China Financial News

G20 Summit at Bali last October. India’s foreign ministry spokesperson reiterated that the two leaders exchanged courtesies but also spoke of the need to stabilise bilateral ties. Meanwhile, Indian foreign minister S Jaishankar and Doval himself have repeatedly told their Chinese interlocutors that the relationship could not return to normal without resolving the situation at the Line of Actual Control in eastern Ladakh that arose from Chinese transgressions beginning in April 2020.

"Chemicals is one space which is underrated right now because clearly we are seeing earnings headwinds, we are seeing margin pressures because China's supply has opened up so that is also something for the next three to six months one should be very watchful," says Aman Chowhan, Abakkus Asset Management.So, financial seems to be the consensus trade that you are talking about. But which is the most underrated sector, you would say, is that technology? Technology, yes but at the same time stocks have not corrected the way the results have been, the way the Infosys revised guidance, there has not been much impact on the stock price.

Shares are mostly higher in Asia after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy

By Danilo Masoni

, Redmi 12 5G, and OnePlus Open are likely to debut in August this year. Here are details on these smartphones. Reportedly, Xiaomi is making significant strides with the upcoming Mix Fold 3, set to make its debut in China.

(Reuters) — A look at the day ahead in European and global markets from Wayne Cole.

A survey shows Chinese factory activity contracted in July as export orders shrank

BEIJING (Reuters) — China's biggest cities including Beijing and Shenzhen said over the weekend they would implement measures to better meet the needs of homebuyers, without giving details, aiming to prop up a property sector that is seeing few signs of recovery.

BEIJING (Reuters) — China's State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full play to the «fundamental role» of consumption in economic development.

Chinese leader Xi Jinping’s government is promising to drag the economy out of a crisis of confidence aggravated by tensions with Washington, wilting exports, job losses and anxiety among foreign companies about an expanded anti-spying law

Australian nickel and lithium miner IGO posted a 19 per cent jump in fourth quarter earnings, boosted by record production at its flagship Greenbushes lithium mine in Western Australia.

Infant formula company Bubs’ China sales deteriorated further over the past quarter as excess stock and an ongoing dispute with its biggest daigou partner, AZ Global, dented demand.

shipping industry, with the world’s third-largest container line saying freight rates remain weak and a steep slump in US demand for goods out of China isn’t over. “The transport and logistics market remains depressed,” the French company controlled by billionaire Rodolphe Saade and his family said in an earnings statement Friday. Sluggish economic growth and persistent inflation is expected to weigh on consumer spending for the rest of the year, while deliveries of new vessels in the market could hurt rates.

The official manufacturing purchasing managers' index (PMI) — a key measure of factory output — came in at 49.3, below the 50-point mark that separates expansion and contraction, according to the National Bureau of Statistics (NBS). July's reading was slightly higher than June's 49.0 figure and was better than forecasts in a Bloomberg survey. «The overall level of manufacturing prosperity continued to improve,» NBS statistician Zhao Qinghe said in a statement. China is struggling to improve growth as its post-Covid recovery runs out of steam, due in large part to sluggish consumer spending.

“Our outlook favours small-cap stocks over mid- and large-caps. This is because the comparative valuation is compelling and small caps are trading near the long-term averages, while mid & large are substantially above the average,” says Satish Menon, Executive Director at Geojit Financial Services. In an interview with ETMarkets, Menon said: “Small companies generally benefit from a lag effect, hence, demand and operating margin are forecasted to benefit in the next 1 to 2 quarters” Edited excerpts:We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 mark. Is this too good to be true and we are running ahead of fundamentals? We find no evidence of over-optimism in the domestic stock market.

shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields were a risk. The early impetus for shares was positive following Friday's U.S. data showing an easing in wage costs and core inflation, which fuelled hopes the Federal Reserve was done tightening.

Beijing recorded its heaviest rainfall this year as the remnants of Typhoon Doksuri passed through China's capital on Monday, forcing over 31,000 people to evacuate their homes in the city, according to state broadcaster CCTV. Heavy rain continued to fall in the capital as well as Hebei, Tianjin and eastern Shanxi as Doksuri dissipated over northern China, the China Meteorological Administration said.

Taiwan into an «ammunition depot» after the White House announced a $345 million military aid package for Taipei, and the self-ruled island said Sunday it tracked six Chinese navy ships in waters off its shores. China's Taiwan affairs office issued a statement late Saturday opposing the military aid to Taiwan, which China claims as its own territory.

Gold prices were bound to post their biggest monthly rise in four on Monday, helped by growing expectations that major central banks may be nearing the end of current monetary policy tightening cycles in their fight to rein in inflation. FUNDAMENTALS * Spot gold was down 0.2% at $1,956.02 per ounce by 0110 GMT, while U.S. gold futures slipped 0.3% to $1,955.40 per ounce.

inflation data from across the region this week. US markets ending higher on Friday also improved sentiment. China is set to release its July purchasing managers index on Monday, while the US ISM surveys on manufacturing and services, the July payrolls report and European inflation due this week will also be eyed.

Investing.com-- Chinese manufacturing activity contracted for a fourth straight month in July, data showed on Monday, as the country’s biggest economic engines continued to grapple with weak demand and laggard private spending.