(Updates prices, adds context) HONG KONG, June 2(Reuters) – Chinese stocks listed in Hong Kong weakened to near a one-month low on Monday and offshore yuan slipped as renewed Sino-U.S. tariff tensions weighed on sentiment. Concerns over U.S.-China trade tensions flared up again following a fresh spat over tariffs. China’s Commerce Ministry rebuked U.S. President…
(Bloomberg) — For stock traders in Hong Kong, Monday’s mayhem was one for the history books. Most Read from Bloomberg As the global market meltdown worsened on Monday, the tumult in Hong Kong stood out. The city’s benchmark Hang Seng Index plunged 13%, the most since 1997, with the session concluding with the highest equity…
Amid the United States President Donald Trump’s imposing an additional 34 percent tariff on China, the latter on Monday accused the US of unilateralism, protectionism, and economic bullying with tariffs, reported Reuters. Speaking to reporters on China’s position, Chinese foreign ministry spokesperson Lin Jian told reporters, “Putting the US first over international rules is a…
(Bloomberg) — China investors are bracing for a grim Monday as the nation’s markets return from an extended weekend and factor in its retaliation to US tariffs. Most Read from Bloomberg A gauge of Chinese stocks listed in the US plunged 8.9% on Friday, the most since October 2022, amid global market turmoil after Beijing…
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery. The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January,…
Chinese stocks’ world-beating rally faces a reality check after the US slapped a 34 per cent reciprocal tariff on imports from the mainland, casting a shadow on its fragile economic recovery. The levy is in addition to the existing 20 per cent tariff imposed by President Donald Trump shortly after he took office in January,…
We recently published a list of Top 10 Growth Stocks in David Tepper’s Portfolio. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other top growth stocks in David Tepper’s Portfolio. Buy “everything” related to China has been David Tepper’s investment theme despite the uncertainties about the…
Chinese equities have been out of favor among many investors for the past few years. However, the tide appears to be turning, driven by strong corporate profits, enthusiasm over artificial intelligence and an apparent easing of regulatory pressure from Beijing. “China is back on the radar, at least in terms of investor interest,” Goldman Sachs…
(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…
(Bloomberg) — From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may convulse the world. Most Read from Bloomberg What had been a steady drumbeat of US stock selling turned into a stampede on Monday as recession…