Shanghai Composite Index closed at 2,977.56, down 2.02%, Shenzhen Component Index finished at 10,694.61, down 2.05%, the Hang Seng Index closed at 15,180.69, down 6.36%. The trading volume for three ... ( read original story ...)
Tesla’s stock sinks after cutting prices on cars in China
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world's largest auto ... ( read original story ...)
Hong Kong Stock Market Dives After China Party Meeting
Almost all shares in the Hang Seng Index were trading lower, but Chinese technology stocks were particularly hard hit. ( read original story ...)
Shanghai’s Bank Loan Balance Jumps USD100 Billion in First Three Quarters to Support Real Economy
The efforts of financial institutions in Shanghai to support the real economy have resulted in a CNY725.3 billion (USD100 billion) increase in bank loan balance in the first three quarters from a year ... ( read original story ...)
‘Best days are over’ for China’s pandemic stock winners as zero-Covid policy fails to halt losing run for vaccine makers
Vaccine makers like CanSino, Chongqing Zhifei have slumped on onshore stock markets, suggesting they are one-product wonders Demand for Covid-19 vaccines is diminishing, given the high vaccination ... ( read original story ...)
China’s yuan nears 2008 global financial crisis era lows
SHANGHAI: China's yuan resumed its weakening trend against the dollar on Friday (Oct 21), approaching lows hit during the global financial crisis of 2008 as the greenback soared on heightened ... ( read original story ...)
Yuan Falls to Lowest Since 2008 Global Crisis, Despite State Bank Support
China's yuan fell on Friday to its weakest level against the dollar since the global financial crisis of 2008, despite attempts by major state-owned banks to stabilise the market. Sources told Reuters ... ( read original story ...)