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China’s rare earth stocks are investors’ new hedge against trade war as Beijing rolls out countermeasures against Trump

In a twist, traders have found a hot new bet in China’s stock market that has churned out jaw-dropping gains specifically because of deteriorating US-China relations: rare earths.While the benchmark gauge Shanghai Composite Index has remained in the doldrums over the past month amid the trade stand-off between Beijing and Washington, China Minmetals Rare Earth, China Northern Rare Earth (Group) High-Tech and other major producers of the elements have shot up at least 34 per cent, making them… Source link

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Chinese stocks cap worst performance this week on growth fears, flood of tech IPOs

China’s stocks dropped by the most this week as concerns mounted that a recovery in growth will falter and supply of new shares will accelerate after a ceremonial launch of a new board to host technology companies.The Shanghai Composite Index fell 1 per cent to 2,881.97 on Friday, trimming the week’s gain to 1.9 per cent. Hong Kong’s Hang Seng Index fell 0.7 per cent to 27,118.35 for a third straight day of losses, as one of the top advisers to the city’s leader suggested lawmakers will delay a… Source…

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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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Chinese stocks post biggest gain in month on fiscal stimulus to shore up growth

China’s stocks climbed the most in a month on signs policymakers were ramping up fiscal tools to hold in check a decline in growth just before the release of key economic data.The Shanghai Composite Index rallied 2.6 per cent, or 73.59 points, to 2,925.72 on Tuesday, its biggest gain since May 10. Hong Kong’s Hang Seng Index rose 0.8 per cent to 27,789.34.Signs have been mounting that Beijing has been stepping up efforts to arrest a deceleration in economic growth. The finance ministry said on… Source link

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Stocks Blog: Traders face fresh tough tariff threat from Trump

Good morning, traders. Overnight, “Tariff Man” Donald Trump had a lot to say about … you guessed it — tariffs. The US president said his Chinese counterpart– whom he lavish praise on — better show up to talk at the G20 meeting later this month in Japan or he will go through with his latest batch of tariffs on Chinese goods immediately. He said China will make a deal because “they’re going to have to.” We will be watching markets closely for you. Please send any questions you have for…

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Hong Kong stocks climb most in six months on upbeat China export data; Macau casino operators hit a daily hot streak

Hong Kong and mainland stocks rose on Monday, with the city’s benchmark posting its biggest gain in six months, after official data showed China exports topped estimates.The Hang Seng Index rallied 2.3 per cent to 27,578.64 for its biggest gain since December 3. China’s Shanghai Composite Index added 0.9 per cent to 2,852.13, closing higher for the first time in seven days. Both markets were shut on Friday for a public holiday.Investors got a respite from a report released by the customs office… Source link

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VN stocks forecast to move forward – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Investors at Bảo Việt Securities Co (BVSC). The Vietnamese stock market is forecast to progress this week following good news from US and Chinese leaders. — VNA/VNS Photo Trần Việt HÀ NỘI — Securities companies are betting Vietnamese shares may expand growth this week as the domestic market could benefit from positive macro-economic signals. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.06 per cent on Friday – the strongest rise in two weeks – to end last week at 958.28 points. Friday’s strong increase…

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