Chinese stocks led the way, with the Shanghai Composite Index falling 1.1% and Hong Kong ... But India, Asia’s third-largest economy, is an outlier. There, a resilient stock market makes it hard to recognize the threat of a trade war. ( read original story ...)
Chinese-Norwegian financial cooperation seminar held in Shanghai
Financial experts, government officials and entrepreneurs from both China and Norway attended a seminar in Shanghai on Wednesday to further strengthen financial cooperation between the two countries. The seminar was organized by the Norwegian Consulate ... ( read original story ...)
Shanghai Pudong Development Bank Issued More Than 9 Million New Credit Cards Last Year Using FICO Originations
Since January SPDB Credit Card Center’s total number of successful credit card applications using FICO originations has exceeded 9 million. Origination rate increased more than two fold to 88 percent of applications. SPDB has won the 2017 FICO Decisions ... ( read original story ...)
Shanghai Stocks Slide Into Bear Market, Piling On the Gloom in China
SHANGHAI—China’s main stock benchmark has entered a bear market, the latest gloomy sign for the country alongside escalating trade tensions with the U.S., a tumbling currency and recent data that suggest its growth is softening. The Shanghai Composite ... ( read original story ...)
‘Fundamentals are very bad’: China slumps into a bear market, and it could get worse
A deepening sense of unease is rippling through China's financial markets. The benchmark Shanghai stock index has tumbled 20 per cent in just five months to enter a bear market. The yuan is heading for its longest losing streak in four years in Hong Kong. ( read original story ...)
Market Studies For Wednesday, June 27: Amazon, Financial Stocks, China, GE
This tells you nothing about the financial sector’s medium term or long term. This is only applicable for the short term. The Chinese stock market (Shanghai Index) is getting crushed thanks to Trump’s trade war threats. The Chinese stock market has ... ( read original story ...)
China’s Yuan Pares Loss at Key Level as Local Bank Seen Buying
The yuan trimmed declines of as much as 0.6 percent to trade 0.2 percent lower at 6.5924 at 1:55 p.m. in Shanghai. At least one major Chinese bank sold the dollar in the onshore market to keep the yuan stronger than 6.6, according to two traders. ( read original story ...)