(Bloomberg) — A stock-market indicator is flashing an extremely rare signal that suggests Hong Kong has hit the bottom after years of Covid restrictions, a tech industry crackdown and a property-market implosion in China. Strategists who study charts this week spotted an event that last happened 55 years ago: a so-called crossover on a graph […]
Read More(Bloomberg) — A US-listed exchange-traded fund that tracks Chinese stocks drew in cash at a record pace after the easing of the nation’s Covid restrictions and signs Beijing is ending its year-long regulatory crackdown on tech companies. Investors poured almost $270 million into the $7.2 billion iShares MSCI China ETF (MCHI) Tuesday, the biggest daily […]
Read More(Bloomberg) — Just as worries from the fallout of Russia’s invasion of Ukraine and surging Covid cases pummel Chinese stocks, a local hedge fund that jumped almost 30 times over the past five years by picking undervalued shares is ready to dive in. Guangdong Zhengyuan Private Fund Investment Management Co., which saw its assets surge […]
Read More(Bloomberg) — A selloff across Chinese equities deepened on Tuesday as concerns about the country’s ties with Russia and persistent regulatory pressure sent shares on a downward spiral. The Hang Seng China Enterprises Index, which tracks Chinese shares listed in Hong Kong, sank 6.6%, following a plunge in the previous session that was the biggest […]
Read More(Bloomberg) — The relentless selloff in Chinese technology stocks continued in Hong Kong on Monday as a lockdown in Shenzhen, a key sector hub, added to investor angst over geopolitical and regulatory risks. The Hang Seng Tech Index slumped as much as 6.5% in early trade, with the sector again at the forefront of losses […]
Read More(Bloomberg) — A bout of fresh volatility is hitting Chinese equities, evoking memories of the 2018 meltdown, as the war in Ukraine threatens to complicate the Asian nation’s plans to ease policy and potentially worsen its already strained relations with the U.S. Traders were taken for a wild ride on Wednesday as stock benchmarks in […]
Read More