Busi Knews

Korean 'Battery Makers’ Lost Market Share 9% from 2021 Source - The Financial Busi Knews - The global market share of the three largest Korean battery cell manufacturers has fallen precipitously. The global market share of the three major Korean battery cell firms fell in 2022 compared to the previous year. According to analysts, they have been losing momentum to Chinese battery manufacturers, especially CATL, the world's largest battery manufacturer. According to SNE Research, a market research firm, the combined market share of LG Energy Solution, SK On, and Samsung SDI was 25.6 percent in the January-May period of this year, down 9.1 percentage points from 34.7 percent in the same period of 2021. SK On's market share increased by 1.6 percentage points from 5.2 percent to 6.8 percent, while LG Energy Solution's share decreased by 9.2 percentage points from 23.6 percent to 14.4 percent. In sixth place, Samsung SDI declined 1.5 percentage points, with its share falling...

Stocks Futures Tumble, Inflation, RH, Xerox and Bitcoin In Focus - Five Points To Know Busi Knews :- Stock futures decline as the 'pain' of a rate hike calms bulls; PCE inflation softening could cost something; RH shares decline following a lowered revenue outlook for 2022; Grayscale sues SEC after bitcoin ETF rejection, and Xerox CEO John Visentin passes away aged 59. 1. -- Stock Futures Slump As Rate Hike 'Pain' Tames Bulls SOURCE U.S. equity futures fell on Thursday as the world's stock markets appeared poised to end their worst first half ever due to worries that rate hikes by central banks intended to combat inflation will instead send many developed nations into recession. Jerome Powell, the chairman of the Federal Reserve, stated at a conference of central bankers in Portugal that failure to restore price stability would be a greater risk to the global economy than a recession brought on by rate hikes, which broadly supported this point of view. Powel...

"Weak market halts 6-day losing streak" source In yet another gaped opening, and this time on the upside, the Indian markets staged a strong short covering-led move and ended the day on a strong note. The Nifty opened on a higher note and got stronger as the day progressed. The markets went past the crucial resistance level of 16,000 and also went on to move past 16,200 levels meaningfully. Throughout the session, the markets kept marking incremental highs -- at no point in time did it show any inclination to correct. The market breadth remained strong and the benchmark Nifty50 went on to close on a strong note gaining 456.75 points (+2.89%). The US markets started initially weak but rebounded towards the end and closed flat. This may aid in a stable opening to the domestic market. The coming week will see monthly derivatives expiry -- the sessions from now on will stay influenced by the expiry-centric moves. Source With the Nifty moving well above 16,000 levels, the suppor...