[ad_1] Chinese stocks listed onshore slumped at the open amid skepticism about Beijing’s stimulus plans and signs of weakness in holiday-spending data. The benchmark CSI 300 Index dropped as much as 5.1% in early trading, set for its first loss in 11 days. A gauge of Chinese companies listed in the US had slid 6.9% […]
Invesco China CIO who called rally is worried about valuations – CNBC TV18
[ad_1] Invesco Ltd.’s chief investment officer for Hong Kong and China, Raymond Ma, who predicted double-digit returns in Chinese equities this year, said there are signs the surge has gone too far for some stocks. Ma, who manages the $492 million Invesco Greater China Equity Fund, said investors should be wary of stocks that have […]
China’s stock boom may turn to bust as in 2015, Nomura warns – CNBC TV18
[ad_1] Investors should brace for the biggest stock rally in China in 16 years to turn to bust, with the economy on a much weaker footing than before the pandemic, said Nomura Holdings Inc. In the most gloomy scenario, “a stock market mania would be followed by a crash, similar to what happened in 2015,” […]
Sensex, Nifty Sell-off: Money is moving from India to China, says Adrian Mowat – CNBC TV18
[ad_1] Emerging Markets expert Adrian Mowat believes that the current sell-off is a modest correction in what he calls a “powerful bull market.” In an exclusive interaction with CNBC-TV18 on Thursday, October 3, Mowat said that Foreign fund managers have been overweight on India and underweight on China, but have been reducing their weightage in […]
Japanese stocks rise as Prime Minister’s comments weaken yen – CNBC TV18
[ad_1] Japanese stocks rose after the nation’s new prime minister damped speculation about another interest-rate increase, weakening the currency. Treasuries slid and the dollar gained Wednesday on signals the US may slow its easing. The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy […]