[ad_1] Chinese technology stocks tumbled the most in a month as Xiaomi Corp’s $5.5 billion share sale hit sentiment in a market that lacks fresh momentum. The Hang Seng Tech Index dropped as much as 3.8% on Tuesday, which took its fall from a March 18 high to more than 9%. Xiaomi shares were down […]
Hong Kong-listed Chinese stocks brace for Trump tariff impact – CNBC TV18
[ad_1] Chinese stocks listed in Hong Kong will come under renewed pressure when they resume trading on Monday following a three-session break, after US President Donald Trump fired the first salvo of his tariff war. Company Value Change %Change Fears of rising levies had already helped push the MSCI China Index into a bear market […]
Chinese steel production recovers as market responds to stimulus – CNBC TV18
[ad_1] Chinese steel output recovered in October, snapping four months of declines, as sentiment brightens following Beijing’s efforts to rekindle economic growth. Healthier margins allowed steelmakers to churn out more metal, with production rising to 81.88 million tons, an increase of 6.2% on September and 2.9% higher than last year, according to the statistics bureau […]
Hedge funds sold record Chinese stocks on Tuesday, Goldman Sachs says – CNBC TV18
[ad_1] Hedge funds sold a record amount of Chinese shares on Tuesday after a weeklong holiday that lacked more major stimulus, according to a Goldman Sachs Group Inc. trader note. “Hedge funds not only unwound their long positions but added shorts to their books as well, with long sells being double the amount of short […]
Asian equities climb as Dow, S&P record high lifts mood – CNBC TV18
[ad_1] Asian equities rose Thursday after US stocks set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months. Shares in Japan, South Korea and Australia climbed while Hong Kong equity futures also rose. An index of US-listed Chinese companies fell in New York trading, following the […]
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 […]
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 […]
Chinese stocks soar most since 2015, heading for a bull market – CNBC TV18
[ad_1] Chinese shares look poised to enter the bull market, after authorities rolled out fresh property easing steps as part of a stimulus package unveiled last week. The benchmark CSI 300 Index rose as much as 6.2% in early Monday trading, the most since 2015 and taking its gains to over 20% from a low […]