(Bloomberg) — Asian stocks and US equity futures edged lower as traders digested data that showed China’s economy growing at the second slowest pace since the 1970s. Most Read from Bloomberg An Asian equity benchmark dipped for the second day, with the Hang Seng Index down more than 1%. ContractsContinue Reading
The recent short covering rally in Tesla stock provides a better price point to position to profit on a further pullback in TSLA. shutterstock.com – StockNews Tesla (NASDAQ:TSLA) is in trouble. It is down $80 a share (40%) in the past month and a half and $260 a share (67%) since makingContinue Reading
Shoppers walk through a street market in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Long Hei/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong stocks kicked off 2023 with the most gains they’ve seen in the first trading session of a year since 2018.Continue Reading
(Bloomberg) — Global equities trimmed a weekly loss as Chinese shares surged amid signs that authorities are trying harder to ease the impact of its Covid-Zero policy. Most Read from Bloomberg Miners led gains in Europe as commodities rallied. Hong Kong’s benchmark Hang Seng Index was set for the biggestContinue Reading
(Bloomberg) — Chinese stocks roared back from a rout and the yuan strengthened as speculation mounted that policymakers are making preparations to gradually exit the stringent Covid Zero policy that’s been the biggest bugbear for investors. Most Read from Bloomberg A gauge of Chinese stocks listed in Hong Kong surgedContinue Reading
(Bloomberg) — Chinese equities fell again on Tuesday following a dramatic selloff, as traders remained unsettled by the prospect of market-unfriendly policies under President Xi Jinping’s third term. Most Read from Bloomberg The Hang Seng China Enterprises Index, a gauge of Chinese stocks listed in Hong Kong, fell 0.7% asContinue Reading
(Bloomberg) — US futures fluctuated as a rout in Chinese shares weighed on sentiment while investors await the next batch of earnings from some of the world’s biggest companies. Treasury yields dipped and the dollar gained. Most Read from Bloomberg Contracts on the S&P 500 and Nasdaq 100 pulled backContinue Reading
Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in practice. Emmanuel Dunand | AFP | Getty Images Shares of ASML,Continue Reading
(Bloomberg) — Chinese stocks trimmed declines during afternoon trading as traders digested President Xi Jinping’s speech, which offered support for the tech sector but disappointed investors hoping for signs of a shift away from Covid Zero. Most Read from Bloomberg The benchmark CSI 300 Index traded 0.1% lower as ofContinue Reading
(Bloomberg) — Grim milestones keep piling up for Chinese stocks listed in Hong Kong. As September draws to an end, the Hang Seng China Enterprises Index has lost more than 14% to rank as the worst performer among major equity benchmarks globally this month. Hovering around the lowest since theContinue Reading