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Month: May 2023

Posted on 04/05/2023

SMM Evening Comments (May 4): Shanghai Nonferrous Metals Closed Mostly with Gains as US Fed Signalled a Rate Hike Pause

Shanghai nonferrous metals closed mostly with gains in day trading. On the macro front, the banking meltdown struck the US again, and the First Republic Bank collapsed during the Labour Day holiday. ( read original story ...)

Posted on 04/05/2023

China’s Top Financial Data Provider Restricts Offshore Access Due to New Rules-Sources

Headquartered in Shanghai's financial district Lujiazui, Wind has expanded its footprint outside China to places including Hong Kong, Singapore, New York and London, and competes with Refinitiv and ... ( read original story ...)

Posted on 04/05/2023

Shanghai, Hong Kong stocks rise, led by financials; Shenzhen shares down

Shanghai and Hong Kong stocks rose on Thursday, led by gains in financials and state-owned enterprises after the May Day holiday, while shares traded in Shenzhen were down. ** China’s blue-chip CSI300 ... ( read original story ...)

Posted on 04/05/2023

Shanghai on track to incentivize investments in semicondutor, AI sectors

The Shanghai Municipal Government has just announced a set of policy measures to strengthen the development of modernized industrial systems, offering subsidies to encourage more companies to invest ... ( read original story ...)

Posted on 04/05/2023

Stock market today: Asian markets higher after US rate hike

Asian stock markets were mostly higher Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn't sure what may come next. Shanghai and Hong Kong ... ( read original story ...)

Posted on 04/05/2023

Shanghai, Hong Kong stocks rise, led by financial shares; Shenzhen stocks down

SHANGHAI: Shanghai and Hong Kong stocks rose on Thursday, led by gains in financials and state-owned enterprise after the May Day holiday, while shared traded in Shenzhen were down. ** China’s ... ( read original story ...)

Posted on 04/05/2023

Live news: Temu owner PDD moves headquarters to Dublin from Shanghai

Asian equities were mixed on Thursday after Federal Reserve chair Jay Powell pushed back against the suggestion that the US central bank might begin cutting interest rates to cushion the blow from ... ( read original story ...)

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