China Financial News

China Plus One had become a global buzzword as companies wanted to reduce their dependence on the East Asian giant.

Also Read: India, China agree to resolve border issues in expeditious manner after 2-day meet The Maritime Rescue Coordination Centre in Mumbai on Wednesday received information that a crew member — Yin Weigyang — onboard the research vessel had a cardiac attack and required urgent medical attention. Communication was established immediately with the vessel, which was en route from China to the UAE necessary telemedicine advice was provided promptly.

The BSE Sensex was trading 238 points or 0.37% lower at 64,912. Nifty50 was trading at 19,292, down 73 points or 0.38% at around 9.18 am. From the Sensex pack, HCL Tech, TCS, Wipro, Tech Mahindra, and Infosys opened with cuts, whereas only NTPC, L&T, Bharti Airtel, and Sun Pharma opened with gains.

«India is now a growth market. We are coming out of a phase from 2018 to 2022 when the economy was not really growing. Now, with the help of government's impetus on infrastructure, on manufacturing, the economy is picking up,» says Aditya Shah, Founder, Hercules Advisors.Typically investors look at stocks that are going to give them high returns over a short period of time and this is typically what the story would have been in midcap stocks but certainly in recent times, the kind of decline that we have seen in the midcap universe over a span of five years, that trend is reversing especially with foreign investors. They have this added interest despite the kind of premium valuations in that universe. Why do you think this is happening?It is very simple.

Sandip Sabharwal, asksandipsabharwal.com, says “the longer-term outlook is still positive for equities. The broader universe is not doing badly. Some of the stocks are at 52-week highs, some are rallying.

China says it would welcome a visit by U.S. Commerce Secretary Gina Raimondo following the imposition of foreign investment controls by her agency that have stung numerous Chinese companies

Read here: China's real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal Dalio’s $125 billion hedge fund Bridgewater Associates, in which he is also a member of the operating board, is an investor in China and also offers funds for Chinese investors. Last year, Bridgewater doubled its fund assets in China to more than 20 billion yuan ($2.74 billion), cementing its position as the biggest foreign hedge fund in the country, Reuters reported.

Elon Musk's SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant and fears of interest rate hikes have been among the theories raised as to Bitcoin's freak price dip.

dollars faced a fifth straight week of losses on Friday as angst over China's ailing economy and surging U.S. bond yields saw support steamrolled by bearish bets. The Aussie was pinned at $0.6411, having shed 1.3% for the week so far to hit a nine-month trough of $0.6365.

rates staying higher for longer as long-term bond yields surged. MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1% after hitting a nine-month low the session before. It was, however, headed for a weekly loss of 2.8%, the third straight week of declines.

Wall Street's main indexes closed lower after choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer. Weighing heavily on the S&P 500, CVS Health tumbled 8% on news that Blue Shield of California plans to cut its reliance on the company as its pharmacy benefit manager (PBM) and work with others including Amazon.com. Shares of major health insurers UnitedHealth and Cigna, which also have PBM units, dropped by 1.9% and 6.4% respectively, pushing the broader S&P 500 healthcare index 0.8% lower.

Gold edged up from 5-month lows on Friday as the U.S. dollar and bond yields slightly fell from highs, but bullion was set for its fourth consecutive weekly decline on concerns over the Federal Reserve's higher-for-longer interest rate outlook. FUNDAMENTALS * Spot gold gained 0.2% to $1,892.70 per ounce by 0141 GMT, after touching its lowest since mid-March on Thursday.

Sensex and Nifty ended over half a percent lower each dragged by weak global cues. The Nifty index slipped 99 points to end at 19,365. The index found support at 19,300 level during the day.

China's real estate troubles are accelerating. Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers to step up support for the industry.

The price of Bitcoin (BTC) fell around 8% in a span of 10 minutes, causing the cryptocurrency to dip well under $26,000, before partially recovering.

Indian stock market is expected to open lower on Friday following selloff in global markets as rising treasury yields weighed on investors’ risk appetite. The Asian markets traded lower following an overnight decline on Wall Street after the treasury yields spiked. Concerns over China’s economic slowdown resurfaced and sentiment weakened after property developer Evergrande filed for bankruptcy protection in the US.

Indian Space Research Organization (ISRO) on Thursday announced that the Chandrayaan 3's ‘Vikram’ lander module of the spacecraft has successfully separated from the propulsion module. The ‘Vikram’ lander module was with the propulsion module for the last month in their journey from India's Sriharikota to Earth's satellite Moon.

₹1,510.86 crore. DIIs after investing in the domestic market for straight-four sessions sold shares for ₹313.97 crore.More data came in Thursday showing a firm U.S.

Elon Musk on Thursday called entrepreneur Vivek Ramaswamy a ‘promising candidate’ for the 2024 US presidential election. He responded to a clip of Ramaswamy, shared on X (formerly Twitter), on Tucker Carlson’s online show. “He is a very promising candidate," said Elon Musk in a post on X.

China Evergrande, which is the world's most heavily indebted property developer and became the poster child for China's property crisis, on Thursday filed for protection from creditors in a US bankruptcy court. The company sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the United States. An affiliate, Tianji Holdings, also sought Chapter 15 protection on Thursday in Manhattan bankruptcy court.

By Sudarshan Varadhan