Can Geely Auto be the Electric Vehicle King

Can Geely Auto be the Electric Vehicle King

Chinese-owned Swedish automaker Volvo said Tuesday it will produce only electric vehicles by 2030 and sell them all exclusively online. Volvo is among a growing crop of companies planning to ditch fossil fuel vehicles in the next few years, as demand for zero-emission cars rises and governments put pressure on firms to cut pollution. Indian-owned […]

200 billionaires were created in China last year

200 billionaires were created in China last year

More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of the virus pandemic, according to a global tally released Tuesday. The size of China’s exclusive billionaire’s club has almost doubled in the past five years as the world’s number two economy […]

China is Ramping Up Economy

China is Ramping Up Economy

Manufacturing activities outpaced expectations Manufacturing PMI was 50.6 in February and fell from 51.3 in January, but is still expanding. This signals some factory workers were still working during the Chinese New Year, where manufacturing activities sub PMI was 51.3 in the month, having fallen from 53.5 in the previous month. This should be the […]

Asia Prefers China’s Sinovac in Coronavirus Fight

Asia Prefers China’s Sinovac in Coronavirus Fight

When a plane carrying Thailand’s first batch of COVID-19 vaccines from China’s Sinovac landed at an airport here on Wednesday, people waiting on the tarmac cheered and applauded. “Thank you to the People’s Republic of China for delivering the first batch of vaccines this month and the following batches in the subsequent months,” said Thai […]

Farmmi Inc $FAMI Continues to Expand

Farmmi Inc $FAMI Continues to Expand

Farmmi Inc is engaged in processing and distributing dried edible mushrooms, mainly Shiitake and Mu Er mushrooms, and trading other agricultural products. The Company produces andsells Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and other agricultural products such as rice and edible oil. The Company also sells non-fungi agricultural products such as crabs and […]

Asian Markets Move High

Asian Markets Move High

Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday, while traders were also taking heart from more positive developments on the vaccine front. Expectations the global economy will rocket have helped equities surge in recent weeks, but optimism is giving way to concerns the rebound — and […]

Huawei Going Strong

Huawei Going Strong

Chinese telecoms giant Huawei is enjoying an extended honeymoon with oil-rich Gulf nations, despite being criticised in the United States and Europe as a potential security threat. Arab Gulf countries — strategic partners of Washington that are seeking to diversify their economies — are investing heavily in the sector as their appetite for technology grows. […]

Hong Kong is Killing it’s Stock Exchange

Hong Kong is Killing it’s Stock Exchange

Hong Kong hiked stamp duty on stock trades Wednesday in a step towards increased taxes, more regulation and an end to the business friendly city a record budget deficit, sending the local equity market tumbling. The business-friendly financial hub, which prides itself on low taxes and no capital gains tax, has been battered for two […]

Baidu, Inc. (NASDAQ:BIDU) is a Buy

Baidu, Inc. (NASDAQ:BIDU) is a Buy

Baidu, Inc. (NASDAQ:BIDU) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. “Baidu ended 2020 on a solid note with our business benefiting from improving macroeconomic environment and the digitalization of industrial Internet. Our focus on innovation […]

Changes to China Stocks

Changes to China Stocks

— The Chinese stock market kicked off the first trading day of the Year of the Ox with widespread gains. — As China steps up capital market reforms, Chinese stocks and bonds will become increasingly attractive to both domestic and international investors. — China’s financial opening up is running at full tilt despite the changing […]

Mobile Games Boom in China

Mobile Games Boom in China

The top 30 Chinese mobile game publishers reported a surge in revenue last month thanks to their overseas market expansion. These game developers raked in over 2.3 billion U.S. dollars in worldwide revenues in January, a surge of 47.3 percent year on year, according to Sensor Tower, a mobile app data analysis firm. The figure […]

Farmmi (FAMI) Gets an Upgrade

Farmmi (FAMI) Gets an Upgrade

Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced it received a new order from a long-term customer for dried mushrooms, which will be exported to Dubai. Fami strategic objective is to build a global trading platform for agricultural products with Chinese geographical indications, with the help of modern artificial intelligence technology […]

Baltic Global Container Index: Demand for China Production Strong

Baltic Global Container Index: Demand for China Production Strong

Maritime container freight shipping is steaming ahead through the Covid-19 pandemic, boosted by strong demand for Chinese exports and a shortage of vessels according to industry experts. The Freightos Baltic Global Container Index (FBX), which tracks the cost of container shipping, has almost quadrupled for the China-Europe route since early November to stand at $7,827 […]

Kuaishou IPO in Hong Kong

Kuaishou IPO in Hong Kong

Shares in Chinese video app company Kuaishou almost tripled on their Hong Kong debut Friday, following a $5.4 billion initial public offering for the TikTok rival that was the biggest for an internet firm in nearly two years. Its outstanding debut comes despite a crackdown by China on tech firms in recent months and will […]

Sino-Global (NASDAQ: SINO) Bitcoin Mining

Sino-Global (NASDAQ: SINO) Bitcoin Mining

Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global”, the “Company” or “we”), a non-asset based global shipping and freight logistical integrated solutions provider, announced today that the newly appointed Chief Operating Officer Mr. Lei Nie and Chief Technology Officer Mr. Xintang You will spearhead the Company’s effort to enter Bitcoin mining. As Sino-Global evaluates its strategy for 2021 and beyond, the planned Bitcoin […]

Tencent HKG:0700 Cloud is Growing

Tencent HKG:0700 Cloud is Growing

Tencent Cloud today announced that it was given the 2020 Frost & Sullivan Competitive Strategy Leadership Award in the Global Cloud Industry, recognizing the business’s outstanding performance in the global cloud space and highlighting its top-notch security standard and services. Judged based on three key strategic imperatives identified by Frost & Sullivan—new business models, competitive […]

China Still Moving Forward

China Still Moving Forward

Factory activity in China slowed slightly in January, official data showed Sunday, as the country rushed to stamp out a recent coronavirus wave in northern China. The purchasing managers’ index (PMI), a key gauge of manufacturing activity, came in at 51.3 this month, as the world’s second-largest economy tightened Covid-19 precautions ahead of the Lunar […]

Ultimate DeFi Program

Ultimate DeFi Program

The Lucky Club is a Decentralized Finance (DeFi) initiative at the forefront of innovation in Fintech using blockchain and other proprietary protocols to allow people to not only use services like brokerage, banking and investing but to also participate directly in earning money in a way previously only available to Financial Institutions. As we build […]

China Industrials Back to Growth

China Industrials Back to Growth

China recorded a steady increase in major industrial profits last year as market demand improved amid sustained economic recovery, according to the National Bureau of Statistics (NBS) on Wednesday. In 2020, the profits of major industrial firms with an annual business turnover of at least 20 million yuan (about 3.09 million U.S. dollars) rose 4.1 […]

China’s Stock Market Gained Over 18-M New Investors in 2020

China’s Stock Market Gained Over 18-M New Investors in 2020

#China #stock #market #investors Around 18.02-M investors in China opened accounts to trade stocks on the Shanghai and Shenzhen exchanges in Y 2020, industry data showed. That is a 36.04% increase from Y 2019 marking a record high not hit since Y 2017, according to the China Securities Depository and Clearing Corporation Limited. By the […]

The Decentralized Finance (DeFi) Initiative

The Decentralized Finance (DeFi) Initiative

The Lucky Club is a Decentralized Finance (DeFi) initiative at the forefront of innovation in Fintech using blockchain and other proprietary protocols to allow people to not only use services like brokerage, banking and investing but to also participate directly in earning money in a way previously only available to Financial Institutions. As we build […]

Blackrock Bets on Bitcoin

Blackrock Bets on Bitcoin

BlackRock, a global money management powerhouse, is opening the door to investing in bitcoin futures in a potential boost for all cryptocurrencies. BlackRock is the world’s largest asset manager, with $7.81 trillion in assets under management as of end-Q4 2020. Securities filings from the investment giant show at least two BlackRock funds may buy bitcoin, […]

China is Booming

China is Booming

China’s per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday. The figure represents a 2.1-percent year-on-year increase in real terms after deducting price factors, said Fang Xiaodan, an official with the National Bureau of Statistics. During the last 10 years, […]

China Dominates IoT Market

China Dominates IoT Market

China will surpass the United States to become the world’s largest Internet of Things (IoT) market in 2024, according to an industrial report. The global IoT market is expected to reach a value of USD 1256.1 billion by 2025 from USD 690 billion in 2019 at a CAGR of 10.53%, during the period 2020-2025. … […]

US China Trade War Hurting Growth

US China Trade War Hurting Growth

Reducing tariffs on China by even a “moderate” amount would benefit the US economy, according to a study by a business council and an economics firm. The report released Thursday came as the United States awaits the inauguration of President-elect Joe Biden on Wednesday, who is expected to detail his trade policy the following day. […]

China Economic Data

China Economic Data

PMI 1. Manufacturing Purchasing Managers Index In December 2020, China’s Manufacturing Purchasing Managers Index (PMI) was 51.9 percent, down by 0.2 percentage point from last month, which was above the threshold for ten consecutive months, indicating that the manufacturing industry continued to recovery steadily. In terms of enterprise scale, the PMI of large enterprises was […]

Where is China Heading

Where is China Heading

China’s central bank outlined key policies and tasks for 2021 during an annual work conference held in Beijing. The People’s Bank of China (PBOC) said Wednesday in an online statement released after the meeting that it would adhere to the general principle of pursuing progress while ensuring stability, and offer effective financial support in accelerating […]

China Thrives on Tax Cuts

China Thrives on Tax Cuts

China Thrives on Tax Cuts The epidemic-induced lockdowns loomed over China’s economy in the first half of 2020, but with quick emergency response and government-aided stimulus package, the country’s economy roared back. Massive tax cuts and increased government spending have helped the economy recover faster. The market is also closely watching over the country’s fiscal […]

Yangtze River Economic Belt

Yangtze River Economic Belt

Since China made the development of the Yangtze River Economic Belt a national strategy, the country has shown firm determination in enhancing the ecological protection of its “mother river” and facilitating green, sustainable and high-quality development. The sprawling economic belt covers 11 provinces and municipalities from west to east, with Sichuan, Guizhou, Yunnan and Chongqing […]

What’s Hot in China for 2021

What’s Hot in China for 2021

What’s Hot in China for 2021 Optimism built up in the Chinese market at the beginning of 2021, with its stocks climbing and its currency gaining strength. China’s stock market headed into the new year on an upbeat note, with the benchmark Shanghai Composite Index rising 1.6 percent during the first two trading days. The […]

Redsun Services Upgraded (HKG:1971) Target $8.80

Redsun Services Upgraded (HKG:1971) Target $8.80

Redsun Services Upgraded (“Redsun Services” or the “Group”; stock code: 1971), a fast-growing comprehensive community services provider focused on the Yangtze River Delta, has earned CCB International’s optimistic view accolade owing to a recent M&A that will strengthen its Central China and Non-Residential Exposure. The Group has also been given a “Buy” rating by CCB […]

China Telecom, China Mobile and China Unicom Rally as Expected

China Telecom, China Mobile and China Unicom Rally as Expected

The New York Stock Exchange abandoned plans to delist three state-owned Chinese telecom companies on Monday, reversing a decision that further dented already strained relations between the world’s two superpowers. In a brief statement, the stock exchange said it “no longer intends to move forward with the delisting action” for China Telecom, China Mobile and […]

China Mobile Communications, China Telecommunications Corp and China Unicom (Hong Kong) Limited are a Buy

China Mobile Communications, China Telecommunications Corp and China Unicom (Hong Kong) Limited are a Buy

Shares in China’s big three state-owned telecom companies slid in Hong Kong Monday during the first day of trading since the New York Stock Exchange announced it was delisting the firms. Friday’s move by the NYSE seeks to comply with an order by outgoing US President Donald Trump barring investment in firms with ties to […]

China is Still a Growth Story

China is Still a Growth Story

China’s foreign trade, with its “dark horse” performance in 2020 amid a pandemic-induced global recession, is expected to further stabilize in 2021, Reuters said in a recent analysis. Quoting several economic experts, the British news outlet wrote in its Chinese online edition that China’s foreign trade is expected to sustain due to an early recovery […]

Inside the China EU Deal

Inside the China EU Deal

China and the European Union (EU) on Wednesday announced they have completed investment agreement negotiations as scheduled. The long-awaited result, which came after 35 rounds of negotiations in the course of seven years, is a milestone in EU-China relations and is expected to inject new vitality into the pandemic-battered global economy, European experts, officials and […]

China and Russia Extend Ties

China and Russia Extend Ties

Chinese President Xi Jinping said Thursday that he stands ready to maintain close contact with his Russian counterpart, Vladimir Putin, in various forms in a bid to lead their countries towards deeper comprehensive strategic coordination and practical cooperation in various fields. Xi made the remarks when exchanging New Year congratulations with Putin, adding that in […]

What are Chinese President Xi Jinping’s expectations for 2021

2021, a year that marks the beginning of China’s new five-year plan period and the 100th founding anniversary of the Communist Party of China (CPC), is knocking at the door. What are Chinese President Xi Jinping’s expectations for 2021, especially after the country’s hard-won achievements in 2020? Clues can be found in his New Year address. 2021: ‘Striving […]

China and Europe Move Closer Together

China and Europe Move Closer Together

The European Union and China on Wednesday approved “in principle” a major investment pact that Brussels hopes will open up lucrative opportunities, despite concerns about Beijing’s rights record. EU chiefs Ursula von der Leyen and Charles Michel agreed with China’s President Xi Jinping to wrap up seven years of painstaking negotiations during a video conference […]

China’s Cryptocurrency the Digital Yuan

China’s Cryptocurrency the Digital Yuan

— China’s digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure. — Unlike non-bank payment platforms that require users to link bank accounts, a digital wallet could be opened with any unique personal identification such as a driver’s license […]

TAL Education Group (NYSE:TAL) Raises $3.3b

TAL Education Group (NYSE:TAL) Raises $3.3b

TAL Education Group (NYSE:TAL) (“TAL” or the “Company”), a leading K-12 after-school tutoring services provider in China, today announced that a group of investors has agreed to invest an aggregate of $3.3 billion in the Company through private placement, of which $2.3 billion is in convertible notes (the “Convertible Notes Portion”), and $1 billion is […]

Beijing’s Zhangjiawan Design Town

Beijing’s Zhangjiawan Design Town

An innovation center and Beijing Future Design Park were inaugurated on Thursday in Beijing’s Zhangjiawan Design Town, as part of the city’s efforts to create a highland for cultural creativity and design services in its sub center. Now the innovation center is home to 106 companies in the fields of innovative design and urban technology […]

China Builds on Futures Market

China Builds on Futures Market

China’s drive to open its futures markets to the outside world has gathered pace with an ultimate goal to serve the real economy amid the country’s efforts to seek high-quality development. China currently has seven kinds of commodity futures and options open to direct participation by international investors, after overseas investors were allowed to participate […]

Republicans and Democrats Align with President Trump’s Hard Line on Chinese Stocks

Republicans and Democrats Align with President Trump’s Hard Line on Chinese Stocks

#PresidentTrump #Republicans #Democrats #Chinese #stocks $BABA $PDD $PTR Friday, President Trump signed legislation that will kick Chinese companies off US stock exchanges unless they adhere to American auditing standards. The Holding Foreign Companies Accountable Act (The Act) bars securities of foreign companies from being listed on any US exchange if they have failed to comply with the US […]

Asia-Pacific Stocks are Finishing this Year Strong

Asia-Pacific Stocks are Finishing this Year Strong

#AsiaPacific #stocks #earnings #growth $DIA $SPY $QQQ $RUTX $VXX “Asia-Pacific’s equity rally augurs a bright earnings outlook for Y 2021, strategists are upbeat across the board”— Paul Ebeling Citigroup Inc., Goldman Sachs Group Inc. and Nomura Holdings Inc. have penciled in earnings growth of more than 20% for Asian shares in Y 2021. Citi and […]

Gold Production Will Rise in 2021 on Post-Virus Chaos Demand

Gold Production Will Rise in 2021 on Post-Virus Chaos Demand

#gold #virus #demand #chaos $NEM $XAU $GLD Newmont Corp (NYSE:NEM) has forecast higher production of the precious Yellow metal next year at lower costs, expecting to build on a spike in demand experienced during the COVID epidemic chaos. The attraction of gold as a safe-haven asset drove prices up about 23% this year as global […]

$1m Dollar Demo Account Free, Win $1000

$1m Dollar Demo Account Free, Win $1000

$1m Dollar Demo Account Free, Win $1000 We are offering a $1m Demo account absolutely free, the best performing 100 people over the next 3 months will win a $1000 real account. Don’t Miss out!!!! Open Your DEMO Now Explore the markets and test your trading strategies with virtual cash in a demo account. Trading […]

China Closes Massive Asian Trade Deal

China Closes Massive Asian Trade Deal

Fifteen countries will on Sunday sign a sprawling Asian trade deal they hope will help them bounce back from the pandemic and which is seen as a huge coup for China in extending its influence. The Regional Comprehensive Economic Partnership (RCEP) — which includes 10 Southeast Asian economies along with China, Japan, South Korea, New […]

TikTok Still Available in USA

TikTok Still Available in USA

The US government announced Thursday it would delay enforcement of a ban on TikTok, saying it would comply with a court order in favor of the Chinese-owned social media sensation. The hit shortform video app was forbidden based on national security concerns voiced by US officials but the Commerce Department said it was holding off […]

Alibaba’s Big Singles Day

Alibaba’s Big Singles Day

#alibaba #singlesday $BABA The world’s largest online shopping bonanza began in China Wednesday with an army of workers and robots primed to sort packages, and international superstars hired to drive sales, on “Singles’ Day”. Conceived as an antidote to Valentine’s Day by BABA, the event falls on the eleventh of the eleventh — with all […]

Futures Rally as Biden Seen Ending China Trade War

Futures Rally as Biden Seen Ending China Trade War

US markets appeared ready to welcome the possible election of Joe Biden, with futures for the major New York Stock Exchange indices rising on Sunday evening ahead of the week’s trading. At around 0015 GMT, futures contracts for December on the Dow Jones appreciated by 0.99 percent, on the Nasdaq by 1.28 percent and on […]

Alibaba Thrives in Coronavirus World

Alibaba Thrives in Coronavirus World

Chinese e-commerce leader Alibaba on Thursday reported solid 30 percent year-on-year revenue growth for the July-September quarter, providing some much-needed good news amid turmoil over its Ant Group affiliate’s abandoned IPO. Hangzhou-based Alibaba said revenue — a key measure of the internet giant’s business health as well as overall Chinese consumer spending — rose to […]

China Vs Jack Ma for the Future of Finance in Asia

China Vs Jack Ma for the Future of Finance in Asia

China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite. Global markets were stunned Tuesday when Ant’s record-breaking $34 billion IPO was abruptly shelved, frustrating investors eager for a piece of […]

Ant Group IPO: Possibly the Worlds Biggest Bank in 10 Years

Ant Group IPO: Possibly the Worlds Biggest Bank in 10 Years

Fintech giant Ant Group is facing growing Chinese pressure over potential risks in its online lending business, with co-founder Jack Ma and other executives summoned to an unusual meeting with regulators just ahead of its record-breaking IPO this week. The firm’s Alipay platform has helped revolutionise commerce and personal finance in China, with consumers using […]

Tesla Making China a Winner

Tesla Making China a Winner

#Tesla $TSLA will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing US electric carmaker has announced. The Model 3 vehicles will be shipped to more than 10 countries including France, Germany, Italy and Switzerland, the group said in a statement sent Tuesday to AFP. “This […]

China’s Economy Rebounding

China’s Economy Rebounding

China’s economy grew 4.9 percent on-year in the third quarter, sustaining its rebound from bruising virus lockdowns and moving closer to pre-pandemic levels, official data showed Monday. But the world’s second-largest economy grew slightly below expectations in the July-September period, National Bureau of Statistics (NBS) data showed, which warned of uncertainty ahead as “the international […]

China Economy in Recovery

China Economy in Recovery

China’s economic recovery gathered pace in the third quarter, according to an AFP poll of analysts, with consumer spending gradually picking up as coronavirus fears eased, helping a wider rebound spurred by investment and exports. Growth in July-September is expected to come in at 5.2 percent when official data is released Monday, bringing the world’s […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares finished slightly higher Tuesday as the central bank held Key rates steady ahead of the Federal budget later in the day. The S&P/ASX 200 index .AXJO closed up 0.2% at 5952.7. The benchmark had gained 2.6% Monday. In New Zealand, the benchmark S&P/NZX 50 index .NZ50 closed 0.6% higher at 11,975.02. […]

United Airlines Restarts China Service

United Airlines Restarts China Service

$UAL #CHINA #COVID19 United Airlines today announced it will start nonstop service to China four-times weekly between San Francisco and Shanghai’s Pudong International Airport. Beginning Oct. 21, 2020, United will operate four weekly nonstop flights with Boeing 777-300ER aircraft from San Francisco to Shanghai on Wednesdays, Fridays, Saturdays and Sundays. Customers traveling from Shanghai will […]

IMAX Corporation (NYSE: IMAX) Surprise Winner in China

IMAX Corporation (NYSE: IMAX) Surprise Winner in China

IMAX Scores Record-Breaking $13 Million Opening Weekend Of National Day Golden Week Holiday In China National Holiday Grosses for IMAX Up 25% Over 2019, Pushing the Company to More Than $53 Million Box Office in China Since Theatres Reopened in July IMAX Corporation (NYSE: IMAX) today announced that the company scored a record-breaking $13 million […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan A hardware failure shut down trading on the Tokyo Stock Exchange Thursday in the worst outage ever suffered by the world’s 3rd-largest stock market, which said it aimed to reopen Friday. Australian shares closed higher Thursday, rebounding from a more than 2% drop in the prior session, boosted by […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares fell more than 2% Wednesday, with miners and financials suffering major blows, as investors tracked Wall Street futures lower. The S&P/ASX 200 index ended 2.3% lower at 5,815.9, posting their 3rd straight session in the Red. The benchmark snapped a 5-month winning streak, and lost 1.4% during the […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan  Asian markets were powered Monday by signs China’s economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region. MSCI’s broadest index of Asia-Pacific shares sans Japan advanced 0.7% to 551.48, but stayed within striking distance of a 2-month low of […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Stock markets across Asia’s emerging economies fell Thursday as concerns about rising coronavirus cases in the developed world hammered investors’ risk appetite, driving capital into USD and other safe-havens. Australian shares closed nearly 1% lower Thursday, tracking declines on Wall Street, as fresh economic data from the United States […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Asian shares were broadly weaker Tuesday as possible delays in expanded US aid/relief/stimulus and concerns about fresh virus lockdowns in Europe dented the recent positive sentiment towards global equity markets. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.68%. Australia’s S&P/ASX 200 .AXJO dropped 0.5%, Hong Kong’s Hang Seng index .HSI was […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares dipped Monday, as a Wall Street decline in the prior session and surging cases of C-19 in Europe pushed investors to look past an improvement in the domestic virus chaos. The S&P/ASX 200 index slipped 0.2% to 5,852.10 by 0102 GMT. In New Zealand, the benchmark S&P/NZX […]

Friday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares ended lower for a 2nd session running Friday, as losses in financials offset gains in mining stocks, while a rise in infections in the country’s virus hotspot Victoria dashed hopes of a Fassst recovery. The S&P/ASX 200 index shed early gains to edge 0.3% lower to 5,864.5 at […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Japanese stocks fell Thursday, pushed lower by major exporters after the Fed’s dovish tone drove JPA to a 7-wk high Vs USD. The Nikkei 225 Index fell 0.68% to 23,316.75 by 0159 GMT. The broader Topix fell 0.47% to 1,636.65. China shares ended weaker Thursday, with healthcare and consumer […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares ended flat Tuesday, weighed by banking stocks as minutes from the central bank’s recent policy meeting did not provide a clearer direction on further policy measures. The ASX 200 index ended 0.08% lower to 5,894.8. In New Zealand, the benchmark S&P/NZX 50 index ended 0.2% lower to […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares end higher as miners lead, virus cases abate Australian shares closed higher Monday, boosted by mining stocks, after the country’s C-19 hotspot state of Victoria reported its lowest single-day rise in new infections in nearly 3 months. The S&P/ASX 200 index ended 0.7% higher at 5,899.5. New […]

Friday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares closed at their lowest in 2.5 months Friday as hopes that the coronavirus curbs would ease soon were dashed after state leaders defended regional lockdowns and internal border closures. The S&P/ASX 200 index closed 0.83% lower to 5,859.4, its lowest since 29 June. On the week, it […]

Monday’s World Stock Markets Wrap: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China’s benchmark Shanghai Composite Index ended at its lowest close since late July as investors sold off sectors seen as over-valued, and as the reported possible blacklisting of China’s largest chip maker by the United States hit tech firms. At the close, the Shanghai Composite index was down 1.87% […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares seesawed Monday, as investors remained cautious ahead of the central bank’s cash rate decision and Q-2 economic growth data expected this week to gauge the impact of the C-19 chaos domestically. The S&P/ASX 200 index rose 0.2% to 6,083.60 by 0100 GMT New Zealand’s benchmark S&P/NZX 50 […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australia shares rise ahead of Fed Chairman Powell’s Jackson Hole speech Investors are now looking for hints from Fed’s Powell’s speech, due at 1310 GMT, that the central bank might tweak its policy framework to help push up inflation. The S&P/ASX 200 index rose 0.2% at 6,126.20, marking a […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares finish higher Tuesday, as sentiment was boosted by signs of progress in US-China trade talks and positive developments in C-19 treatments The S&P/ASX 200 index rose 0.5% at 6,161.4 at the close. New Zealand’s benchmark S&P/NZX 50 index rose 0.6% at 11,993.18 Shares on China’s tech-heavy ChiNext […]

Alibaba (NYSE:BABA) a Coronavirus Winner

Alibaba (NYSE:BABA) a Coronavirus Winner

$BABA #CORONAVIRUS #CHINA #ALIBABA Chinese e-commerce leader Alibaba on Thursday reported solid 34 percent growth in revenue for the April-June quarter in the latest sign that the coronavirus, rather than hurting the company, had actually helped. Hangzhou-based Alibaba said revenue — a key measure of the internet giant’s business health as well as overall Chinese […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares finished lower Thursday as appetite for risky assets faded on fears that the country’s relationship with China could further sour following a report that the government would block a Chinese buyout offer of a local dairy firm. The S&P/ASX 200 index slipped 0.8% to 6,120.00 at the […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Shanghai stocks finished lower Wednesday after 3 sessions running of gainers, as investors took profits while a trade talk delay with US dampened sentiment. At the close, the Shanghai Composite index was down 1.24% to 3,408.13. The blue-chip CSI300 index was down 1.5%, with its financial sector sub-index lower […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan Australian shares closed higher Tuesday, with healthcare stocks leading gains, as the central bank’s mins showed some optimism around its economy and the spread the coronavirus in the country appeared to ease. The S&P/ASX 200 index ended 0.8% higher at 6,123.40. In New Zealand, the benchmark S&P/NZX 50 index […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China shares closed at their highest in more than a month Monday after the central bank injected fresh funds into the country’s financial system, with securities firms rallying on hopes for a lift from capital market reforms. At the close, the Shanghai Composite index was up 2.34% at 3,438.80 […]

Friday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia  Australian shares rose Friday, recording their biggest weekly gainer in 6, as the country’s central bank chief called for more fiscal stimulus to revive an economy facing its deepest recession in about a 100 yrs. Gold and tech stocks drove the S&P/ASX 200 index 0.6% higher at 6,126.2 at […]

Tuesday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia Japanese shares gained Tuesday on hopes of additional US fiscal aid/relief/stimulus to bolster the world’s largest economy, as major countries break away from the impact of the coronavirus chaos. The Nikkei 225 Index ended up 1.88% at 22,750.24. The broader Topix index rose 2.54%.  Australian shares rose to a […]

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan #Thailand Thai stocks turned positive Wednesday after its central bank held interest rates as expected and predicted Q-2 output would be better than forecast, while warning it was ready to quell gains for the baht. The bank, which already has rates at a record low of 0.5%, said exports […]

Tuesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China stocks ended higher Tuesday, underpinned by strong gains in banks as investors cheered Beijing’s latest move to ease pressure on the country’s financial institutions. The blue-chip CSI300 index rose 0.1% at 4,775.80, while the Shanghai Composite Index also inched up 0.1% at 3,371.69. Banks led the gainers, with […]

Monday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan China shares rose on upbeat factory data, tech boost At the close, the Shanghai Composite index was up 1.75% at 3,367.97. The blue-chip CSI300 index was up 1.62%. The smaller Shenzhen index ended up 2.6% and the start-up board ChiNext Composite index was higher by 2.629%. Shanghai’s tech-focused STAR50 […]

Thursday’s World Stock Markets: Asia-Pacific

#AsiaPacific #stock #markets China shares finished lower Thursday, with tech and resources shares leading the declines, as some investors booked profits following the market’s strong finish in the prior session. The blue-chip CSI300 index ended down 0.5% to 4,656.15 and the Shanghai Composite Index 0.2% to 3,286.82. Australian shares finished higher Thursday as investors cheered […]

Wednesday’s World Stock Markets: Asia-Pacific

China’s benchmark index posted the biggest gainer in a wk Wednesday as investors bought up shares after recent slumps, while the tech-focused STAR board soared on new listings. At the close, the Shanghai Composite index was up 2.06% at 3,294.55, its best daily performance since 20 July. The blue-chip CSI300 index was up 2.42% with […]

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