The city reported one locally transmitted confirmed case, 11 local asymptomatic infections, two imported confirmed cases and 22 imported asymptomatic infections for Sunday, said the Shanghai Health ... ( read original story ...)
China Stock Markets Down Following Xi Jinping’s Power Play
China's stock market dropped on Monday after Xi Jinping was confirmed as the country's leader for a third consecutive five-year term, breaking with the Communist Party's traditional two-term limit. As ... ( read original story ...)
Alibaba, Tencent plunge as Hang Seng sinks below 16,000-mark after China’s leadership reshuffle leaves no market reformists on board
The Hang Seng Index slumps to another new low as investors see more risks from China’s leadership reshuffle over the weekend. Tech and property stocks bear the brunt of selling. ( read original story ...)
China’s Stock Mkts Closed Updates: SSE Index -2.02%, SZSE Index -2.05%, HSI -6.36%, total trading amount to USD 157 bln
Shanghai Composite Index closed at 2,977.56, down 2.02%, Shenzhen Component Index finished at 10,694.61, down 2.05%, the Hang Seng Index closed at 15,180.69, down 6.36%. The trading volume for three ... ( read original story ...)
Tesla’s stock sinks after cutting prices on cars in China
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto ... ( read original story ...)
Hong Kong Stock Market Dives After China Party Meeting
Almost all shares in the Hang Seng Index were trading lower, but Chinese technology stocks were particularly hard hit. ( read original story ...)
Foreign Business Groups in China Wary as New Xi Term Begins
Overseas business groups in China expressed on Monday wariness about President's Xi Jinping's newly unveiled leadership team and his stated priorities, with some urging against greater state ... ( read original story ...)