News of Chinese President Xi Jinping‘s potential meeting with Alibaba co-founder Jack Ma has further buoyed the country’s soaring tech stocks and is expected to be the next catayst, according to a report by Bloomberg. The publication cited sources saying that Ma is on the list of prominent entrepreneurs invited to meet China’s top leaders….
Tesla’s (TSLA) post-earnings stock rally has cost short sellers billions. Tesla short sellers lost $4.2 billion in the two days following the EV maker’s third quarter earnings last Wednesday, according to data from S3 Partners. Tesla reported a higher-than-expected third quarter profit and improved margins after the bell Oct. 23. Those beats helped Tesla stock…
The Dow led US stock futures lower on Wednesday, as doubts about rate cuts weighed on investors getting ready for a busy day of earnings highlighted by Boeing (BA) and Tesla (TSLA). Dow Jones Industrial Average futures (YM=F) fell 0.4%, while S&P 500 futures (ES=F) edged down 0.2% after the benchmark booked back-to-back losses for…
A former Hong Kong transport minister has poured cold water on the government’s hype over the “panda economy”, arguing it should focus on contributing to the country’s high-end development rather than “aiming at the low end”. Anthony Cheung Bing-leung also said on Saturday that Hong Kong was struggling to appeal to investors because it had…
China’s stock rally is fading after the Shanghai Composite (000001.SS) fell more than 6% and the Hang Seng (^HSI) fell more than 1% after Tuesday marked its worst day since 2008. Yahoo Finance Senior Reporter Alexandra Canal reports more on the movement as concerns grow about China’s stimulus efforts. To watch more expert insights and…
A look at the day ahead in European and global markets from Rae Wee Investors hoping for a roaring restart to China’s stock rally, after the mainland’s week-long holiday, were disappointed on Tuesday when Beijing policymakers offered only broad brush strokes about stimulus plans at a high-profile press conference. The National Development and Reform Commission…
China’s stock rally could extend another 15% to 20%, Goldman Sachs says. China’s equity indexes have jumped dramatically since Beijing announced major stimulus policies. Goldman highlighted still low valuations and diminishing risk as tailwinds for a continued rally. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….