Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
During the last two decades, it has become commonplace for presidential candidates on both sides of the aisle to pledge to not raise taxes on at least some income groups.
The 2024 BRICS summit, to be held in Kazan, Russia, from October 22-24, will take place amid an increasingly tense geopolitical atmosphere. The crises in the Middle East and Ukraine are likely to dominate the agenda, as member states explore the future of the alliance and their nations’ roles within it. During the 2023 BRICS summit, the original members from which the axis takes its name (Brazil, Russia, India, China and South Africa) welcomed new members into the fold: Egypt, Ethiopia, Iran, the United Arab Emirates (UAE) and Saudi Arabia.
Some in the international community have expressed mixed reactions to South Africa’s position within BRICS. Concerns are rife about the bilateral relations South Africa has built with authoritarian BRICS members such as Russia, China and now Iran.
Since Pretoria failed to condemn Moscow following its full-scale invasion of Ukraine in February 2022, South Africa’s relationship with Russia has come under scrutiny. Mr. Ramaphosa’s administration has been criticized by American diplomats as well as South African civil society for its close ties with Russia, but has still maintained its “non-aligned” posture. In defiance of the ANC’s position toward the Kremlin, and before becoming its coalition partner, the leader of the main opposition party in South Africa, the Democratic Alliance (DA), undertook a fact-finding trip to Kiev, demonstrating solidarity with the people of Ukraine.
In the leadup to the 2023 summit, the African National Congress (ANC)-led administration under President Cyril Ramaphosa reiterated its loyalty to the BRICS alliance by again refusing to condemn Russia. He went so far as to question the basis of the International Criminal Court (ICC)’s order to arrest Russian leader Vladimir Putin on South African soil if he attended the summit. South Africa’s diplomats controversially claimed that the ICC’s order interfered with South Africa’s sovereignty, and arresting him would be a “declaration of war.” Under pressure from civil society organizations, the press and opposition parties, President Ramaphosa eventually withdrew Mr. Putin’s invitation to attend the summit.
During the 2023 summit, South Africa emerged not as a junior partner surrounded by global giants in the expanding BRICS club, but as a major player. Pretoria used its role as host of the summit to make it clear that the country is willing to defy Western powers, and will openly maintain close ties with Russia even amid Western sanctions against the country.
The 2023 summit was also significant because gates were opened for additional members. Iran’s presence raised questions about the direction of alliance, as it implied its goal may have moved beyond building an alternative and representative global trade system – toward challenging United States foreign policy. The new member states are not known for their open competitive democratic systems, but this seems not to have concerned the ANC-led government. President Ramaphosa lauded the inclusion of Iran, Saudi Arabia, Egypt, the UAE and Ethiopia in the bloc as “a new chapter” in building a fairer world.
Recent global tensions have further distanced South Africa from Western powers. Pretoria brought Israel to the International Court of Justice (ICJ) on charges that the country might be involved in acts of genocide in Gaza. This move was in direct defiance of the U.S., who saw the court route as unfavorable toward attaining lasting peace in the region. South Africa’s official opposition party, the Democratic Alliance, also opposed the government’s stance on Israel, which they saw as hostile and condoning the militant Hamas.
The ANC entered South Africa’s recent election, held on May 29, carrying this baggage. Yet, instead of openly engaging with different stakeholders on geopolitical issues, the ruling party was resolute and uncompromising in defying what it saw as bullying by Western powers and the unfounded sewing of discord by local civil society organizations and opposition parties. The election resulted in the ANC losing its majority and being forced to join with the opposition Democratic Alliance as a coalition partner, as well as other small opposition parties.
The 2024 BRICS+ summit will be the first since the ANC lost full control. As a senior partner holding the coalition government together, the Democratic Alliance will demand more accountability from the ANC on contentious issues such as BRICS’s expansion to include Iran. While the ANC retains key and influential portfolios like foreign relations and defense, the DA’s West-leaning policy outlook will be difficult to reconcile with the direction the ANC seems to want to lead BRICS.
Pretoria’s decisions will now bear the signature of more than one political party. This signals a new era in foreign policy. The upcoming BRICS summit in Kazan will witness a different South Africa.
Chip design and fabrication companies such as Apple, Microsoft, Nvidia and TSMC are the major drivers of the US tech stock market. TSMC market cap size alone is 43 times larger than the leading Taiwanese packaging company with US listing, Advanced Semiconductor Engineering (ASE), which has a market cap of US$22 billion . After the design phase, advanced (semiconductor) packaging is the agglomeration of manufacturing processes combining multiple semiconductor chips into a single electronics circuit or device.
Traditionally, chip packaging relied on manual processes but as automation enabled faster and cheaper production, innovative processes increased device capability and quality while reducing energy, material consumption and costs. As demand for AI models grew, the need for advanced packaging technologies has grown in tandem significantly, since packing multiple chips and processes into one component could enable higher computing power, memory and bandwidth while reducing heat, energy and space. The smaller and more powerful the computing chip package (dense chip integration), the greater their use in mobile devices and smart defence equipment.
The megatrends of AI, high-performance computing, automotive and specific application chips are driving the growth of advanced packaging. Recent integrated circuit (IC) statistics from Yole Group show that advanced packaging revenue accounted for 44% of the total IC packaging market in 2023. The advanced packaging market is expected to surpass traditional packaging by 2028.
Nvidia leads the generative AI market with its GPUs, experiencing strong growth in data centre business, while AMD’s MI300 and Intel’s Gaudi are also catching up. In addition, major cloud tech giants like Amazon, Google and China’s Baidu, Alibaba, Tencent and Xiaomi (BATX) are developing their own AI cloud chips to reduce reliance on GPUs from fabless companies. Both GPUs and AI cloud chips require extensive vector and matrix calculations for training and inferencing, and advanced packaging is crucial to ensure low latency, high speed and low power consumption while increasing denser chip integration.
Global advanced packaging revenue reached almost US$40 billion in 2023 and outsourced semiconductor assembly and testing (Osat) companies are the main players in this field, with Taiwan’s ASE, American global packaging company Amkor and China’s Jiangsu Changjiang Electronics Tech Co (JCET) together accounting for 45% of high-end IC packaging revenues. Meanwhile, according to Yole Group estimates, integrated device manufacturers (IDMs) and foundries such as Intel, Samsung and TSMC accounted for around 28% of the advanced packaging market, with a frontrunner lead in 3D stacking technology. Of this, Taiwan’s ASE alone contributed half of the global Osat revenue, which surpassed the combined revenues of Intel and Samsung. Although ASE and TSMC compete in the same market space, ASE has been able to access TSMC’s broad client base, particularly smartphone manufacturers that require specific packaging technologies.
Taiwan is the world’s largest IC packaging hub for both fabless companies and foundries, supplying more than 50% of the chips to China. While China falls behind global competitors in design and fabrication, it still plays a significant role in the global chip industry by providing 38% of the world’s IC packaging. JCET, the world’s third largest Osat company, is currently valued at US$7.8 billion, which is comparable with its US counterpart, Amkor, with a revenue of US$6.5 billion in 2023 compared with JCET’s US$4.2 billion.
With AI chips becoming more complex and powerful, the demand for advanced packaging will continue and even increase, yet supply remains constrained. As former TSMC Chairman Mark Liu replied during an interview at Semicon Taiwan 2023, “it’s not the shortage of AI chips. It’s the shortage of our Chip-on-Wafer-on-Substrate (CoWos) capacity”, which is a stacking technology. Since complex packages determine chip performance, the IC packaging industry will require more R&D and package designers to transform the ecosystem. Moreover, Boston Consulting Group has identified multichip package design as an area that will significantly enhance IC packaging value added.
Two weeks ago, Intel announced the finishing of its advanced packaging facility upgrade project in Penang but will align its operations to market conditions due to financial restructuring. Currently, ASE has recently completed its first plant in Malaysia, with a second plant underway in Penang. In addition, Siliconware Precision Industries , a subsidiary of ASE, as well as other Chinese and local Osats are developing advanced packaging technologies in Malaysia. Carsem, a subsidiary of Bursa-listed Malaysian Pacific Industries and ranked 19th in advanced packaging worldwide, saw its revenue growth averaging 14% between 2020-2023 due to rising chip demand for EV applications.
By comparison, Vitrox, an automated testing equipment (ATE) supplier, saw its revenue growth averaging 8% over the same period. The prospects for the advanced packaging market remain strong. Since it is part of Malaysia’s semiconductor strategy goals, small domestic companies in the supply chain will have to increase innovation, forge deep connections with large companies and leverage the latest technology processes in order to stay competitive.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.