World shares were mostly higher on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks. Most major markets logged gains, though Shanghai edged lower and ... ( read original story ...)
China’s state buying may fade after sentiment improves as ‘hot money’ trickles into stock market
China’s state-backed funds have bought at least US$57 billion of onshore stocks via exchange-traded funds tracking the underlying CSI 300 Index, according to UBS ... ( read original story ...)
Stock market today: Asia stocks mixed after Wall Street slumps to worst day in weeks
Asian stocks were mixed on Wednesday after tumbling Big Tech stocks dragged Wall Street to its worst day in three weeks.U.S. futures and oil prices rose.Japan’s Nikkei 225 index was virtually flat at ... ( read original story ...)
Yuan steady as central bank sets firmest fixing in a month
SHANGHAI: China’s yuan held steady against the US dollar on Wednesday, as the central bank set a daily midpoint guidance rate at its firmest in a month, while investors were waiting for a press ... ( read original story ...)
China National Team Stock Buying May Slow on Rebound, Jefferies Says
Equity purchases by Chinese government-led funds aimed at supporting the market will likely slow down if mainland stock benchmarks can hold their recent rebound, according to Jefferies Financial Group ... ( read original story ...)
Shanghai Lujiazui Financial City Authority: Shanghai’s Lujiazui adds 5 global asset management institutions
have signed agreements to settle in Shanghai's Lujiazui Financial City, said local authorities. According to Xiao Jian, head of Lujiazui administration bureau under the China (Shanghai) Pilot Free ... ( read original story ...)
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
Asian stocks are mostly higher ahead of China’s top annual political gathering, while Japan’s benchmark closed above 40,000 for the first time ... ( read original story ...)