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Alibaba, Tencent earnings to be watched for clues on consumer sentiment in China as trade war swirls

Alibaba Group Holding and Tencent Holdings will both report quarterly earnings on May 15, followed by Baidu on May 16, which will be closely scrutinised for any indication that growing trade tensions between the world’s two-biggest economies are impacting consumer sentiment in China. Alibaba China’s largest e-commerce operator blew past profit estimates in the previous quarter on growth in gross merchandise volume (GMV) and its cloud services business despite a slowing domestic economy. … Source link

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Stocks Blog: Traders watching appliances, autos for clues on stimulus speculation

Good day traders. We’ll be closely covering the mainland and Hong Kong stock markets for you today. We’ll also bring you insights from experts about where sectors and companies are headed. Check back in throughout the day for updates.  — Zhang Shidong in Shanghai and Deb Price in Hong Kong   Source link

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Hong Kong, China stocks rise for third day as eyes turn to Trump-Xi meeting at G20 for trade war clues

Hong Kong and Chinese stocks ended slightly higher on Monday as investors turn their attention to an upcoming meeting between Donald Trump and Xi Jinping at the Group of 20 summit in Argentina for clues as to how the trade war between the two countries might play out. The G20 summit in Buenos Aires from November 30 to December 1 will be the last multilateral event of the year to be attended by both the American and Chinese presidents. The Hang Seng Index rose 0.7 per cent, or 188.47 points,…

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