While the Indian stock market rebounded from a sharp six-day sell-off in Tuesday’s trade, metal stocks experienced a significant decline, with many stocks in the Nifty Metal index dropping by as much as 4% after China’s leading economic planner failed to introduce further stimulus measures. As a result, the Nifty Metal index fell 3.15% to…
Will China keep sucking foreign investment out of Indian markets? India’s key indices, NSE Nifty and BSE Sensex, fell nearly 1% in rollercoaster trading on Friday, taking their weekly loss to about 4.5%, the most since June 2022. The drop is partly due to the new-found interest in Chinese stocks among foreign investors, due to…
Beijing’s big-bang stimulus may have restored more than US$3 trillion of value to Chinese stocks, but not everyone has been lucky enough to reap that windfall, especially those who timed their exit before the rally took hold. Retail giant Walmart sold 144.5 million of JD.com’s US-listed shares at US$24.95 each on August 20, missing out…
Emerging market investors, who minted money following the mantra of ‘Buy India, Sell China’ in the last 2 years, are now beginning to take reverse steps following Beijing’s bazooka stimulus for rescuing the economy and markets. After languishing against other EM peers, the Chinese stock market has roared back to life with CSI300 jumping 25%…
Institutional investors are concerned about peak valuations in the Indian market. (AI image) Is it ‘Buy China, Sell India’ now? In the past two years, investors in emerging markets who followed the “Buy India, Sell China” strategy have made significant profits. However, they are now starting to reverse their positions in response to Beijing’s massive…
This month we track how a faster rise in the US 10-year treasury yields is becoming a cause of worry. Meanwhile, China has announced a stimulus package and lowered key policy interest rates to push economic growth. 1. Yield signals The US Federal Reserve delivered a sharp cut of 50 basis points in its benchmark…
The S&P 500 notched a new record on Thursday amid encouraging labor-market data and China stimulus. Micron was a big gainer, surging as much as 20% on strong earnings. Personal consumption expenditure data, the Fed’s preferred inflation gauge, comes out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Topline Chinese stocks surged Thursday as investors responded favorably to Beijing’s commitment to jolt its economy, with New York-listed shares of the firms adding hundreds of billions of dollars, helping boost American stocks as well. Traders work on the floor of the New York Stock Exchange prior to Alibaba Group’s initial price … [+] offering…
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. Jobless claims fell 4,000 to a four-month low of 218,000, beating estimates of a mild increase. Traders will be closely watching personal consumption expenditure data out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while…