Chinas

Stocks rally on hopes of relief from China's COVID policy.  Here's why economists think investors are too optimistic.

Stocks rally on hopes of relief from China’s COVID policy. Here’s why economists think investors are too optimistic.

Investors rejoiced over China’s latest COVID policy this week after massive lockdown protests erupted across the country, rocking global financial markets, but economists believe markets have placed “too much great likelihood” that the restrictions will soon be eased. China’s National Health Commission said on Tuesday it would step up COVID vaccinations for the elderly and …

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China's COVID-19 lockdown protests rock US and global markets

China’s COVID-19 lockdown protests rock US and global markets

Protests in several cities across China against the country’s so-called zero COVID policy rocked global markets on Monday, adding to fears over stagnant growth and supply chain crunches as the holiday shopping season resumes. The S&P 500 index of major US stocks fell three-quarters of a percent, dipping below 4,000 in Monday morning’s trading session. …

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Why China's COVID policies are rattling investors again

Why China’s COVID policies are rattling investors again

Investors in China-related assets who had expected a significant easing of COVID restrictions were disappointed this week as the country battles the worst wave of cases since the outbreak in Shanghai earlier this year. China-related ETFs fell this week, with shares of the iShares MSCI China MCHI ETF, -1.82% lose 3.4%. The KraneShares CSI China …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Asian stock markets fret over China's COVID outbreaks, Fed outlook

Asian stock markets fret over China’s COVID outbreaks, Fed outlook

https://tmsnrt.rs/2zpUAr4 China’s coronavirus outbreaks are a setback to loosen hopes Dollar and bonds stable ahead of Fed minutes Oil prices fragile after losing 10% last week SYDNEY, Nov 21 (Reuters) – Asian stock markets turned hesitant on Monday as investors worried about the economic fallout from new COVID-19 restrictions in China, while bonds and the …

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Alibaba posts surprise loss as China's Covid restrictions take their toll

Alibaba posts surprise loss as China’s Covid restrictions take their toll

(Bloomberg) – Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely rose as China’s rigid Covid controls continue to depress consumer sentiment. Bloomberg’s Most Read China’s e-commerce leader reported a net loss of 20.6 billion yuan ($2.9 billion) against forecasts of a profit of almost the same amount, after writing down the …

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Hong Kong stocks up 2% as tech stocks rise;  China's activity data disappoints

Hong Kong stocks up 2% as tech stocks rise; China’s activity data disappoints

Hong Kong-listed Chinese tech stocks jump in early trading Hong Kong-listed shares of Chinese tech companies rose significantly in the first hour of trading. Tencent increased by 7.6%, Meituan gained 5.9%, and Ali Baba increased by 9%. The Hang Seng Tech index rose around 4%. The moves come despite disappointing data on Chinese retail activity …

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As the world battles inflation, China's problem is deflation

As the world battles inflation, China’s problem is deflation

From a real estate crisis to strict Covid controls to its lowest growth target in three decades, China’s economy faces many problems. But inflation is not one of them. Data released last week showed consumer prices rose 2.1% year-on-year in October – the kind of moderate gain that Western policymakers can only dream of. Producer …

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