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Asian Markets Fall Following Wall Street Slump



Asian Markets Fall Following Wall Street Slump

Asian markets fell on Friday after Wall Street had its worst day since June, as investor enthusiasm shattered after a series of record highs.

Nikkei 225 NIK,
fell 1%, while Hang Seng HSI,
in Hong Kong lost 1.3%. Australian S & P / ASX 200 XJO,
lost 2.7% and the Shanghai Composite SHCOMP index,
fell by 1%. South Korean Kospi 180721,
fell 1.6%, while benchmarks in Taiwan were 9,999 yen,
, Singapore STI,
, Malaysia FBMKLCI,
+ 0.06%
and Indonesia JAKIDX,

Regionally, little could have changed the trajectory of the market after the US benchmark S&P 500 lost 3.5%, its biggest loss in three months, and the Nasdaq fell 5% as high-tech companies crashed after months impressive growth.

There seemed to be no clear catalyst for a sell-off, as economic data was doing roughly the way the market expected and no company issued ominous warnings. But analysts say the market needs a break.

There is still a lot of money circulating through financial systems as the Federal Reserve and many other central banks free up huge amounts of cash by buying bonds, while keeping interest rates ultra-low.

“While I don’t think this is a healthy bust, getting rid of some short-term speculative foam will offer higher levels for a Money Wall to be indulged in as we know the Fed isn’t going anywhere anytime soon,” AxiCorp’s Stephen Innes said in a comments.

The Wall Street dump of tech stocks on Thursday ended with Apple’s AAPL.
drop by 8%. Amazon AMZN,
lost 4.6% and Facebook FB,
returned 3.8%.

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Investors were betting that these companies would continue to make huge profits as people spend even more time on the Internet with their devices during the pandemic. They also attributed high market value to new favorites like Zoom Video Communications, as many Americans work remotely and students study online.

Even with losses on Thursday, Apple still grew 64.7% year-over-year, and Amazon 82.3%. Zoom continues to grow at a whopping 460.4% year over year.

“There really is very little excuse (the rise of these stocks) other than euphoria,” said Mark Hackett, head of investment research at Nationwide.

The profit was based on “very optimistic assumptions” about the impact of the virus on the economy, as well as the outlook for Congress and the White House offering another economic aid package.

The number of Americans applying for unemployment benefits fell to 881,000 last week, slightly better than economists expected, but companies are still letting out workers in numbers far in excess of the Great Recession. Thus, the job picture remains extremely grim, with tens of millions of Americans still jobless.

Investors will be paying close attention on Friday when the Labor Department releases its job report for August. Economists polled by FactSet forecast that the US economy created 1.4 million jobs in August, up from 1.74 million jobs in July.

Dow Jones Industrial Average DJIA,
fell 2.8% to 28,292.73. A day earlier, it exceeded 29,000 points for the first time since February.

S&P 500 SPX Index,
lost 125.78 points and closed at 3,455.06. High-tech Nasdaq COMP,
fell 598.34 points to 11,458.10.

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In energy trading, the American benchmark for crude oil CLV20,
dropped from 29 cents to $ 41.08 a barrel in electronic trading on the New York Mercantile Exchange. On Thursday, it lost 14 cents to $ 41.37. Brent BRNX20 oil,
, the international standard, was down 28 cents to $ 43.79 a barrel.

USDJPY dollar,
fell to 106.16 yen from 106.18 yen late Thursday.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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