SectionChina stocks fall amid economic pressures and new COVID-19 cases, SHANGHAI: Chinese stocks closed at a three-month high on Wednesday after weakening market sentiment following Premier Li Keqiang’s warning of pressure on the world’s second-largest economy and new domestic cases of Covid-19. The CSI300 Blue Chip Index fell 0.39 percent to 4,821.11 and the Shanghai Composite Index fell 0.2 percent to 3,498.54. The Shenzhen Broad Index fell 0.06 percent on the day, while the China Composite Index fell 0.38 percent. State media reported Tuesday night that Premier Li said China’s economy faces further downward pressure, but authorities will try to keep economic activity within reasonable limits and support China’s industrial sector. However, shares in institutional sources such as coal markets fell on Wednesday as coal fell 4.2 percent. Despite comments from Chinese regulators that coal prices are “approaching a reasonable return,” some market analysts said coal was showing lower spot and coal futures prices. The National Health Commission confirmed 93 local symptomatic cases on Wednesday, November 2, making it 53 days and the last days since August 9, when the last major outbreak in China peaked. Market analysts and traders said investors are awaiting the outcome of the US Federal Reserve’s monetary policy meeting, which is scheduled to take place later today.
Hong Kong stocks lead losses as China’s Covid cases rise. Asian markets are diverse
Asia-Pacific stocks were mixed on Tuesday as investors weighed the risks and the rising number of confirmed COVID-19 cases in China. At a press conference this afternoon, the government repeatedly stressed its policy to prevent the spread of COVID-19.
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Hong Kong Hong Kong Index After falling 1.16% in the last hour of trading, the Seng Seng Technology Index fell 3.15% as the number of Covid-19 cases in China continued to rise. In mainland China, Shanghai Composite Shenzhen shares rose 0.13% to 3,088.94. It fell 1.18% to 11,002.93.
Korea fell 0.59% to 2,405.27, Japan’s Nikkei 225 fell.
The Topix index closed at 28,115.74, 0.61% more, and at 1,994.75, 1.12% more. The S&P/ASX 200 index increased 0.59% to 7,181.30 in Australia.
The MSCI Asia-Pacific index of non-Japanese stocks fell 0.33%.
On Monday, Chinese banks announced they were putting pressure on the economy to increase support, especially for industries hardest hit by the coronavirus. Separately, local media in China, citing Reuters, said the Department of State Security needed to improve the “quality” characteristics of the building.
Baidu and kawaii We will post the results later on Tuesday. US stocks fell slightly overnight after a volatile session.
According to Hyman Capital, investing in Chinese companies with US listings is like playing “fantasy football.”
As US regulators continue to monitor Chinese teams, one asset manager has said that investing in Chinese teams in the US is like playing “fantasy football.”
Kyle Bass, founder, and chief executive of Hayman Capital Management, said in a recent report that the US Public Company Accounting Oversight Board had “good access” to verify the additional information requested. Yes, he reiterated the financial risk to US investors in publicly traded Chinese companies…
Asked what would happen to Chinese shares in the United States, he told CNBC’s Street Signs of Asia: “They have no voting rights or rights to the Cayman Islands subsidiaries related to the lost assets.” Losing this event has been unattainable since the “Estate” era.
Overseas-listed Chinese companies such as Alibaba and JD.com have different structures and want to hire institutions to circumvent China’s restrictions on foreign investment and give most investors an option on US stocks.
US-listed companies have companies registered outside of the US and China that typically do not hold shares in China-based companies.
Investors are engaging in fantasy football with Chinese businesses, he claimed, because these businesses are insolvent.
Until then I am struggling with nerves and customer service of customers. cut
BEIJING, Dec 30 (Reuters) – Consumer goods and technology investment sentiment on Thursday lifted Chinese sentiment after the government promised to focus on stimulating consumption and cutting taxes.
**Shanghai Composite (.SSEC) rose 0.82% to 3,626.58 at noon, while CSI300 (.CSI300) rose 1.03%.
**On Wednesday, China’s Ministry of Commerce plans to maintain austerity to improve consumption and attract more foreign investment in 2022.
This was reported to state media at a ministerial meeting hosted by Li Keqiang.
**These measures are expected to save RMB 110 billion (USD 17.27 billion) annually. read more
**Random Consumer Goods (.CSICS) was up 0.9% versus the previous day’s losses, while Mainstream (.CSI399997) was up 1.33%.
**Forecasters expect increased alcohol, food, and beverage sales during the Lunar New Year and Lunar New Year holidays, benefiting interested parties.
**Among other sector gains, information technology (.CSIINT) rose 2%, media subindex (.CSI3999971) rose almost 5% and semiconductor industry (.CSIH30184) rose 2.8%.
**Hong Kong-listed China Houston (.HSCE) rose 0.13% to 8,109.6, while Seng Seng (.HSI) rose 0.21% to 23,134.88.
Sensex erases 850 pips intraday gain and closes red, SBI falls 5%
Asian stocks rose sharply on Friday after a weak trading session on Wall Street as investors softened US policy to combat rising inflation. Global markets remain volatile throughout most of 2022 due to China’s Covid-19 lockdown, Russia’s invasion of Ukraine, and rising consumer confidence.
Will bulls push Nifty towards 18500 or will bears push the index below 18100? Basics to know before opening the market
SGX Nifty notes that India’s core BSE Sensex and NSE Nifty 50 will start slow in mixed signals. Earlier in the session, Nifty futures were trading 23.5 points, or 0.13% lower, on the Singapore Exchange at 18,231.50, indicating that Dalal Street was off to a negative start.”Nifty has been trading in the 18,100+ area for the past seven months or so, and it will remain there, but we can’t rule out a breakout. In addition, volatility in the MPC special meeting will remain high due to the exodus from the US. Federal Reserve meeting and upcoming events. Participants will take a “buy low” approach. This move should continue across all sectors involved,” said Ajit Mishra, Head of Broker Research at Religare.