Shoppers in Beijing. (Bloomberg) — China’s longest stock rally in years has done little to encourage households to shell out more money during a major holiday this month, a worry for an economy already entering a slowdown. After the summer ended with two of the weakest months for retail sales this year, preliminary figures showed…
Foreign inflows to Chinese stocks will probably continue after the summer, as a regulatory push to boost shareholder returns, appealing valuations and rising expectations of interest-rate cuts in the US lure investors, according to Morgan Stanley. The rotation back to Chinese stocks was expected to be “stronger” after two consecutive months of net buying by…
(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…