category: Asia – Charm

Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What’s Driving Markets Tuesday? – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…

Tesla Vs. BYD: The EV Duel Heats Up – Tesla (NASDAQ:TSLA), BYD (OTC:BYDDF), BYD (OTC:BYDDY)

Cs news2 weeks ago05 mins

In the electric vehicle (EV) battle, Tesla Inc. TSLA and BYD Co Ltd BYDDF BYDDY are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability. With Tesla…

Bank Earnings Propel Wall Street To Record Peaks, Oil Plunges Below $70, Gold Shines At All-Time Highs: This Week In The Market – Apple (NASDAQ:AAPL), SPDR Gold Trust (ARCA:GLD)

Cs news2 months ago2 months ago04 mins

Wall Street powered ahead this week as stronger-than-expected bank earnings and upbeat guidance pushed the S&P 500 and Dow Jones Industrial Average to record highs. The September retail sales report positively surprised expectations, while a notable drop in weekly jobless claims reinforced the perception that the U.S. economy remains strong. This momentum has led some…

Billionaire Investor Ray Dalio Urges Xi Jinping’s China To Implement This To Prevent Debt Crisis: ‘They Have The Willingness To Do That’ – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news2 months ago2 months ago05 mins

Ray Dalio, the founder of Bridgewater Associates, has called on Xi Jinping‘s China to adopt a “beautiful deleveraging” strategy. This comes in the wake of China’s recent stimulus measures, which Dalio believes should be complemented with this strategy to avert a potential debt crisis. What Happened: Dalio, while speaking at the FutureChina Global Forum in…

Alibaba, Nio, JD.Com And Other US-Listed China Stocks Tumble As Investors Await Clarity On Fiscal Stimulus Plan – Alibaba Gr Hldgs (NYSE:BABA), JD.com (NASDAQ:JD)

Cs news2 months ago2 months ago04 mins

China’s stock market faced a significant decline on Tuesday, even as broader Asia-Pacific markets experienced gains. This downturn occurred in the wake of record highs on Wall Street, where the Dow Jones Industrial Average and the S&P 500 reached new peaks. What Happened: Several Chinese companies saw notable declines. Nio Inc – ADR NIO fell…

Alibaba, JD.com, XPeng Soar In Hong Kong As PBOC’s Fresh Stimulus To Boost Stock Market Sends Chinese Main Stock Market Gauge Up By 3% – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news2 months ago2 months ago05 mins

The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People’s Bank of China announced measures to boost the stability of the domestic equity market. What Happened:…

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news2 months ago07 mins

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…

Chinese EV Stocks Li Auto, BYD, Nio To Benefit From Rebound: Analyst – BYD (OTC:BYDDF), Li Auto (NASDAQ:LI)

Cs news2 months ago04 mins

Macquarie Equity Research issued a positive outlook for the short-term Chinese EV market following a $142 billion (one trillion yuan) stimulus package. Analysts listed several positive catalysts, including new model launches, expanded margins due to operating leverage, the end of subsidies pulling demand forward, reduced discounting pressures and clarity on potential European Union (EU) tariffs,…

Ray Dalio Sees Potential For ‘Beautiful Deleveraging’ In Xi Jinping’s Economic Strategy For China

Cs news2 months ago2 months ago05 mins

In a recent LinkedIn post, billionaire investor Ray Dalio, founder of Bridgewater Associates, offered his insights on China’s economic future, suggesting the country stands at a critical juncture. What Happened: Dalio’s analysis comes in the wake of significant policy announcements by Chinese leadership, including President Xi Jinping and key economic bodies. Dalio highlighted three key…

China’s Tech Stocks Surge: What Top Investors Know That You Don’t – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news3 months ago08 mins

Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia’s powerhouse. China’s technology sector has the lowest valuation in history compared to its American counterpart. Measured through the KraneShares CSI China Internet…