Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch ... ( read original story ...)
Asian stocks slump as traders temper rate cut bets
By Ankur Banerjee SINGAPORE (Reuters) -Asian shares eased on Monday and the dollar was firm after a robust U.S. jobs report dashed expectations of a near-term interest rate cut from the Federal Reserve, ( read original story ...)
China has vowed to save its crashing stock market, but investors are just not convinced
China vowed to crack down on short-selling and insider trading, attract investment from longer-term funds, and listen to investors earnestly. ( read original story ...)
Asia-Pacific stocks mixed as another pushback from Powell dented sentiment around rate cuts
China (SHCOMP) -1.02%. China Caixin Services PMI for January 52.7 (prior 52.9). Hong Kong (HSI) -0.11%. The S&P Global Hong Kong SAR PMI fell to 49.9 in January 2024 from 51.3 in December, signaling broadly unchanged private sector conditions at the start of the year. ( read original story ...)
China Hands a Suspended Death Sentence to a Former Bank CEO
The former president of one of China’s biggest privately run banks has been sentenced to death by a Chinese court. The sentence has been suspended for two years. Tian Huiyu, 58, was for nine years the ... ( read original story ...)
Ex-bank boss given death sentence with reprieve for graft
Tian Huiyu, former president of China Merchants Bank, was given the death penalty with a two-year reprieve for crimes including taking bribes, abuse of power, using undisclosed information for trading ... ( read original story ...)
China’s CanSino Sinks on Dropping Covid-19 Vaccine Arm From Financial Reports
CanSino’s mainland-listed stock [SHA: 688185] plunged 7.7 percent to finish at CNY46.06 (USD6.40), while its Hong Kong-traded shares [HKG: 6185] closed down 2.8 percent at HKD15.50 (USD2). ( read original story ...)