U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
The recent rise of Chinese technological brands at the expense of a wide range of small players in Europe, US and Asia, could possibly reinforce foreign concerns about Chinese competition in the global tech sector, according to the latest report from DBS Group Research.
Chinese firms have been growing rapidly in the smartphone sector. Huawei boosted its global market share to 14.6 percent in 2018 from 10.5 percent in 2017, on par with Apple’s 14.8 percent; while Oppo and Xiaomi have gained in the last 2-3 years.
Chinese brands account for more than 40 percent of global smartphone shipments today, far exceeding Samsung’s 21 percent. The decline of Samsung started from 2014, well before the deterioration in South Korea-China political ties and the Chinese boycott of Korean products in 2017.
The decline of Apple started from 2013, also far before the US-China trade war broke out. The advancement of Chinese smartphone makers is not new and has been ongoing for many years, which could be attributed to the structural factors such as technology/product maturity, price competitiveness and marketing success.
