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Market Shrugs Off Potential Delisting Of Chinese Stocks
Thursday, June 4, 2020 - 12:47pm | 806Read More...U.S.-listed Chinese stocks were rattled in late May when the Senate passed a bill that would crack down on Chinese stocks, forcing them to prove they are not controlled by foreign governments and increasing their financial transparency. While investors of stocks such as Alibaba Group Holding...
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HSBC Backs China's New National Security Law For Hong Kong As It Seeks Stability In Key Market
Thursday, June 4, 2020 - 10:01am | 294Read More...HSBC Holdings plc (NYSE: HSBC) has publicly backed China's controversial national security law for semi-autonomous city Hong Kong, Reuters reported Wednesday. What Happened The Asia Chief Executive at Europe's largest bank, Peter Wong, signed a petition backing the law aimed at further...
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Here's Why Nio Shares Are Rallying To A Multi-Month High
Wednesday, June 3, 2020 - 12:14pm | 614Read More...Nio Inc – ADR (NYSE: NIO) shares have been heading higher since Wednesday's open and are perched at their highest level since late January. Goldman Sachs Turns Bullish On Nio Goldman Sachs analyst Fei Fang upgraded Nio from Neutral to Buy with a $6.40 price target on Wednesday....
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Google Takes Down 'Remove China Apps' With 5M Downloads
Wednesday, June 3, 2020 - 9:02am | 364Read More...Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) on Tuesday took down an app from Play Store that assisted users in finding and deleting which apps on their devices were developed by China-based companies. What Happened "Remove China Apps" had amassed more than 5 million users since late May...
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Marvell Tech CEO Says Chinese Markets Picking Pace A Sign Of Coming Rebound In Autos
Wednesday, June 3, 2020 - 8:28am | 337Read More...Marvell Technology’s (NASDAQ: MRVL) CEO Matt Murphy appeared on CNBC’s “Mad Money” on Tuesday and said he was optimistic about a recovery in the automotive market. What Happened Pointing at China as a source for his positive stance on the automotive market, Murphy said,...
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China To Build $20B Mega Petrochemical Project In Its Shandong Province Oil Hub
Tuesday, June 2, 2020 - 8:40am | 260Read More...China’s state planner has given the initial go-ahead for a $20 billion refinery and petrochemical project to be built on the country’s east coast in Shandong province. What Happened The Shandong provincial government has got the initial approval from China’s National...
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Apple Cuts iPhone Prices in China To Push Sales As Country Reopens Economy
Tuesday, June 2, 2020 - 12:35am | 364Read More...Apple Inc. (NASDAQ: AAPL) has cut prices on the latest iPhone models in China. This comes ahead of a big online shopping festival with the Chinese economy picking up steam after COVID-19 lockdowns. What Happened Apple’s channel partners Alibaba Group Holding Ltd (NYSE: BABA) owned e-commerce...
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Pro Investor Says Market Isn't Pricing In China Risks
Monday, June 1, 2020 - 5:22pm | 435Read More...Tensions between the U.S. and China has been "bubbling up" over the past few weeks and represents a new set of risks that aren't priced into the market at current levels, Wilmington Trust head of investment strategy Meghan Shue said on CNBC's "Trading Nation." What...
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Remember The trade War? It's Back And At Risk Of Escalating
Monday, June 1, 2020 - 3:15pm | 1514Read More...The U.S.-China Phase One trade deal is not dead, but it is on life support. The two superpowers' deteriorating relations in the wake of a Chinese security law covering Hong Kong has implications for container, tanker, dry bulk and gas shipping demand, as well as shipping stocks. President Donald...
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Nio CEO Says Tesla An Ally In Increasing Sales, Remains Bullish On Chinese EV Market Growth
Monday, June 1, 2020 - 7:15am | 405Read More...Nio Inc. - ADR (NYSE: NIO) Chief Executive Officer William Li on Sunday told Bloomberg that the Chinese electric vehicles maker sees rival Tesla Inc. (NASDAQ: TSLA) more as an ally than a competitor. What Happened "We do compete against each other, but in general we are allies," Li said,...
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House Republicans To Introduce Bill Banning Investments In China-Linked Foreign Defense Companies
Monday, June 1, 2020 - 5:33am | 369Read More...Three Republican lawmakers in the House of Representatives are planning to unveil new legislation aimed at curbing United States investment into Chinese military-linked defense companies later this week, Reuters reported Monday. What Happened The bill, prepared by Wisconsin Representative Mike...
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4 Key Takeaways From Trump's China Presser: Hong Kong, WHO And More
Friday, May 29, 2020 - 4:05pm | 306Read More...President Donald Trump on Friday afternoon announced a number of changes concerning the World Health Organization and Hong Kong. Among the key takeaways, the "phase one" trade deal with China remains intact. 1. Hong Kong Loses Its Special Status Hong Kong will lose its special status and...
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Chinese Parliament To Impose National Security Laws That Will End Hong Kong Autonomy
Friday, May 29, 2020 - 5:54am | 419Read More...In a move that can be construed as ending Hong Kong’s autonomy, the parliament of China has passed controversial national security laws for the territory, similar to the ones in place on the mainland. What Happened China’s parliament, the National People’s Congress, ...
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Hong Kong No Longer Autonomous, Secretary Of State Mike Pompeo Tells Congress
Thursday, May 28, 2020 - 8:40am | 339Read More...Secretary of State Mike Pompeo told Congress Wednesday that Hong Kong was no longer autonomous from China, a determination that could affect the region’s trade relationship with the United States. What Happened The State Department is required under a pro-democracy law passed late last year,...
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Nio Reports Mixed Q1 Results, Chinese EV Manufacturer Guides To Strong Q2
Thursday, May 28, 2020 - 7:47am | 605Read More...Nio Inc's – ADR (NYSE: NIO) first-quarter revenue missed estimates Thursday, but the bottom line exceeded expectations on cost control. The company has bounced back strongly off the COVID-19 pandemic and guided to a better second quarter than anticipated by the Street. Nio's Top...
