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,” economists…
(Bloomberg) — US stocks and bonds wavered on Monday as traders awaited remarks from the Federal Reserve Chair later in the session. S&P 500 was little changed with declines in Amazon.com Inc. and Nvidia Corp. weighing on the benchmark index. Despite Monday’s weakness, a record-setting rally has put the equities gauge on track for its…
Traders in mainland China rushed to snap up Hong Kong stocks before the “golden week” holiday begins, as Beijing’s surprise policy bazooka ignited a buying spree. Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped…
Traders in mainland China rushed to snap up Hong Kong stocks before the “golden week” holiday begins, as Beijing’s surprise policy bazooka ignited a buying spree. Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped…