National CineMedia (NASDAQ:NCMI) -4.3%; Cineplex (OTCPK:CPXGF) -6.3%.

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Goldman Offers Less-Dire View of Pandemic’s U.S. Economic Damage

Goldman Offers Less-Dire View of Pandemic’s U.S. Economic Damage

(Bloomberg) — The U.S.’s economic scarring from the pandemic is much less severe than initially feared, Goldman Sachs Group Inc.’s economics team said in a note that offered an upbeat take on America’s situation.



a group of people walking down a street: People sit in a seating area in Times Square in New York, U.S., on Friday, Oct. 2, 2020.


© Photographer: Michael Nagle/Bloomberg
People sit in a seating area in Times Square in New York, U.S., on Friday, Oct. 2, 2020.

Commercial bankruptcy filings are below the pre-pandemic level, business closures have proved temporary and unemployment has fallen sharply, which bode well for medium-term recovery prospects, economists said in the note. A vaccine, combined with further fiscal support next year, is expected to limit long-term damage and keep the economy on track for a recovery that could “much more rapid than usual,” they said.

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“When employment declined by 25 million in little more than a month, the labor market appeared at risk of again experiencing the deep distress seen after the financial crisis,” the economists including David Mericle said in the note. “Just five months later, the number of newly unemployed workers since the virus shock has indeed declined dramatically, and about half still report that they are on temporary lay-off.”

Despite a recent increase in long-term unemployment, the rapid recovery of labor demand and faster pace of labor reallocation should help most workers avoid long unemployment spells seen in prior recessions, the note said.

The decline in the labor-force participation rate since February largely reflects virus-related obstacles to taking part that should disappear with a vaccine, such as fear of getting sick or a need to take care of children while schools are closed, they said.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

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