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China, Hong Kong markets open lower after protests, start of new tech board in Shanghai

Welcome to a fresh week, traders. China’s new STAR technology board, which starts trading today, is expected to turn into a hotbed for speculators. The end of Sunday’s tense protests ended in violence, with rod-wielding attackers beating demonstrators at a Hong Kong railway station. The protests are weighing on business sentiment in the city, hurting some retail sales, discouraging some Chinese tourists to come, and prompting some foreign investors to think about Hong Kong’s long-term… Source link

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Chinese education unicorn Squirrel AI targets foreign markets with plans for mathematics and Mandarin lessons

Squirrel AI Learning, a Shanghai-based online after-school tutoring company, plans to expand into foreign markets in two years by developing an English-language curriculum for mathematics as well as Mandarin lessons for non-native speakers.“Why mathematics and Chinese-language lessons? Because there are so many foreigners who want to learn Chinese and they do not have good solutions,” Joleen Liang, partner at Squirrel AI Learning, said in an interview last week in Hong Kong. “So we’re going to… Source link

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When stock markets fall on good jobs data and easy money is the norm, we are in the midst of a Mad Hatter’s tea party

Alice was walking in Wonderland when the White Rabbit rushed by, glancing anxiously at his pocket watch. “Can’t stop to talk, got to pass on the bad news,” he gasped. “What bad news?” inquired Alice. “Haven’t you heard?” came back the response. “The employment data is even better than expected.” Surely you mean, said Alice, “worse” than expected if that is the bad news? “No,” snapped the White Rabbit, “the number of jobs is up and that’s bad news for the stock market.” But, protested a now… Source link

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Worries hang over Hong Kong, China markets, despite initial sentiment boost from hint of US Fed rate cut

Hong Kong and Shanghai markets closed up, but backed off earlier bigger gains that followed an initial sentiment boost from overnight hints of a rate cut by the US Federal Reserve.Markets stayed stuck in pretty much a fretful trading band, as investors remained cautious about China’s economic outlook and worried that the coming hot tech board called Star in Shanghai is draining money from other shares.The Shanghai closed a teensy bit ahead, up just 0.08 per cent to 2,917.76.The CSI 300 of large… Source link

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Chinese home builders ‘hunger’ for offshore bond markets after land spending binge prompts government clampdown on credit

Chinese developers are flocking to the offshore bond ­market, one of the few fundraising channels available amid a ­government clampdown on credit, as prices for land at tender rise sharply.Developers have issued ­overseas bonds worth more than US$4 billion in the first 10 days of July. That compares with a total of US$3.5 billion in bonds issued in June, according to financial data provider Wind Information.Logan Property Holdings, which paid a record price for a plot in Shenzhen on June 24,… Source link

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Are investors placing too much hope in the Fed? As US-China trade war lingers, analysts see fewer rate cuts than markets

As uncertainties over the US-China trade war continue to weigh on sentiment, investors are increasingly looking to the US Federal Reserve to cut rates and provide a boost to what has been an extended economic cycle.Investment strategists and economists, however, said financial markets may be a bit too optimistic about where the central bank is headed – and that could be bad for emerging markets.The financial markets are expecting as many as three interest rate cuts – or about 75 basis points –… Source link

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Stocks Blog: Markets feeling weight of US-China trade war, interest rate uncertainty

Good day, traders — US and Chinese trade negotiators made their first phone call since the high-stakes meeting between presidents Donald Trump and Xi Jinping last month in Japan, Bloomberg reports. That discussion was “constructive,” White House economic adviser Larry Kudlow said. The trade war continues to weigh on markets. Traders are also waiting for signals from Federal Reserve chairman Jerome Powell this week about the likelihood of rate cuts. And concerns linger on the mainland about… Source link

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Vietnam 

Vietnamese brands sail into global markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A NutiFood’s plant in Bình Dương Province. The company is becoming a major foreign investor like many other Vietnamese companies. — Photo courtesy of NutiFood HCM CITY — Vietnamese businesses are further participating in the global value chain and reaching out to the world market. According to experts, State-owned enterprises used to invest mainly in neighbouring markets such as Laos and Cambodia, but things have changed now. Many investments now are made by private enterprises and span many fields from technology and agriculture to banking and finance, they said.…

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Stocks Blog: Markets brace for more turmoil from rate cut prospects and more IPO supply

Good day traders — A lot of attention right now is on “later” — whether that’s on the coming tech board in Shanghai on July 22 and its potential impact on share prices in the broader Chinese markets, or testimony Wednesday and Thursday this week in Washington by Federal Reserve Chairman Jerome Powell that might give hints about whether a rate cut may be coming. But the “later” focus is being felt in markets now.  We’ve got you covered on all the plays today in the China and Hong Kong markets……

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China 

Swine fever in China among risks to food markets, warn UN food agency and OECD

The spread of a deadly pig disease in China that has disrupted the world’s biggest pork market is one of the major risks to a well-supplied global agricultural sector, the United Nations’ Food and Agriculture Organisation and the Organisation for Economic Cooperation and Development said on Monday.African swine fever was highlighted in the FAO and OECD’s annual agricultural outlook for 2019-2028, which forecast broadly stable agricultural markets in the coming decade as productivity gains help… Source link

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