Chinas

China encourages elderly vaccination; Hong Kong closes 5% higher

European markets close slightly lower as traders monitor China’s Covid policy; HSBC up 5% on RBC deal

UK gilt market ‘not back to normal’, says BOE governor Britain’s gilt market is “not back to normal” after the Bank of England intervened on Sept. 28, according to Governor Andrew Bailey, who spoke to a committee of lawmakers on Tuesday. The governor said the bank did not want to buy pegged gilts, but “needed …

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Why China's COVID policies are rattling investors again

Why China’s COVID policies are rattling investors again

Investors in China-related assets who had expected a significant easing of COVID restrictions were disappointed this week as the country battles the worst wave of cases since the outbreak in Shanghai earlier this year. China-related ETFs fell this week, with shares of the iShares MSCI China MCHI ETF, -1.82% lose 3.4%. The KraneShares CSI China …

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China RRR cut, Black Friday post-COVID, German GDP - what

China’s RRR Reduction, Post-COVID Black Friday, German GDP – What’s Moving Markets By Investing.com

© Reuters By Geoffrey Smith Investing.com — It’s the first COVID-free Black Friday in three years, and research points to a healthy rebound in sales on Main Street, despite the challenge of high inflation. China is easing its monetary policy a little more to ease the plight of its real estate sector. The German economy …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets Read More »

Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets Read More »

Alibaba posts surprise loss as China's Covid restrictions take their toll

Alibaba posts surprise loss as China’s Covid restrictions take their toll

(Bloomberg) – Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely rose as China’s rigid Covid controls continue to depress consumer sentiment. Bloomberg’s Most Read China’s e-commerce leader reported a net loss of 20.6 billion yuan ($2.9 billion) against forecasts of a profit of almost the same amount, after writing down the …

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Indian Morning Briefing: Mixed Asian Markets; China’s economic activity slowed in October

GLOBAL MARKETS DJIA 33536.70 -211.16 -0.63% Nasdaq 11196.22 -127.11 -1.12% S&P 500 3957.25 -35.68 -0.89% FTSE 100 7385.17 67.13 0.92% Nikkei Stock 27960.90 -2.57 -0.01% Hang Seng 17950.25 330.54 1.88% Kospi 2468.42 -6.23 -0.25% SGX Nifty* 18443.50 66.0 0.36% *Nov contract USD/JPY 140.31-32 +0.31% Range 140.51 139.88 EUR/USD 1.0316-19 -0.11% Range 1.0335 1.0313 CBOT Wheat …

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Hong Kong Stocks Up 3% as Tech Stocks Rise;  China's activity data disappoints

Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints

There’s huge value in some Chinese tech stocks, says Primavera Capital Shares of major Chinese tech companies are currently “so depressed” and “really cheap,” said Fred Hu, founder and chairman of Primavera Capital. The Hang Seng Tech index in Hong Kong is down more than 30% year-to-date, although the index has rebounded in recent weeks. …

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As the world battles inflation, China's problem is deflation

As the world battles inflation, China’s problem is deflation

From a real estate crisis to strict Covid controls to its lowest growth target in three decades, China’s economy faces many problems. But inflation is not one of them. Data released last week showed consumer prices rose 2.1% year-on-year in October – the kind of moderate gain that Western policymakers can only dream of. Producer …

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