For investors looking past the initial risk-on rally in US equities following Donald Trump’s decisive election victory, now comes the hard part. The Republican president-elect made plenty of campaign promises: steep tariffs, tax cuts, business-friendly deregulation and tighter immigration laws, to name some. For investors who plowed into stocks last week on speculation Trump’s policies…
The stock-market euphoria that followed Donald Trump’s presidential victory saw traders snap up risk-asset ETFs as they largely shrugged off the prospect of higher interest rates that threaten to dent some of those strategies. In total, roughly $18 billion of fresh money was added to exchange-traded funds focusing on US equities Wednesday. That’s almost 16…
Asian equities were set to climb Thursday after US stocks hit fresh highs as investors positioned for a second Donald Trump presidency. Treasuries tumbled and the dollar soared. Australian stocks and futures contracts for Japanese stocks advanced, echoing the gains on Wall Street. The S&P 500 climbed 2.5% Wednesday, its best post-Election Day in history,…
No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off or he ends up getting burned. Musk, whose growing political apparatus has already proved its mettle, will gain more than just an ally in the…
China has lodged a complaint with the World Trade Organization over the European Union’s final tariffs on Chinese electric vehicle imports, escalating a dispute that’s straining an already fraught relationship. Beijing brought the case to the WTO’s dispute settlement mechanism on Monday to “safeguard the development interests” of the EV industry, according to a statementBloomberg…
China is taking further steps to attract foreign money just days before US elections that have raised concern about the impact on the world’s second-biggest economy from a return of Donald Trump to the White House. Foreign individuals are now allowed to provide capital for publicly traded firms as strategic investors, the China Securities Regulatory…
A lack of green offices is posing a fresh risk to Hong Kong’s beleaguered property sector amid a slump that’s already wiped billions of dollars from real estate values. Faced with record vacancy rates and dwindling revenues, developers are reluctant to invest in expensive building upgrades to boost climate credentials and are as a result…
China’s quantitative hedge funds risk ending years of outperforming the market, after a surge in local stocks spurred by the government’s economic stimulus package last month beat their models and squeezed short positions. Quants’ long-only strategies trailed mainland Chinese stocks’ 22% jump by 2 percentage points in September, turning their year-to-date so-called excess return into…
The European Union has decided to send officials to Beijing to hold more talks aimed at finding an alternative to tariffs on electric vehicles from China, according to people familiar with the matter. Agreeing to accept China’s invitation to travel to Beijing suggests there is some momentum in the negotiations, the people, who spoke on…
The European Union will impose higher tariffs peaking at 45% on electric vehicles from China, ratcheting up trade tensions between the world’s leading export powers. The regulation introducing the levies will be published on the EU’s official journal Wednesday. That paves the way for their entry into force later this week after months of negotiations,…