China’s latest stock market rally has quickly turned retail investors’ mood across the country from extremely bearish to very bullish, as domestic social media fans a growing sentiment of FOMO – the fear of missing out – even though another round of volatility could be just down the road. That investor euphoria, aroused by the…
Goldman Sachs estimates China-focused hedge funds had best weekly performance on record By Summer Zhen HONG KONG, – Some China-focused hedge funds are reporting explosive returns in September, thanks to a sharp rebound in Chinese stocks driven by Beijing’s aggressive stimulus package. The surge in stocks, which fuelled a 25% record jump over five days…
Chinese stocks jumped after China’s central bank announced a stimulus package last week. Yan Wang, Alpine Macro chief emerging markets & China strategist, joins Julie Hyman and Josh Lipton on Market Domination to discuss how investors should be thinking about this rally. Wang says the “flurry of measures [announced] over the past couple of days”…
Chinese stocks could climb as much as 15% on the nation’s expected fiscal stimulus package, SocGen said. The package could be announced in October, potentially reaching 3 trillion yuan, the bank estimated. The stimulus measures could push China’s GDP to grow as much as 5% next year, strategist said. Chinese stocks could soon surge 15%,…
Hong Kong’s recent stock market boom has helped to give restaurants a boost in business, while mainland China’s “golden week” holiday has spurred an uptick in occupancy rates at some small and medium-sized hotels, industry leaders have said. They also said on Saturday that hotels were adapting to a change in booking patterns and offering…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, on Saturday saw homebuyers flock to its latest residential project in Kai Tak, the city’s former airport, on the back of the recent interest-rate cut and stock market rally. As of 7pm, the developer had sold 204 flats out of the 300 units…
Hong Kong’s recent stock market boom has helped to give restaurants a boost in business, while mainland China’s “golden week” holiday has spurred an uptick in occupancy rates at some small and medium-sized hotels, industry leaders have said. They also said on Saturday that hotels were adapting to a change in booking patterns and offering…
What’s Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU),…
The direct effects of China’s latest stimulus may not kick in until 2025, one researcher says. That’s because Beijing needs to ramp up spending in addition to monetary stimulus measures. More funds probably won’t be available until year-end, given lags in the legislative process. China’s massive stimulus package may not have any direct effect until…
What’s Going On With Chinese Stocks Alibaba, NIO, XPeng, Li Auto On Wednesday? Alibaba Group Holding (NYSE:BABA) and domestic rival stocks continued their rally since China announced stimulus plans to spur demand. Alibaba peers, including Baidu, Inc. (NASDAQ:BIDU), JD.com, Inc. (NASDAQ:JD), and PDD Holdings Inc. (NASDAQ:PDD), traded higher on Wednesday. Last week, China’s central bank…