It was a rough day for U.S. investors in China stocks. (Photo by Noam Galai/Getty Images) Getty Images Shares in many of China’s best-known companies plunged on the Nasdaq and New York Stock Exchange ...
Tag: lockdowns
These charts show state of supply chain as China eases Covid lockdowns
Zoom In IconArrows pointing outwards The CNBC Supply Chain Heat Map for China, which is gradually easing Covid lockdowns, is showing several hot spots slowing down trade flow in recent days. ChinaR...
China Tourist Trips, Revenue Fell During Dragon Boat Festival
Children wearing face masks ride on a cart at a public park on the first day of the Dragon Boat … [+] Festival holiday in Beijing, Friday, June 3, 2022, as China’s capital has begun to reo...
Taiwan Covid Deaths Hit Daily Record Of 152; Property Transactions Fall
People wear face masks to protect against the spread of the coronavirus in Taipei earlier this year. … [+] (AP Photo/Chiang Ying-ying) ASSOCIATED PRESS Taiwan, home to many of the world’s larges...
Mainland China Outperforms, Meituan Earnings Highlight Strong Growth Despite Lockdowns
China Last Night KraneShares Asian equities were mixed but mostly lower overnight though Mainland China was an outlier to the upside. Real estate and energy were bright spots in both Hong Kong and Mai...
China Stocks And Shanghai Dwellers Enjoy Big Day As Stringent Lockdowns Ease
Residents gather to celebrate the lifting of a Covid-19 lockdown after midnight on June 1 in … [+] Shanghai. Shanghai authorities say they will take major steps Wednesday toward reopening China&...
China’s Covid Policy Is Costing It Foreign Investors’ Confidence
American companies such as Tesla have had their China operations disrupted by Covid lockdowns in … [+] Shanghai in the past several weeks. (Photo by Xiaolu Chu/Getty Images) Getty Images Shangha...
Xpeng Earnings: XPEV Stock On Deck As China Lockdowns Threaten EV Boom
Xpeng (XPEV) prepares to report Monday for the first quarter, with Nio (NIO) on deck, after Li Auto (Li) gave weak revenue and delivery guidance. X All three Chinese EV startups aspire to shake Tesla&...
China Covid Lockdowns Threaten To Fuel U.S. Inflation As Economic Pessimism Grows
Topline As rising cases in Shanghai threaten further lockdowns in the region, experts are warning China’s pandemic crackdown measures this spring could be the latest headwind for the U.S. econom...
Xiaomi Posts 1st Quarter Loss As Covid, Parts Shortage Hurt Smartphone Sales
A shopper walks past a Xiaomi store in Shanghai last year. Retail business this year has been hurt … [+] by Covid lockdowns. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Xiaomi...
No Surprise In April Data As Lockdowns Weigh On Economic Activity
Key News Asian equities were largely higher following the US market’s rip higher on Friday though China was off and several markets were closed for Vesak Day, one of the most sacred days for Buddhists...
Covid lockdowns weigh on retail, industrial production data
The persistent spread of Covid and resulting stay-home orders — primarily in Shanghai — forced factories to close or operate at limited capacity in April. Pictured here on May 12 is a refrigerator fac...
Covid-Hit Shanghai To Allow Gradual Reopening Of Malls And Markets, Xinhua Says
Members of a disinfection crew ride bicycles down a street in Shanghai, China on Saturday, May 7. … [+] Source: Bloomberg © 2022 Bloomberg Finance LP Shanghai will gradually allow shopping malls...
“Gigantic” Impact From China Lockdowns To Hit Auto Industry Globally: Automobility’s Bill Russo
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in 2020, … [+] underscoring the country’s importance to the U.S. automaker. (Photo by STR / AFP) / China ...
Coach owner Tapestry cuts profit outlook as China lockdowns dent demand
Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China. VCG | Visual China Group | Getty Images Coach owner Tapestry on Thursday trimmed...
Why Would Anyone Invest In China Right Now?
Shanghai: in lockdown for over a month. (Photo by STR / AFP) / China OUT (Photo by STR/AFP via Getty … [+] Images) AFP via Getty Images You might not want to hold the Direxion 3x China Bear (YAN...
China may chalk up more debt as lockdowns hit the economy
Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have ...
Erratic Bond Yields, Lockdowns, and War — 3 Reasons Why Economic Recovery Won’t Happen Quickly – Economics Bitcoin News
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% f...
China SUV Leader Great Wall Motor Reports 41% Plunge In April Sales Amid Lockdowns
Wei Jianjun, chairman of Great Wall Motor Co., attends a news conference in 2019. Great Wall, … [+] Photographer: Paul Yeung/Bloomberg © 2019 Bloomberg Finance LP April sales at Great Wall Motor...
Oil Prices Slip as Saudi Arabia Cuts Prices and China Lockdowns Intensify
Text size Oil prices slip Monday but are still elevated. Pichit Boonhuad/Dreamstime.com Oil prices declined Monday after Saudi Arabia, the biggest exporter, reduced prices for Asia and the northwest o...
Saudis Cut Oil Prices from Record Highs Amid China Lockdowns
(Bloomberg) — Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Most ...
U.S. Trade Soaring Because Of, Not Despite, Covid Lockdowns, Supply Chain Woes
U.S. Census Bureau data released Wednesday showed U.S. trade up more than 20% over the first quarter … [+] of 2021. (All totals in $U.S. trillions.) ustradenumbers.com U.S. trade increased a run...
Lockdowns and supply chain disruption to accelerate Apple’s move away from China, with India a likely beneficiary, analysts say
Apple’s value chain in China, an emblem of the country’s global role as a source of labour and assembly, has been hit hard by strict lockdowns in Shanghai and neighbouring provinces, raisi...
Nio Stock, Tesla’s China Rivals To Report EV Sales After Covid Lockdowns
Nio stock is due to report April EV deliveries on Sunday after Nio (NIO) briefly halted production due to Covid lockdowns in China. X Xpeng (XPEV) and Li Auto (LI) also report China EV sales on Sunday...
Alibaba, Baidu Estimates Slashed on Covid Lockdowns
(Bloomberg) — China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy. Most Read from Bloo...
China Leads 11% Drop In Global Smartphone Shipments; Lockdowns Cast A Shadow Over 2nd Quarter
Healthy iPhone 13 sales helped Apple increase its overall smartphone deliveries in the first … [+] quarter, Canalys said today. Photographer: SeongJoon Cho/Bloomberg © 2022 Bloomberg Finance LP ...
American Lawyer Quarantined For 37 Days In China Describes “Chaotic” Environment
James Zimmerman is a partner at Perkins Coie in Beijing. James Zimmerman American lawyer James Zimmerman, a partner at Perkins Coie in Beijing, has worked in China for 24 years, and thought he was wel...
Experts say China’s lockdowns will make inflation and the supply chain nightmare even worse
China’s strict COVID-19 lockdowns will exacerbate global supply chain woes and add to inflation in the coming months, experts say. President Xi Jinping’s zero-COVID policy is being tested as the count...
Shanghai reports first Covid deaths since start of latest lockdowns
Shanghai, China’s largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that’s set to end Thursday, April 21. Str | Afp | Getty I...
Shanghai by the numbers: China’s Covid lockdowns
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wa...