Home 

China’s stocks sink to four-week low on policy headwinds from Politburo meeting

China’s stocks benchmark dropped the most in four weeks, as a top-level meeting by the Communist Party signalled that policymakers will pare the package aimed at bolstering economic growth.The Shanghai Composite Index retreated 1.7 per cent, or 55.76 points, to 3,215.04. Other major equity gauges dropped as well, with a measure of the 50 biggest companies on the Shanghai exchange shedding 2.4 per cent as the worst performer. Hong Kong’s market was closed for holidays and will reopen on Tuesday… Source link

Read More
Home 

Stocks Blog: China's stocks face headwinds as traders weigh where to place their bets

Got a bit of jitters? If so, you aren’t alone among traders in mainland and Hong Kong markets, where bears came out swinging Monday, sending the Shanghai benchmark down for the third consecutive trading day and the Hang Seng to its lowest level in nearly two weeks. Check in with us throughout the day to catch up on the latest action. We also feature our “Crystal Ball,” in which leading experts offer you their insights on where they think sectors and companies are going.  Your market guides… Source link

Read More
Home 

Don’t worry about amount raised, get out first – Chinese firms rush to list overseas, avoid 2019 headwinds

Vivien Han’s company went public in New York this summer, grabbing headlines in the Chinese media, and was considered another rising star that had successfully tapped the fast-growing Chinese consumer market. Han and her colleagues, however, did not consider the initial public offering (IPO) a success. “We had to cut the fundraising volume two times … market sentiment was not at its best. We suggested to our boss that maybe we should wait for a better window,” said Han. But the company’s founder insisted that they go ahead, regardless of…

Read More
Home 

With US data looking ominous, it’s time for a ‘China first’ strategy to brave the economic headwinds

It has all been a chimera. Markets are waking up to a bad dream and this is where the nightmare begins. Chaos is taking hold and markets are starting to panic. This is what happens when investors believe in the false prophets of “America first” and the trade truce. US President Donald Trump and much of the artifice of his economic policies and claims are coming undone, global markets are paying the price and China is in harm’s way. It is time to put up the defences and pray for…

Read More
China 

China signals big shift in economic course due to US trade war headwinds

China’s ruling Communist Party sent a strong message on Wednesday that it will significantly alter its economic policy course to respond to growing economic headwinds resulting from the trade war with the United States. The shift was signalled in a statement after a meeting of the Politburo, the party’s top policymaking body, which analysts agreed marked an important change in tone compared to three months ago. Past Politburo statements emphasised the “three battles” – of financial risk control, poverty alleviation and pollution curbs – that formed the core elements of…

Read More
Home 

Tencent, Alibaba and Baidu will reward patient investors who stay with them through the headwinds

We know from the writings of Warren Buffett, backed up by multiple academic sources, that wealth is generated from waiting. Buy companies that you believe in and stick with them through thick and thin, back the best management teams and resist the temptation to react to short-term news flows. Put another way, simply try to do nothing to see consistent compound interest gains on a gradually growing equity base accrue over a long period. The problem facing investors, bombarded by a huge amount of information every day, is that “doing…

Read More
China 

China eases up on winter smog fight as it battles American trade war headwinds

China will be less severe with its smog curbs this winter as it grapples with slower economic growth and a trade war with the United States, according to a government plan released on Thursday. Instead of imposing blanket bans on industrial production in the Beijing-Tianjin-Hebei area as it did last winter, the Ministry of Ecology and Environment said it would let steel plants continue production as long as their emissions met standards. Targets for overall emissions cuts have also been revised down. In the next six months, 28 cities in northern…

Read More