A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher. First-time share sales in Hong Kong have raised HK$77 billion ($9.9 billion) this year through May, the most for the period since 2021,…
Bullishness is rising among fund managers surveyed by Bank of America. But an AAII survey suggests everyday investors are the most bearish since 2023. Big institutions are especially upbeat about international markets. Retail investors and fund managers are watching the same stock market, but they’re seeing two different things. The latest Bank of America survey…
Every few months, BI takes a look at what top investors are placing big bets on. We’ve compiled 9 stocks that these “whales” have at least 20% of their portfolios in. Data is from GuruFocus.com. Every few months, we take a look at what top investors — known in market-speak as “whales” — are placing big…
Municipal bonds jumped on Monday, following gains in the US Treasury market after Scott Bessent was named as President-elect Donald Trump’s nominee for Treasury secretary, with traders betting the hedge fund manager will bring a Wall Street mindset to the role. Benchmark state and local government yields fell by as much as 7 basis points…
A big theme in finance over the past two decades has been a shift in power away from investment banks that traditionally dominated the industry to the asset management firms that orbit it. Now, that’s reflected in the seat of government, too. By picking Scott Bessent as Treasury secretary, Donald Trump has chosen a Wall…
Base metals and iron ore gained as the dollar dropped following US President-elect Donald Trump’s measured pick for Treasury secretary. All major contracts on the London Metal Exchange advanced, tracking gains in stocks and other risk assets. The US currency sank by the most in more than two weeks, boosting commodities priced in it, following…
While Tesla Inc. is grabbing the headlines, Xpeng Inc. has been the hottest electric vehicle stock over the past few months as investors rapidly warm to its product strategy. The company’s Hong Kong-listed shares have surged 93% from an August low, far outpacing gains in peers from Tesla to fellow Chinese EV maker Nio Inc….
China’s economy is showing signs of rebalancing as consumption growth nearly caught up to factory output, in an upswing that now depends on how much more stimulus Beijing may deploy in the event of a tariff shock when Donald Trump returns to the White House in 2025. Retail sales grew at the strongest pace in…
For the big money on Wall Street, there’s the prep that’s bound to come with a coin-toss election that could dramatically swing policy. Trading desks staffed through the night, with teams in Hong Kong and Singapore enlisted to help. Tracking popular “Trump trades” — long the dollar, short bonds — ready to pile in or…
India is shaping up to be a destination for investors seeking a relative shelter from financial volatility linked to the US election. A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month, buoyed by robust…