Last Updated:March 12, 2025, 07:59 IST US equity market weakness continued Tuesday after Monday’s crash due to Trump’s recession hints. Dow fell 1.14%, Nasdaq dipped 0.18%. Tariff threats fueled fears. US market suffered another downturn following Trump’s tariff threats. The weakness in the US equity market continued on Tuesday following Monday’s crash triggered by Donald…
China’s plan to draw long-term capital into its stock market, as a stabilising measure amid escalating tensions with the US, could drive net inflows from insurers, mutual funds and social-security funds to 1.7 trillion yuan (US$236.2 billion) this year, according to UBS. Insurance funds’ allocations to Chinese equities could rise steadily amid falling bond yields,…
China’s top legislature will begin its annual parliamentary meeting on March 5 next year – a session that will be closely watched by investors as Beijing will announce its growth target and decide on ways to stimulate the country’s stalled economy. The start date of the third annual session of the 14th National People’s Congress…
Dec 02, 2024 10:01 AM IST CHINA-YUAN/MIDDAY:China’s yuan s SHANGHAI, – The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers’ index data raised concern China’s economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite…
US President Joe Biden has called on President-elect Donald Trump to reconsider his proposed tariffs on Canadian, Mexican, and Chinese goods, calling them “counterproductive” as the transition of power moves forward from the Democrats to the Republicans.“I hope he rethinks it. I think it’s a counterproductive thing to do,” Biden told reporters on Thursday in…