China Financial News

Investing.com-- Oil prices fell in Asian trade on Monday as investors locked in some profits after stellar gains over the prior week, with focus now turning to any more developments in the Israel-Hamas war and cues from key industry reports. 

Sensex gained 167.06 points, or 0.23%, to close at 71,595.49, while the Nifty 50 ended 64.55 points, or 0.3%, higher at 21,782.50. Analysts expect cautiousness to prevail and the market to consolidate in the near term amid key macro data and the last leg of Q3 results. Also Read: Week Ahead: Inflation data, Q3 results, global cues among key market triggers this week “The equity market remained volatile during last week, responding to events like the US Fed Policy announcement, and the RBI policy in quick succession.

Gold prices were flat on Monday in holiday-thinned trading, after falling last week on rising bond yields, while investors awaited remarks from U.S. Federal Reserve officials in a data-packed week. FUNDAMENTALS

kiwi dollars were subdued in holiday thinned trade on Monday, while traders looked ahead to a central bank speech in New Zealand that could make or break market bets for another hike given the huge shift in market pricing last week. Most of Asia including China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Vietnam and Malaysia are closed for holidays.

Oil prices fell in early Asian trade on Monday after Israel said it had «concluded» a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. Brent crude futures were down 43 cents, or 0.5%, at $81.76 a barrel, while U.S. West Texas Intermediate crude futures were 46 cents, or 0.6% lower, at $76.38 a barrel at 0135 GMT.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

By Judy Hua and Kevin Yao

1,340-kilometer (832-mile) border with Russia. Unlike in most European countries, the president of Finland holds executive power in formulating foreign and security policy together with the government, especially concerning countries outside the European Union such as the United States, Russia and China.

foreign direct investment (FDI) from China in Paytm Payments Services Ltd (PPSL), a subsidiary of Paytm parent One97 Communications Ltd, PTI reported citing sources. Paytm Payments Services applied for a licence with the Reserve Bank in November 2020 to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, the apex bank rejected PPSL's application in November 2022.

Xiaomi, which has the biggest share in India's smartphone market at 18%, also asks in the letter dated Feb. 6 that India consider offering manufacturing incentives and lowering import tariffs for certain smartphone components. The Chinese company assembles smartphones in India with mostly local components and the rest imported from China and elsewhere.

Mint. "We always keep looking out for possibilities world over and if there are assets, especially if there are producing assets available or near producing assets available, we will be more than interested to have our stakes in those assets. Several discussions are also going on," he said.

A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles has threatened to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military

Taiwan's defence ministry said on Sunday it had detected eight Chinese balloons crossing the Taiwan Strait in the previous 24 hours, of which five flew across Taiwan, the second day in a row is has reported a large number of balloons. Taiwan, which China claims as its own territory despite the strong objections of the government in Taipei, has complained since December about the balloons, saying they are a threat to aviation safety and attempt at psychological warfare. In its daily report on Chinese military activities, Taiwan's defence ministry said it spotted the first balloon on Saturday morning and the last one mid-afternoon, having spotted the same number of balloons on Friday.

Chinese New Year. The day begins with the first new moon of the Lunar calendar and ends 15 days later when the first full moon of the year appears.

Argentina and the Ivory Coast in China has been called off by local authorities, marking the second cancellation of an Argentine match in China this week. The decision comes amidst controversy surrounding Lionel Messi's absence from a match in Hong Kong last Sunday. The Beijing Football Association announced on Saturday that it would not organize the friendly scheduled for March, stating that Beijing currently has no plans to host the match involving Lionel Messi.

Today, Bitcoin price has touched the $47,800 mark. It’s a 110% increase in price in the last 365 days.

Tripura (NLFT), who fled from their camp in Bangladesh have surrendered to security officials in Tripura. On Friday they deposited arms and ammunition including two Chinese rifles. A senior police official who does not want to be named ET, “Six NLFT extremists surrendered to Deputy Inspector General of Police, Intelligence, Krishnendu Chakravertty in Agartala and deposited some arms and ammunition. The militants deposited two Chinese rifles, one country made sten gun, six live rounds 70 mm ammunition, two Chinese grenades and many other ammunition".

Amit Shah as saying in Lok Sabha. “Our leadership displayed resolve and not an inch of India's land was lost," he added. Congress-led Opposition parties have attacked the PM Modi-led Union government on the issue and claimed that Chinese troops have encroached on India's territory.

electric vehicles and EV Battery Manufacturing Project. This ambitious initiative will unfold across two cities in Odisha.

In August, Ali Bongo, then-president of the Central African nation of Gabon, made a startling revelation to a top White House aide: During a meeting at his presidential palace, Bongo admitted he had secretly promised Chinese leader Xi Jinping that Beijing could station military forces on Gabon’s Atlantic Ocean coast. Alarmed, U.S. principal deputy national security adviser Jon Finer urged Bongo to retract the offer, according to an American national security official.

Bitcoin initiated trading at the $42,000 mark, influenced by a hawkish stance from the Federal Reserve and capital outflows from Grayscale. However, the cryptocurrency experienced an upward trend as substantial investor accumulation took place. Presently, Bitcoin is surpassing the $46,000 level. According to reports from Glassnode, there has been a 3.6% increase in Bitcoin wallets holding over 1,000 BTC from January 19th to February 6th. The heightened activity among large investors suggests growing confidence in the value of Bitcoin, particularly as the halving event approaches. Additionally, historical trends indicate that Bitcoin often sees gains during the Chinese New Year period, coinciding with the S&P 500 reaching historic highs. Bulls in the market are now eyeing the $50,000 level as the next significant psychological resistance, fuelled by positive sentiment. On the other hand, Ethereum is also trading in line with Bitcoin, experiencing gains. Most altcoins have gained decent amounts this week.