Shangahi Ikea store saw panicked shoppers rushing for the exits after city health authorities on Saturday ordered the store to shutter down with shopper ... ( read original story ...)
China Stock Market Expected To Halt Losing Streak
The China stock market has finished lower in two straight sessions, although it has given up just 5 points or 0.2 percent in that span. The Shanghai Composite Index now rests just above the ... ( read original story ...)
Shoppers rush for the exits as Shanghai Ikea goes into lockdown
Panicked shoppers rushed for the exits at an Ikea branch in Shanghai on Saturday after city health authorities ordered the store to lock down after a close contact of a Covid-19 case was traced to the ... ( read original story ...)
China unexpectedly cuts 2 key rates, withdraws cash from banking system
SHANGHAI (Reuters) -China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to ... ( read original story ...)
Chinese stocks’ post-Shanghai lockdown rally fizzles out as zero-Covid policy and beleaguered property market bite
The CSI 300 Index of the biggest stocks on China's onshore market has lost almost half of the gains that followed the reopening of Shanghai Covid-19 flare-ups and a property market that is in downturn ... ( read original story ...)
The Reserve Bank’s growing China anxiety
The Reserve Bank is keeping an anxious watch on China’s embattled real estate sector, amid fears that construction activity could plummet, as developers’ funding dries up. ( read original story ...)
Sinopec Shanghai Petrochemical (NYSE:SHI) Sets New 52-Week Low at $15.42
Shares of Sinopec Shanghai Petrochemical Company Limited (NYSE:SHI – Get Rating) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $15.42 and last traded at $15.66, ... ( read original story ...)