Yield for China’s benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. This mostly came as traders were disappointed with the measures and are awaiting more stimulus amid China’s wait-and-watch approach to Donald Trump‘s re-election…
Hong Kong stocks fell for a second day, led by electric-car makers, on concerns Donald Trump’s return to the White House will heighten trade tensions, following his election pledges to raise tariffs on Chinese exports. Losses were limited on hopes China will frontload its stimulus to counter the impact. The Hang Seng Index dropped 0.3…
Hong Kong stocks rose, paring back a loss for the week, after property sales in China returned to growth for the first time this year, adding to evidence of stabilisation in the world’s second-largest economy. The Hang Seng Index gained 0.5 per cent to 20,417.72 as of 9.47am local time, paring to 0.6 per cent…
The Hang Seng Index fell 1.1 per cent to 20,469.32 as of 11.15am local time, erasing all gains from the past three days. China Merchants Bank slid after reporting a lower profit and Haier Smart Home retreated on lower-than-expected earnings, while WH Group rallied after its profit almost doubled. The Hang Seng Tech Index sank…
Chinese stocks climbed on Friday after the central bank kicked off two funding schemes and urged swift adoption of financial policies to support capital markets, while mixed economic data kept up pressure on policymakers for more stimulus. The People’s Bank of China (PBOC) launched two schemes to initially pump as much as 800 billion yuan…
Hong Kong and Chinese stocks fell after a raft of sluggish economic data underscored the urgency for Beijing to roll out fiscal stimulus to stabilise growth. The Hang Seng Index fell 0.6 per cent to 20,976.99 as of 10.03am local time. The Hang Seng Tech Index eased 0.1 per cent. The CSI 300 Index lost…
Investors in China may be wondering whether Chinese equities will end the year on a high or will continue to face adversity. Late September saw China’s central bank announce the most dramatic stimulus measures since the pandemic, reducing borrowing costs to boost the ailing property market. And moves to enhance equity market liquidity lifted domestic…
Hong Kong and Chinese stocks both rebounded from sell-offs after China’s central bank kicked off a US$70 billion financing facility to fund institutional buying and traders bet on more fiscal stimulus to shore up growth. The Hang Seng Index jumped 4.2 per cent to 21,508.37 at the noon break, set to snap a two-day, 11…
Mainland China stocks plunged on Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to revive the economy. Wednesday’s moves were a reversal from those seen the day before, after mainland Chinese stocks returned from a week-long holiday with a bang while those in…
Mumbai: Overseas fund managers have piled up bearish derivative bets on Indian equities at the highest level in a month, as signs of resurgence in Chinese stocks and worsening conflict between Israel and Iran have prompted them to reconsider their exposure.Foreigners’ long-short ratio – a measure of the number of their bullish positions versus bearish…