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Top Glove Corp: Waiting for a good time to invest in the U.S.
  + stars: | 2024-10-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop Glove Corp: Waiting for a good time to invest in the U.S.Lim Cheong Guan, Managing Director at Top Glove Corporation, discusses the impact that U.S. tariffs on Chinese-made gloves will have on their business, as well as a possible expansion into the U.S. markets in the future.
Persons: Lim Cheong Guan Organizations: Glove Corporation Locations: U.S
Those realizations came to head repeatedly in 2022 as crypto hacks and a wintry bear market crescendoed with the collapse of Sam Bankman-Fried's FTX. On a macro level, persistent recession fears make speculative assets such as tokens or tech stocks less enticing. More notable is crypto bank Silvergate's nearly 50% plunge Thursday, and the company's announcement it would cut 40% of its staff. Job cuts at Amazon and Salesforce signal the first necessary step in staging a turnaround for tech stocks. All told, analysts predict layoffs could catalyze a 20% rally for tech stocks in 2023.
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