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Stocks Blog: Traders on edge ahead of G20 meeting with Donald Trump and Xi Jinping

Good day, traders: So, the countdown continues to the high-stakes Xi-Trump chat about trade and tech in Japan. The G20 summit of leaders of the world’s top economies gets under way Friday, and the US and Chinese presidents are expected to meet on the sidelines. Traders are on edge, but there still have been plenty of money-making — and losing — plays.  We will keep you up on what’s driving mainland and Hong Kong markets. Always happy to hear from you at deb.price@scmp.com as we try to make… Source link

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Stocks Blog: Are Hong Kong, China markets ready to keep the rally going?

Happy Friday, traders. Thursday saw some big gains in mainland markets, and Hong Kong had a healthy bounce. Markets were up overnight in the US. Meanwhile, China’s securities regulator is preparing to relax controls on mergers and acquisitions of listed companies that would open the door to backdoor listing on its start-up board of ChiNext. We will keep up on the latest action. If you have questions, please shoot them to deb.price@scmp.com . — Yujing Liu and Deb Price in Hong Kong      Source link

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Stocks Blog: Hong Kong rises while Shanghai struggles for direction after Fed hints at rate cut ahead

Good day, traders. Overnight, the US Federal Reserve hinted that it may cut rates ahead, with the chairman noting “uncertainties” that made Fed officials “now see that the case for somewhat more accommodative policy has strengthened.”  We’ll be watching mainland and Hong Kong stocks closely. Please send any questions or feedback to deb.price@scmp.com . And welcome to our first reader from Brazil. — Yujing Liu and Deb Price   Source link

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Stocks Blog: Markets surge as Trump and Xi agree to talk trade at G20

Good day, traders. The big news overnight of course is that presidents Donald Trump and Xi Jinping will meet in Japan to talk trade at next week’s G20 summit. They talked on the phone, after discussions broke down last month and things got very ugly. Overnight, US markets rallied.  The Federal Reserve our tonight is expected to give signals on rates. The market sees cuts — as many as two — coming, but later this year. We’ll keep you up on the latest in mainland and Hong Kong markets. If…

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Stocks Blog: Will 'protest bounce' boost Hong Kong stocks a second day?

Good day traders. So, Hong Kong stocks picked up Monday — ending a three-day losing streak — after the city’s leader indefinitely shelved the controversial extradition proposal that spurred huge protests. Can that carry over today, as traders await the Wednesday overnight meeting of the US Federal Reserve and lots of tough talk out of Beijing on trade and the US as a bully? We’ll be watching the Hong Kong and mainland markets closely. If you have questions, please send them to deb.price@scmp… Source link

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Stocks Blog: Investors brace for fresh data offering clues on China economy as trade impasse drags on

Happy Friday, traders! And what a week it has been, what with the protests in Hong Kong on Sunday and Wednesday against an extradition bill adding to investor uncertainty over trade. We will have May industrial production and retail sales out of China today. Chinese drugmaker Hansoh Pharmaceutical Group debuts in Hong Kong today, raising about US$1 billion in one of the city’s biggest IPOs this year. Also, on trade, US economic adviser Larry Kudlow said overnight it wouldn’t be good for… Source link

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Stocks Blog: Hong Kong stocks under test after massive protests

Good day, traders. Traffic was back flowing in most of downtown Hong Kong this morning, but we will be watching to see whether protesters regroup and stage more demonstrations over a controversial proposal that would allow extraditions to mainland China. Protests dampened market sentiment on Wednesday, contributing to the worst fall on the Hang Seng in five weeks. Overnight, President Donald Trump said he has no deadline for getting trade talks back on track with China.  “My deadline is what… Source link

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Stocks Blog: Traders look to China data for clues on stock direction

Good morning, traders. More from the “Tariff Man” overnight. “It’s me right now that’s holding up the deal. And we’re going to either do a great deal with China or we’re not going to do a deal at all, ”US President Donald Trump said. Meanwhile, the SCMP reports that the US wanted “enormous, even hundreds” of changes to Chinese laws to protect intellectual property, which was a key factor in the collapse of trade talks. China May inflation data is to come out this morning. China Securities… Source link

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