China Financial News

Investing.com-- CITIC Securities Co Ltd (SS:600030), China’s biggest brokerage, restricted short-selling for some clients amid growing, outsized losses in local stock markets, Bloomberg reported on Friday citing people with knowledge of the matter.

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

Investing.com-- Most Asian stocks rose on Friday as a positive, AI-fuelled outlook from TSMC spurred a rebound in the technology sector, although weakness in China and uncertainty over interest rates put most bourses on course for a weekly loss.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.

Japan has signed a deal with the United States to purchase up to 400 Tomahawk cruise missiles as part of its ongoing military buildup in response to increased regional threats

By Samuel Shen, Casey Hall and Ellen Zhang

By Yuka Obayashi

By Jamie McGeever

Investing.com-- Oil prices moved little in Asian trade on Friday, but were set for some gains this week as optimistic demand forecasts and output disruptions in the U.S. helped offset fears of slowing economic growth and high interest rates.

Jindal Stainless export targets hit as Red Sea crisis escalates That’s spooking the industry. Italian exporters fear kiwi and citrus fruits will spoil on the way, Chinese ginger is getting pricier and some African coffee cargoes were briefly delayed. Grain is being diverted from the Suez Canal and a livestock carrier bound for the Middle East has changed course.

Japan is set to attempt a soft landing on the moon's surface with the Smart Lander for Investigating Moon early Saturday morning (January 20). The country seeks to join the exclusive club of nations achieving a successful soft landing on the moon. The United States, Russia (erstwhile USSR), China, and India have accomplished this feat, leaving Japan eager to overcome its exclusion.

Another tumultuous year has confirmed that the global economy is at a turning point. We face four big challenges: a climate transition, good-jobs problem, an economic-development crisis and the search for a newer, healthier form of globalization. To address each, we must leave behind established modes of thinking and seek creative workable solutions, while recognizing that these efforts will be necessarily uncoordinated and experimental.

Tesla (NASDAQ:TSLA) China announced plans to embark on a countrywide tour to exhibit its leading Cybertruck pickup, as revealed on WeChat, China's social media messaging platform.

Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos

Uniqlo Co_ has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its own hit product touted as the “Mary Poppins bag.”

Emma Raducanu demonstrated incredible resilience in her Grand Slam comeback at the Australian Open, refusing to quit despite facing physical challenges. In a hard-fought second-round match, the 21-year-old British player battled against China's Wang Yafan, ultimately losing 6-4 4-6 6-4, even while dealing with discomfort that included «throwing up» during the match. This match marked Raducanu's fourth appearance following wrist and ankle surgeries that sidelined her for eight months. Despite the adversity, she emphasized her newfound toughness, stating, «Everything I went through last year has made me so much tougher.» Raducanu made it clear that pulling out was not an option, declaring, «There was no way I was going to pull out. She was going to have to beat me — and she did.»

By Shristi Achar A and Shashwat Chauhan

₹145.60 apiece on the BSE. Similarly, shares of Hindustan Petroleum Corporation Limited (HPCL) surged significantly and were locked at five per cent upper circuit to hit a 52-week high mark of ₹461.80 apiece on the BSE. Also Read: ‘Oil markets well supplied’, says IEA as it raises 2024 global demand forecast; projects lower than OPEC Additionally, shares of Bharat Petroleum Corporation Limited (BPCL) rose around three per cent to hit an intraday high of ₹480.75 against a 52-week high of ₹482.05 apiece on the BSE.

Sustainable energy use for Bitcoin (BTC) mining reached an all-time high of 54.5% in 2023, a 3.6% increase throughout the calendar year.

China’s BYD, the largest electric vehicle manufacturer globally, introduced three battery electric vehicle models in Indonesia on Thursday as the company aims to establish itself as the market leader in Southeast Asia's largest economy.

India will be the fastest growing major economy in the world for the next three years. China's growth has been estimated to slow to 5.4% in 2023 and to 4.6% in 2024 and edge slightly higher at 4.8% in 2025 before settling at 4.6% in 2026-dragged down largely by its property market woes and slowing demand. S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. The decline of China, and at the same time the rise of India, has one common factor: population. Chinese are shrinking in number and aging, which is bad for the manufacturing powerhouse which needs young labour to stay in the leadership position. India, on the other hand, has more than 50% of its population below the age of 25 and more than 65% below the age of 35. SO many young people at work will propel economic growth if the government policies align. Shifting population numbers make India's rise and China's decline inevitable. China's baby problem As per the Chinese government, the population dropped by 2 million people in 2023 in the second straight annual drop as births fell and deaths jumped after the lifting of COVID-19 restrictions, AP has reported.