(Bloomberg) — Bets on China’s reopening again added fuel to the nation’s assets on Tuesday, as investors parsed the latest commentary for signs of further loosening of Covid restrictions. Most R...
Tag: China
Oil Climbs as China Boosts Vaccinations, Investors Look to OPEC+
(Bloomberg) — Oil rose as China refined its approach for dealing with Covid-19 after widespread protests against strict curbs, and investors looked ahead to an OPEC+ meeting that may see a suppl...
Global Stocks Rise as China Rebounds; Dollar Falls: Markets Wrap
(Bloomberg) — A gauge of global equities advanced, led by a rebound in Chinese stocks as nationwide unrest over Covid curbs eased. The dollar and Treasuries fell amid improved sentiment for risk...
China’s Covid infections drop for the first time in more than a week
Covid control workers disinfect an area in Beijing on Monday, Nov. 28, 2022, where a day earlier locals had gathered to protest stringent Covid measures. Kevin Frayer | Getty Images News | Getty Image...
U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets
U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue...
Apple to Produce 6M Fewer iPhone Pros Following Prevalent Staff Unrest in China
According to reports, Apple will lose 6 million iPhone Pros in production as a result of Covid-related turmoil in China. Apple (NASDAQ: AAPL) stands to suffer a production shortfall of 6 million iPhon...
China EV ‘honeymoon’ is ending, Jefferies says; XPeng stock downgraded
The “honeymoon stage” for electric vehicles in China is coming to an end, analysts at Jefferies said in a note Monday, highlighting EV makers BYD Auto Co. Ltd. and Li Auto Inc. as their top picks and ...
Protests against Covid controls erupt across China
BEIJING — Rare protests broke out across China over the weekend as groups of people vented their frustration over the zero-Covid policy. The unrest came as infections surged, prompting more local Covi...
Amid Civil Unrest in China, Gold and Silver Prices Hold Steady — Equity, Crypto Markets Flounder – Market Updates Bitcoin News
Reports on Monday detail that the zero-Covid policy protests in China have lowered market sentiment as U.S. equity markets show the top four Wall Street indexes are struggling. The global crypto marke...
China might not make major changes to its Covid policy any time soon
A couple pass necessities over a Covid lockdown barrier in Guangzhou city on Nov. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China won’t likely make major changes t...
China Reopening Plays Rise As Pinduoduo Beats In Q3 Financial Results
China Last Night KraneShares Key News Asian equities were largely lower though off their intra-day lows, except for India and the Philippines, which managed small gains while Malaysia was closed for a...
XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.
Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eigh...
Gene Munster doesn’t see China shutdowns as a threat for Apple Inc
Apple Inc (NASDAQ: AAPL) is trading down on Monday as investors scramble to evaluate the impact of recent protests at its key iPhone production plant in China. Gene Munster doesn’t see it as a threat ...
Bitcoin, ether track traditional markets lower amid China Covid restrictions, unrest
Bitcoin and ether slipped more than 2% at 8:30 a.m. ET, tracking traditional markets lower, spooked by unrest in China over protests against Covid-19 restrictions. Bitcoin was lower but trading ...
HSBC share price retreats amid China woes: is it a buy?
The HSBC (LON: HSBA) share price has been in a slow recovery mode in the past few weeks. It rose to a high of 493p last week, up from the year-to-date low of 435p. The stock remains about 12% below th...
Apple Reportedly Faces Shortfall Of 6 Million iPhones Amid China Factory Protests
Topline Apple may fall short of its production target for its flagship iPhone 14 Pro models by nearly 6 million units worldwide, Bloomberg reported Monday, after workers at the world’s largest i...
China Skincare Billionaire’s Giant Biogene Raises $10 Million In IPO Over-Allotment
Giant Biotech began trading at the Hong Kong Stock Exchange on Nov. 4. Photographer: Paul … [+] Yeung/Bloomberg © 2022 Bloomberg Finance LP Giant Biogene Holding, a China skincare products suppl...
China Unrests Spooks Crypto Market With BTC Falling 3%
Massive protests have erupted across China and spreading like wildfire amid the country’s strict COVID-19 restrictions. The events at Foxconn’s iPhone factory last week have triggered further reaction...
Shanghai Foreign Correspondents Group “Very Concerned” After BBC Journalist Detained By Police
Police officers stand guard during a protest in Shanghai, China, on Sunday, Nov. 27, 2022. Protests … [+] against Covid restrictions spread across China on Sunday as citizens took to the streets...
Oil Edges Lower With China Unrest Rippling Through World Markets
(Bloomberg) — Oil edged lower as unrest in China hurt risk appetite and the demand outlook, adding to stresses in an already-fragile global crude market. Most Read from Bloomberg West Texas Inte...
Global Trade Will Never Look The Same
Amer. & Chinese flags table decorations during US/China ceremony renewing 1989 MOA Memo of Agreement … [+] re Intl. Trade in Commercial Launch Services. (Photo by Forrest Anderson/Getty Imag...
Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood
(Bloomberg) — Protests against China’s Covid curbs may cast a shadow on the nation’s assets and broader risk sentiment in global markets as trading resumes after the weekend. Most Read from Bloo...
Protests Breakout In Shanghai, Beijing And Other Cities Over China’s Rigid Zero Covid Policy
Topline Thousands of people took to the streets in parts of Shanghai, Beijing and other cities in China on Sunday to protest the country’s harsh zero-Covid policy—which includes stringent lockdowns an...
Taiwan Ruling Party Drubbed In Local Vote; Ex-Exec At Tech Billionaire Terry Gou’s Foxconn Elected Chip-Hub Mayor
Taiwan President Tsai Ing-wen announces her resignation as party chairwoman of Democratic … [+] Progressive Party in Taipei, Taiwan, Saturday, Nov. 26, 2022. Voters in Taiwan overwhelmingly chos...
Tesla Stock Drops After Glitches Announced In 80,000 China Vehicles
Tesla (TSLA) will be running fixes on around 80,000 vehicles in China to deal with possible battery and seat-belt related issues, the country’s market regulator announced Friday. Tesla stock edg...
The West is rebuilding its rare earths supply chain—but China still looms large
Bit by bit, Western companies and governments are reassembling their rare earths supply chain, trying to reverse decades of the hollowing out, outsourcing, and offshoring of the critical industry to C...
U.S. Companies In China Worried Covid Surge Will Damage Prospects After Upbeat G20 Meeting
American Chamber of Commerce in Shanghai Chairman Sean Stein Sean Stein U.S. companies in China are worried that a surge in Covid cases in the country will hurt consumer and investment spending right ...
Apple’s iPhone Issues Could Hit Revenue. Why Analysts Say Not to Worry.
Apple is facing delivery problems for some iPhones as issues at a critical factory in China continue. But analysts are playing down the potential long-term impact on the company. Apple (ticker: AAPL) ...
Dow Jones Dives Nearly 500 Points On China Covid Protests, Fed Official Comments
Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold off nearly 500 points Monday. Investors will soon shift their attention to Fed Chair Jerome Powe...