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Stocks Blog: Traders on edge ahead of G20 meeting with Donald Trump and Xi Jinping

Good day, traders: So, the countdown continues to the high-stakes Xi-Trump chat about trade and tech in Japan. The G20 summit of leaders of the world’s top economies gets under way Friday, and the US and Chinese presidents are expected to meet on the sidelines. Traders are on edge, but there still have been plenty of money-making — and losing — plays.  We will keep you up on what’s driving mainland and Hong Kong markets. Always happy to hear from you at deb.price@scmp.com as we try to make… 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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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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Traders pig out on China pork stocks as deadly African swine fever roils world’s biggest pig market

Traders in China pork-breeding stocks have been feeling mighty piggy, fattening up their portfolios amid an outbreak of deadly African swine fever.Shares of Muyuan Foodstuff and Jiangxi Zhengbang Technology have shot up to record levels, at least doubling over the past year.Traders are betting the pig disease that has rapidly swept through China will continue to disrupt supply and keep boosting the share prices of breeders.Brokerages from Shenwan Hongyuan Group to Citic Securities predict pork… Source link

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Stocks Blog: Will China, Hong Kong traders keep pulling back on rallies over trade war fears?

Good day, traders —  China plans to release 5G licenses to its major carriers today — China Mobile (788 HK), China Telecom (728 HK) and China Unicom (762 HK) — reports the nationalist Global Times. China’s automobile group is asking for stimulus to boost car sales. The trade war continues to weigh on trading sentiment. China has ratcheted up its response to the US’ plan to slap tariffs on the last batch of Chinese imports. Beijing has put the spotlight on its dominance over rare earths. And… Source link

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Shanghai extends losses for fifth day while Hong Kong finishes ahead, as traders battle nerves amid trade tensions

The Shanghai benchmark extended losses for the fifth trading day, while Hong Kong posted gains, as traders felt torn between positive news that the US Federal Reserve is open to a rate cut and gloom from ongoing trade uncertainties.The Shanghai Composite closed down 0.03 per cent to 2,861.42 on Wednesday, falling at the end after opening up 0.91 per cent. The CSI 300 benchmark of large caps on Shanghai and Shenzhen stock markets continued Tuesday’s losses to end down 0.038 per cent to 3,597.11… Source link

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Shanghai, Hong Kong stocks slip as traders await any signs of progress in edgy US-China relations

It wasn’t a pretty first trading day of June.Shanghai markets fell for the third straight day, while Hong Kong slipped for fourth consecutive session, as traders awaited any news of progress in US-China trade relations.That gloomy start to June came after a painful May, when the Shanghai Composite posted its second straight month of losses and Hong Kong’s Hang Seng Index recorded its first monthly loss of the year.“It is politics, not just economics. It is difficult to anticipate what is next,”… Source link

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Stocks Blog: Traders start fresh month as China blasts US as 'solely to blame' for breakdown in trade talks

Good morning, traders. Well, it’s the first trading day of June, after the wretched performance of Hong Kong and mainland markets in May. The first day starts amid strong pushback from China against the US on trade, saying the world’s largest economy is ‘solely to blame’ for the breakdown in talks.   “It is regretful and worrisome to see how the US has changed,” the nationalist Global Times wrote in an editorial Sunday. “… (I)t is extremely urgent and vital to calm it down and sober it up… Source link

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Stocks Blog: China, Hong Kong traders hit by latest gloomy trade comment by Trump

Lots to digest this morning, traders. The finger-pointing between the US and China over who screwed up a trade deal that once looked near done continues. The latest from US President Donald Trump: “We’re not ready to make a deal.”  Meanwhile, e-commerce giant Alibaba, traded in the US, is looking at a secondary listing in Hong Kong to raise US$20 billion, Bloomberg reports. The exchange had no comment when approached by SCMP reporter Enoch Yiu. We’ll keep you up on all the action in mainland… Source link

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Stocks Blog: Mainland, Hong Kong traders search for bargains in stocks battered by trade war

Welcome to a fresh week, traders. It’s been a tough few weeks, what with US President Donald Trump adding tech on the tariff bonfire. China begins slapping duties on US$60 billion worth of US products on June 1 — including rare earths. We’ll be watching related stocks, which shot up last week. We’ll tell you the top action throughout the day. So come back regularly to catch up  with us.  And send questions and feedback to deb.price@scmp.com as we try to beef up our stocks coverage for you… Source link

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