China Financial News

China’s Ministry of Commerce has announced sanctions against Boeing and two other defense companies for their arms sales to Taiwan

Global shares have retreated even after most U.S. stock indexes finished higher, especially technology issues like Nvidia

A Senate inquiry has found BMW, Jaguar Land Rover and Volkswagen have bought parts made by a Chinese company sanctioned under a 2021 law for using forced labor

The world’s leading artificial intelligence companies pledged at the start of a mini summit on AI to develop the technology safely, including pulling the plug if they can’t rein in the most extreme risks

Hindustan Zinc were locked in the 20% upper circuit limit in today's intraday session, reaching an all-time high of ₹743.60 apiece. This impressive rally has pushed the stock's gains to 133% for the year so far. This rally marks the stock's biggest annual gain since 2009, when it delivered a remarkable 257% return.

The United States’ dollar has strengthened sharply in recent months, and against Asian currencies in particular. A rising crescendo of apocalyptic financial talk threatens to spook markets. The Japanese yen, for example, appears to be on the verge of collapse.

Also Read: Copper prices hit all-time high to break March 2022 record; what's driving the rally? Copper on the LME has surged by 28% this year, while SHFE copper has increased by 25%. SHFE copper inventories remain low compared to the beginning of 2024, despite May typically being a period of strong copper demand in China. Nickel prices have also risen sharply, nearing $21,000 per ton in the previous trading session, marking their highest level since September 2023.

Read here: Elections 2024 & Stock Markets: ‘Stop predicting, start…’ says Deepak Shenoy "In our view, a large part of the optimism is already priced in, while disappointment is not. Therefore, the risk-reward is skewed slightly towards a buy-on-dip strategy, rather than going all in," it said. Overall, it continues to believe the Indian equity market will deliver low double-digit returns in the current financial year after the positive performance YTD.

SINGAPORE—For the past few years, the West has been trying to break China’s grip on minerals that are critical for defense and green technologies. Despite their efforts, Chinese companies are becoming more dominant, not less. They are expanding operations, supercharging supply and causing prices to drop.

India’s small businesses last year. Among various costs, staff costs and materials were the costs that caused the most harm to small businesses in 2023, findings by global accounting body CPA Australia revealed in its latest survey. To cover increasing expenses and support business growth, many Indian small businesses sought external funds, the survey noted. “68% sought external funds last year, dropping 20 percentage points from 2022. However, reflecting strong growth expectations, 81% plan to access finance this year,” it stated. The survey, which collected views from 4,222 small businesses in 11 Asia-Pacific markets across Australia, Mainland China, and Malaysia, also included 505 respondents from India.

Russia to halt its military invasion of Ukraine, China is supporting its ally as fully as it can without triggering Western sanctions. The farewell hug between the autocratic leaders of the respective nations — Chairman Xi Jinping and President Vladimir Putin — made a mockery of China's profession of being a neutral party. In his first overseas trip after commencing his fifth term in power, Putin visited China on 16-17 May. The occasion marked the 75th anniversary of diplomatic relations between the two countries, and a 7,000-word joint statement enthused that «Russian- Chinese relations stand the test of rapid changes in the world, demonstrating strength and stability, and are experiencing the best period in their history». Beijing previously declared a «no-limits strategic partnership» with Moscow, and the state visit reinforced the closeness between the two regimes. Instead of urging an end to the war, Xi embraced the Russian strongman and issued assurances of undying support. The joint statement noted the nations would «further deepen mutual military trust and cooperation». This includes expansion of military exercises, regular maritime and air patrols, and strengthening bilateral and multilateral coordination.

BEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said.

India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy. Citigroup Inc., the top arranger of equity offerings in India this year, sees four to five IPOs of at least $1 billion each over the next year. At least 10 companies are weighing offerings of more than $100 million, according to data compiled by Bloomberg.

Gold prices inched up on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the U.S. Federal Reserve would start cutting interest rates later this year. FUNDAMENTALS

HDFC Asset Management, in an interview with Prashant Mahesh, spoke about Indian equity valuations, investment opportunities, and risks among other issues. Edited excerpts: India's stock market valuations are considered rich after the near one-way move since Covid. What are your thoughts?

death of Iranian executive President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian in a helicopter crash on May 19 was a highly disruptive event that will test Iran and West Asia, both already in mayhem.

Copper prices hit all-time high to break March 2022 record; what's driving the rally? Brent finished the previous week with a 1 per cent increase, marking its first weekly gain in three weeks. WTI had advanced by 2 per cent, bolstered by positive economic data from the U.S. and China, the world's largest oil consumers.

expressed grief over the demise of Iranian President Ebrahim Raisi, who died in a chopper crash. In his condolence message on X, formerly Twitter, Modi said India stands with Iran in ‘this time of sorrow’. "Deeply saddened and shocked by the tragic demise of Dr.

visit to China and nearly a month after he cancelled his visit to India. Musk's plan to visit India between April 20 and 22 was cancelled at the last moment, and there is no update on Tesla's entry into the Indian market. According to a PTI report, Elon Musk's Tesla is yet to inform India about its plans to enter the country.

The new tariffs President Biden announced last week aren’t economically significant. Symbolically, they are huge. The U.S.

The Hong Kong Institute for International Finance (HKIIF) Chairman Xiao Geng recently highlighted the potential benefits of a CNY-pegged stablecoin for Hong Kong during an event.