China Financial News

06.12 / 09:19

Reuters ByteDance TikTok reports ByteDance offers investors share buyback, valued at $268 billion-sources

By Kane Wu and Josh Ye

06.12 / 09:07

Experts recommendations Nomura raises India exposure to 19% from 18.2%; likes RIL, Axis Bank, ICICI Bank

Reliance Industries as its largest exposure in Indian stocks with a 4.5 percent weightage, followed by ICICI Bank (3.5 percent), Godrej (2.5 percent), Axis Bank (2.5 percent), Mahindra & Mahindra (2.5 percent), Larsen & Toubro (1.5 percent), UNO Minda (1.5 percent), and Fortis (0.5 percent). Nomura also outlined the potential risks for the Indian stock market in 2024 from the China rotation and stretched government finances leading to populism, higher taxes, and lower government capex.

06.12 / 09:03

Provident Moodys show country Oil rises as markets weigh OPEC+ cuts against China demand concerns

(Reuters) -Oil prices rose slightly in Asian trade on Wednesday, after posting losses for four sessions, as investors weighed the effectiveness of an extension in OPEC+ cuts on tightening supplies against worries of a worsening demand outlook in China.

06.12 / 08:55

Remark WhatsApp Healthcare Experts performer reports Nifty vs global peers: 10% uptick from November lows, but was it the top performer?

Nifty recorded a new all-time high daily in December, the 50-stock index was still not among the top-performing global indices in November, falling behind benchmark indices in developed markets viz US, UK, Japan, France, Switzerland and Germany. Among the emerging markets, Nifty was behind Taiwan, Korea, Brazil, and South Africa while remaining ahead of China. Nifty rose 5.5% in November, witnessing a turnaround after hitting a low of 18,989.15 on November 1, led by gains in auto, healthcare, and realty stocks.

06.12 / 08:35

economy show track reports Asia FX edges past China woes as markets look to less hawkish Fed

Investing.com-- Most Asian currencies rose slightly on Wednesday as weak U.S. labor data spurred continued bets on early interest rate cuts by the Federal Reserve, helping investors look past persistent concerns over China’s economy.

06.12 / 08:03

tokenization Hong Kong Monetary Authority Set to Launch Second Tokenized Green Bond in Coming Months

The Hong Kong Monetary Authority (HKMA) is gearing up to introduce its second tokenized green bond, expected to be unveiled within the next few months.

06.12 / 07:25

Manufacturing Pinnacle President show country 2020 November 2023 breaks records: Indian auto market achieves highest-ever sales, FADA

Japan to become the world's third-largest market in terms of sales, trailing only behind China and the United States. The automotive sector has experienced exceptional strength throughout 2023, and November stands out as a significant month, with two-wheelers and passenger vehicles (PVs) exhibiting notable strength.

06.12 / 07:13

FIVE Progressive Manufacturing Apple NVIDIA information reports Taiwan boosts protection of key tech, but says won't affect chipmakers' business

Taiwan makes the majority of the world's most advanced semiconductor chips, used in everything from smartphones to electric vehicles, and the government has long worried about Chinese efforts to copy its success, including through industrial espionage and poaching engineers.

06.12 / 06:47

Provident Manufacturing Apple MacRumors country information reports Apple informs suppliers it will source iPhone 16 batteries from India: Report

Apple has told its parts suppliers that it wants to get batteries for the upcoming iPhone 16 from factories in India, as per a Financial Times report. Earlier in November, Analyst Ming-Chi Kuo, as reported by MacRumors, suggested that Apple may initiate the assembling of the iPhone 17 in India, marking the first instance where the company will undertake iPhone development outside of China.

06.12 / 06:29

Reuters Manufacturing economy Citigroup Moodys show consequences China's exports slump seen slowing as pockets of demand emerge- Reuters poll

By Joe Cash

06.12 / 06:15

Virus hospital outbreak reports infection pneumonia Mint Explainer: Should India be worried about China’s ‘walking pneumonia’?

Memories of the Covid-19 pandemic have resurfaced as a mysterious respiratory illness among children emerged in China, the epicenter of the earlier outbreak. Hospitals in many Chinese cities have been operating at maximum capacity the past two months, taking in more than 9,000 patients a day. The alarming scenes from China have put health authorities worldwide on high alert.

06.12 / 05:59

economy Moodys Nikkei ADP electronic blues reports Marketmind: Optimism over peaking rates propels stocks

A look at the day ahead in European and global markets from Kevin Buckland

06.12 / 03:43

Citi economy Moodys show country outbreak Low Oil prices pinned near 5-mth low on China woes, US inventory build

Investing.com-- Oil prices moved little in Asian trade on Wednesday, sticking to near five-month lows after a warning on China's economy rattled markets, while signs of an unexpected build in U.S. crude stockpiles also added to pressure on prices.

06.12 / 03:43

Reuters economy Moodys reports China blue-chip stocks hit 5-year lows, yuan eases after Moody's move

SHANGHAI (Reuters) -China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody's (NYSE:MCO) cut China's credit outlook.

06.12 / 03:43

economy show country Australia Q3 GDP slightly misses expectations as exports shrink

Investing.com-- Australia’s economy grew slightly less than expected in the third quarter on weak export demand, particularly in China, although domestic spending remained robust amid high interest rates and inflation.

06.12 / 03:43

Progressive Manufacturing President show performer Despite China jitters, Taiwan stocks soar as investors buy in before election

By Faith Hung and Rae Wee

06.12 / 03:43

Reuters Action economy Moodys country reports prevention Support China state banks selling dollars for second day to support yuan-sources

SHANGHAI (Reuters) -China's major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the matter said.

06.12 / 03:43

Manufacturing Entertainment economy Nikkei show performer country fed rate cut Rate Cut Asian stocks rate cut bets Asian stocks surge as Fed rate cut bets offset China fears

Investing.com-- Most Asian stocks rallied on Wednesday as weak U.S. labor market indicators fueled more bets that the Federal Reserve had limited room to keep interest rates higher, helping investors look past a warning on China’s economy.

06.12 / 02:43

Cooper Action Moodys President Experts country fall Oil prices fall on China concerns, scepticism on OPEC+ cuts

Oil prices fell in Wednesday Asian morning trading as markets continue to doubt the impact of OPEC+ cuts and take cues from a worsening demand outlook in China. Brent crude futures fell 8 cents, or 0.1%, to $77.12 a barrel by 0101 GMT. U.S.

06.12 / 02:43

Citi CEO Remark NVIDIA reports Nvidia to develop new chips that comply with US export regulations

SINGAPORE (Reuters) — Nvidia (NASDAQ:NVDA) will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, CEO Jensen Huang said on Wednesday.

06.12 / 01:37

Provident Aware Manufacturing Apple Experts country electronic Apple taps companies in India, Taiwan, South Korea, Japan for critical parts

Apple is scouting for new suppliers — Indian, Japanese and South Korean — which can provide crucial components to its contract manufacturers in India, people aware of the matter told ET. This comes on the back of delayed government approvals for imports from existing suppliers — primarily of Chinese origin — of batteries, camera lens, chargers and other equipment required to make its flagship iPhones and iPads in India, they said.

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