An exchange-traded fund (ETF) that owns gold companies has become the latest target of frenzied trading in China as investors pile into corners of the market seen as resilient to the country’s economic challenges.Trading for the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF was halted...
Hong Kong stocks dropped, joining a broader retreat in Asian markets, after hawkish comments from a Federal Reserve official tempered bets for an interest-rate cut as early as June this year.The Hang Seng Index weakened 1.1 per cent to 16,544.39 at 10.20am local time, reversing...
Ray Dalio, the billionaire founder of world’s largest hedge fund, Bridgewater Associates, said now is the time to invest in beaten-down Chinese stocks as Beijing works to shore up the economy.“The time to buy is when everyone hates the market and it’s cheap, which is...
This partly explains why the government has stepped up support for the crisis-ridden housing market. Beijing has intensified pressure on banks to assist vulnerable developers, cut mortgage rates to stimulate demand and provided low-cost financing to the urban village renovation and affordable housing programmes.It also...
The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he added.“We are diversifying our sources for new listed companies, as well as the sources for...
Major Wall Street indices surged to fresh records on Wednesday after the Federal Reserve reaffirmed plans for interest rate cuts in the coming months, cheering investors who had feared a retreat.The US central bank as expected opted to keep interest rates unchanged for a fifth...
Fund manager Fidelity International (FIL) is planning to lay off 20 people at its main China unit, two sources familiar with the matter said, a reduction that coincides with a downturn in China’s markets and as the firm cuts staff worldwide.The cuts at FIL’s wholly...
Even allowing for the long-standing tendency towards excess on the part of stock investors – which has all too often resulted in boom-and-bust cycles – the apparent inability of markets to see more than one step ahead is alarming. The latest manifestation of this is...
We should be asking much deeper questions now than simply about whether and when another stock market bubble burst might come. We should be re-examining the role of private and public sectors in allocating financial resources to the global economy. Failure to do this could...
Chinese stocks look poised for a strong open when onshore traders return from the Lunar New Year break, with buoyant travel and tourism data seen bringing much-needed relief to one of the world’s worst-performing major markets.With trading in mainland China shut February 9 through 16,...