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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: 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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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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