Trading in Hong Kong plummeted Monday with the Hang Seng Index falling to levels last experienced in 2009 and Chinese tech shares appearing to take the brunt of the hit. The Hang Seng Index was down ... ( read original story ...)
Treat Tesla like it’s a Chinese tech stock, Morgan Stanley says
Tesla will behave like a Chinese tech stock for the next decade, according to Morgan Stanley. Up to half of the Elon Musk-run EV maker's profitability comes from China sales, the bank said. Tesla ... ( read original story ...)
China’s yuan slips again, but state bank buying limits losses
China's yuan extended its slide against the dollar on Wednesday, but the pace of declines slowed after major state-owned banks were spotted selling the greenback in the previous session to stabilise ... ( read original story ...)
China’s yuan extends slide, stock rebound peters out
SHANGHAI: China's yuan extended its decline on Tuesday (Oct 25) to a near 15-year low, following Monday's sell-off in Chinese assets by global investors worried about Beijing's policy direction, while ... ( read original story ...)
Treat Tesla like it’s a Chinese tech stock because of how much profit Elon Musk’s company is making there, Morgan Stanley says
Up to half of the Elon Musk-run EV maker's profitability comes from sales in China – so expect Tesla to behave like a Chinese tech stock, the bank said. ( read original story ...)
Asian Stock Markets Mixed, Muted as Earnings Season Unfolds
Asian stock exchanges were mixed and largely muted on Tuesday, as traders awaited fresh market catalysts or looked for bargains after recent trading floor routs. Hong Kong edged lower, Shanghai was ... ( read original story ...)
China’s Shanghai extends free COVID testing services to Nov 30
China's financial hub Shanghai will extend its free and regular COVID-19 testing services to Nov. 30 from Oct. 31, the city government said in a notice on its WeChat account on Tuesday. ( read original story ...)