Adam Turnquist, LPL's Chief Technical Strategist, remarked, "Technical indicators are showing signs of a potential turnaround in Chinese equity markets."
US stock markets reach new highs on strong earnings. Asian markets mostly gain, led by Japan's Nikkei 225. European markets trade mixed. Crude oil and gold prices fluctuate.
Alibaba Group has decided to put the IPOs of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions.
China's Tencent Holdings ADR (OTC: TCEHY) is reportedly developing a mobile version of the popular action role-playing game "Elden Ring" by FromSoftware, in a bid to
Square Enix Holdings Co Ltd (OTC: SQNXF) is poised to revamp its game development strategy following stagnant sales despite the release of Final Fantasy 16.