Evergrande Liquidation’s ‘Snowball Effect’: What’s Next For China’s Troubled Real Estate Sector?
Hong Kong court orders liquidation of China Evergrande, biggest real estate developer, sending shockwaves through financial community.
Asia, Europe Markets Mixed, Crude Oil Tops $78, Gold Rises – Global Markets Today While US Was Sleeping
US stocks closed mixed on Friday, with Intel's weak forecast dragging down the S&P 500. Asian markets mostly up, while European markets flat.
China Plans Merger Of State-Owned Bad Debt Managers With Sovereign Wealth Fund Amid Stock Market Turbulence
The merger aims to boost the inherent stability of China's capital markets and restore investor confidence. The news comes in the wake of a recent announcement by China's securities regulator, stating that the lending of restricted shares would be suspended from Monday.
China’s Evergrande Shares Halted As Hong Kong Court Orders Liquidation Of World’s Most Indebted Developer With Over $300B In Liabilities
The shares of China Evergrande (OTC:EGRNQ) were temporarily suspended after a Hong Kong court issued a liquidation order…
Japan and Hong Kong Index Drag Asia Lower, Europe Rises, While Crude Oil Nears $77 – Global Markets Today While US Was Sleeping
On Thursday, January 25th, U.S. stock markets closed higher, with the S&P 500 index hitting a record high…
Asia Markets Mostly Higher As China Shines, Europe Dips, Crude Oil Touches $76 – Global Markets Today While US Was Sleeping
On Wednesday, January 24th, U.S. stock markets closed mixed, with the S&P 500 reaching its fourth consecutive record-breaking…
Ripples From Tesla’s Woes Reach Asia’s EV Suppliers After Q4 Results
Tesla's disappointing Q4 results have led to a drop in its stock prices and those of its Asian suppliers and EV competitors, including BYD and Nio.
Li Auto Strikes Back At Tesla’s Snub With Performance Test Victory
The Li Mega outdistanced the Tesla Model X by finishing the test with 14% battery remaining, indicating a real-world range of 636 kilometers.
Apple Outshines Huawei In China As iPhone Emerges Victorious Despite Local Competition And Government Ban
For the first time, Apple's iPhone series topped the charts in China's smartphone market in 2023. This achievement is particularly noteworthy given the escalating tensions between the U.S. and China, which have led to a series of bans on Apple products in the country.
Chinese Stocks Rally As Beijing Goes All-In On Financial Support, Squeezes Short Sellers
Chinese equities surge on government's plans to inject 2 trillion yuan and restrict short selling, signaling potential market recovery.