On Friday, the S&P 500 slipped 0.1% from an all-time high to close at 5,234.18. The Dow Jones Industrial Average fell 0.8% to 39,475.90 and the Nasdaq composite rose 0.2% to 16,428.82, adding to its ... ( read original story ...)
Yuan rebounds as China central bank sends strong message of support via fixing
Support for the yuan is vital for its stability this year with the Chinese economy still facing a slew of woes. Read more at straitstimes.com. ( read original story ...)
China’s Instagram-like app Xiaohongshu makes first profit
Chinese social media sensation Xiaohongshu has seen its growing popularity lead to profits for the first time, as the Instagram-like platform brings in revenues from advertising and a nascent ... ( read original story ...)
Today in the Stock Market: Mixed Results for Asian Shares, Despite New Highs on Wall Street
Asian stock markets showed a mix of results, following a stellar performance by Wall Street that witnessed record-breaking highs, mainly boosted by advancements in chip stocks. While Japan’s benchmark ... ( read original story ...)
RMB471.5M Net Inflow to PING AN BANK from Northbound Trading of SZ-HK Connect
For Northbound Trading of Shanghai-Hong Kong Stock Connect, the most active stocks with net inflow in pecking order were HENGRUI PHARMA (600276.SH) (RMB359.7 million), SERES (60112... At close, ... ( read original story ...)
China’s Central Bank Hints at More Monetary Easing
China’s central bank hinted at more monetary easing ahead and pledged more support for technological innovation, as Beijing doubles down on efforts to juice up its economy and manufacturing sector. ( read original story ...)
Shanghai to increase financial support for new infrastructure projects
The Shanghai Development and Reform Commission released "Guidelines for Discount Management of Shanghai's New Infrastructure Construction Projects (2024 Edition)," a supplement to the action program ... ( read original story ...)