Fewer Hongkongers withdrew funds from the city’s mandatory pension plan in the fourth quarter of last year, as a stock market rally prompted more members to leave their investments in place even when they stopped working or left the city, according to analysts. The number of people taking their money out of the Mandatory Provident…
Another year, another double-digit gain for the S&P 500. But while AI seems to be an unstoppable force propping up the three-year bull rally, Bank of America says unique risks are emerging. Much of the market’s gain since the October 2022 low has been driven by endless enthusiasm for AI, and companies have supported investors’…
(Bloomberg) — A popular Chinese financial data provider has halted releasing figures tracking local bond flows, according to some of the firm’s clients, as a rally in the country’s stock market fuels a selloff in sovereign debt. Shanghai Tiantian Fund Sales Corp., which runs a data platform targeting China’s asset management firms, didn’t publish daily…