Asian equities were largely higher on high volumes as the value/cyclical rotation plays out globally. For instance, the Kospi rose +1.35% while the Kosdaq fell -0.11%, and Shanghai (value) was off ... ( read original story ...)
HKEX CEO was ‘disappointed’ by suspension of Ant Group IPO, but relieved to see regulation
In a dramatic move, Chinese regulators put the brakes on Ant's share debut just days before the company was set to start trading on in Shanghai and Hong Kong. ( read original story ...)
Stock market breadth and sector rotation
Sector rotation is the key theme when it comes to the US stock market as investors continue to sell their positions in tech stocks and move their money in more cyclical sectors. All of this is ... ( read original story ...)
China’s firms sign US$73 billion worth of deals at flagship Shanghai import expo
China International Import Expo (CIIE) in Shanghai concluded on Monday, with US$72.62 billion worth of deals signed during the six-day event. ( read original story ...)
Bridgewater’s Dalio supports Ant IPO suspension, bullish on China
Ray Dalio, founder of Bridgewater Associates, expressed support on Wednesday for China's abrupt decision to suspend Ant Group's record $37 billion listing, citing the need to curb risks from financial ... ( read original story ...)
China overnight borrowing rates rise as traders see c.bank stimulus exit
Rising overnight borrowing rates in China's interbank market this week reflect tightening cash conditions as the quickly recovering economy gives the central bank room for a more flexible approach to ... ( read original story ...)
Pudong drives Shanghai toward financial glory
A pro-innovation regulatory environment has made Shanghai's Pudong New Area a magnet for international financial giants and strongly backs the city's ambition to build a global financial hub, experts ... ( read original story ...)