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  • 🟠 Why people stopped buying Porsches

🟠 Why people stopped buying Porsches

Reading time: 4 min 28 sec

 

☕️ Good morning, friends,

A Japanese truck driver experienced the craziest twist of his life at age 60:
He was switched at birth — and actually comes from a wealthy family in Tokyo.

A DNA test brought the truth to light, and the hospital was ordered to pay around 250,000 USD in compensation.

Will he buy himself a shiny new truck with it? We’ll see…

P.S. Job of the Week: Microsoft is hiring a Gaming China Business Development Lead. Cool position (check it out in the job board below)!

📈 Asia’s Markets on a Record and Reform Run

Japan’s Nikkei 225 broke the 50,000 mark for the first time (+2%), supported by progress in U.S.-China trade talks. The KOSPI climbed 2.5% to a record high of 3,951 points, driven by AI enthusiasm.

💹 Stocks in Focus: Softbank (+4.58%) and SK hynix  (+6.6%) extended the rally as hopes grew that a potential Trump-Xi meeting could ease trade tensions.

TOP BIT

📉 –95,9%: Porsche in Free Fall

Porsche reports its first quarterly loss since going public.
The reasons: an expensive EV strategy shift, weak demand in China, and U.S. tariffs. Management expects a recovery starting in 2026.

“We expect 2025 to be the trough.”

— CFO Jochen Breckner

The Details

🚦 From 4,000 to 40: Porsche swung to a €966 million operating loss in Q3 – the first …

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