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 ...)
Global Stocks Are Higher, but Technology Stocks Tumbled Again in China
Global stocks are higher, with technology shares showing a bounce on Wall Street later. But Alibaba and other big tech names fell in Shanghai on concerns over proposed new regulations in China aimed ... ( 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 ...)
The Latest: Shanghai quarantines 186 after case at airport | Charlotte Observer
Authorities in China’s financial hub of Shanghai have quarantined 186 people and conducted virus tests on more than 8,000 after a freight handler at the city’s main international airport tested ... ( 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 ...)