Daily Archive: September 3, 2020

Investors send global stocks higher on vaccine hopes and stimulus goodies—but tech shares continue to lag

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Good morning, Bull Sheeters. European stocks are powering on in early trading on Thursday , lifted by fiscal stimulus spending measures and COVID vaccine breakthroughs. U.S. futures are off their lows, pointing to another positive open.

Let’s see where investors are putting their money.

Markets update

Asia

  • The major Asia indexes are mixed in afternoon trading, with Japan’s Nikkei up nearly 1%.
  • The Chinese markets may be in the red, but the latest economic data looks solid. For a fourth straight month, China’s service sector, which represents roughly 60% of the economy, showed solid growth.
  • The China-India tensions are heating up again as India drew up an updated list of banned Chinese tech. Popular apps from the likes of Tencent, Baidu and Ant
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North Korea state media tests new formats on air and online By Reuters

© Reuters. FILE PHOTO – A North Korean flag flies on a mast at the Permanent Mission of North Korea in Geneva

By Josh Smith

SEOUL (Reuters) – As two typhoons hammered North Korea within a week of each other, state media broadcasts looked unusually reminiscent of international TV coverage, with correspondents standing knee-deep in floodwaters to provide rare, nearly real-time reports.

Thursday’s broadcasts were the latest example of a national propaganda machine that is slowly evolving in the face of more competition from international media that seep into the isolated country, analysts said.

In unprecedented overnight broadcasts, correspondents and anchors were shown at locations around the country, shouting the latest developments while being lashed with wind and rain.

The format offered seemingly unscripted moments rarely seen on the state-controlled Korean Central Television, including one rain-drenched reporter brushing off attempts by a man trying to hand him an umbrella in

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