(Bloomberg) — Chinese stocks slumped on Friday, extending this week’s losses, with investors citing a lack of fresh catalysts after a blistering rally. Most Read from Bloomberg The Hang Seng China Enterprises Index (^HSCE) slid as much as 2.7%, headed for its steepest two-day drop since Nov. 12. Technology shares bore the brunt of the…
The difference between Chinese and U.S. stocks is only getting clearer. The S & P 500 fell into correction on Thursday for the first time since 2023 . Meanwhile, the MSCI China index has surged double digits in its best start to a year in history, largely thanks to artificial intelligence, according to Goldman Sachs….
Asia-Pacific markets fell on Thursday after a soft inflation report in the U.S. helped two of the three benchmarks on Wall Street reverse course from two days of losses. The consumer price index — a broad-based measure of costs across the U.S. economy — increased 0.2% month-on-month in February, putting the annual inflation rate at 2.8%….
A customer shops for produce at an H-E-B grocery store on Feb. 12, 2025 in Austin, Texas. Brandon Bell | Getty Images CNBC will be hosting “CONVERGE LIVE,” an inaugural thought leadership event on March 12-13, 2025, in Singapore, where global business leaders, entrepreneurs, investors and key decision-makers will discuss what it means to innovate…
A man looks at an electronic board displaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s…
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on March 10, 2025. Charly Triballeau | Afp | Getty Images CNBC will be hosting “CONVERGE LIVE,” an inaugural thought leadership event on March 12-13, 2025, in Singapore, where global business leaders, entrepreneurs, investors…
(Bloomberg) — Chinese technology stocks slumped after President Donald Trump moved to further squeeze US investments into the Asian nation, in a sign of deepening financial and technological decoupling between the world’s two largest economies. Most Read from Bloomberg The Hang Seng Tech Index fell as much as 4.4% on Tuesday, the most since November….
Check out the companies making headlines before the bell. Domino’s Pizza — Shares fell more than 3% after the pizza chain reported fourth-quarter numbers that missed expectations. The company earned $4.89 per share on revenue of $1.44 billion. Analysts polled by FactSet expected a profit of $4.90 per share on revenue of $1.48 billion. U.S….
When Xi Jinping, China’s leader, made his entrance at a symposium with a group of top entrepreneurs this week, he seemed to be in good spirits. China has had a few good weeks. The artificial intelligence models by the start-up DeepSeek sent U.S. stocks tumbling and Western commentators screaming, “Sputnik moment.” Then an animated film…
The Alibaba office building on Feb. 18, 2025, in Nanjing, Jiangsu province of China. Fang Dongxu | Visual China Group | Getty Images Chinese tech titan Alibaba posted a startling 239% year-over-year jump in net profit in the final quarter of 2024. CEO Eddie Wu attributed that shiny result to growth in the company’s cloud…