China’s Shanghai Composite Index (SHCOMP ... closed down 2.39% and hit a 52-week low of 17.15. Pre-Market U.S. Stock Movers Canoo Inc (GOEV) climbed over +12% in pre-market trading after the company's ... ( read original story ...)
China Central Bank Boosts Stimulus to Aid Covid-Hit Economy
China’s central bank cut the amount of cash lenders must hold in reserve for the second time this year, ramping up support for an economy racked by surging Covid cases and a continued property ... ( read original story ...)
Exclusive: China central bank to offer cheap loans to support developers’ bonds-sources
China's central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet ... ( read original story ...)
Postal Savings Bank of China to provide $39 billion of property sector financing
Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/File Photo ... ( read original story ...)
Pang Pang Xiang aims for IPO, hoping for better result than MissFresh, Dingdong
The company hopes to reverse the fortune of other China-based food-delivery companies, including Missfresh and Dingdong Maicai, which have seen their valuations plummet after going public. It remains ... ( read original story ...)
Pre-Market Brief: Stocks Climb Ahead of FOMC Meeting Minutes
stronger than expectations of 48.0. Asian stock markets today settled in the green, tracking a recovery in Wall Street. China’s Shanghai Composite Index (SHCOMP) closed up +0.26%, while the Japanese ... ( read original story ...)
India gains as China lags in MSCI Emerging Market Index, will the trend continue?
India's weight has doubled in the global index in the last two years on market outperformance while China has dropped. Experts see the trend continuing but say high valuations may be a bump ... ( read original story ...)