U.S.-listed Chinese firms trade mostly higher
U.S.-listed Chinese companies traded mostly higher on Monday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note. Shares of Pinduoduo and BeiGene went up 4.77 percent and 1.64 percent, respectively, leading the advancers in the top 10 stocks. Shares of…
Morning Report Tuesday,16 August 2022
Latest news In US economic data, the Empire State manufacturing index fell from +11.1 points to -31.3 points in August (+5 points). The NAHB Housing Market index fell from 55 to 49 in August (survey: 55). In China economic data, retail sales rose 2.7 per cent in the year to July (survey: +5 per cent)….
Evening Report
Latest News The Aussie sharemarket kicked the week off in positive territory, with the ASX 200 adding 31.8pts or 0.45 per cent, to 7064.3. Nine of 11 sectors were up today, with stocks in the Property sector lifting most. Mining stocks were up by as much as 1.8 per cent earlier in the session, but…
Google LLC to pay $60 million for misleading representations
The Federal Court has ordered Google LLC to pay $60 million in penalties for making misleading representations to consumers about the collection and use of their personal location data on Android phones between January 2017 and December 2018, following court action by the ACCC. The Court previously found that Google LLC and Google Australia Pty…
Hong Kong stock connect programs increase trading days
China will increase the trading days of the stock connect programs between the mainland and Hong Kong in the country’s latest move to open up the capital markets, the country’s top securities regulator announced Friday. Trading days of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect that were formerly closed due to…
Automaker Chery posts strong sales in Jan-July
Chinese automaker Chery Holding Group Co., Ltd. reported strong sales in the first seven months of 2022, according to the company’s report. Chery sold 606,783 vehicles in the January-July period, up 19.3 percent year on year. Among the sales, the exports reached 198,859 vehicles. In July alone, Chery sold 131,533 vehicles, up 57.7 percent year…
China’s EV charging points revolution
The number of new charging points for electric vehicles (EVs) in China grew at a fast clip in July to meet the charging demand of the country’s ballooning EV community, industrial data showed. By the end of July, the country had about 3.98 million charging facilities, nearly double the number one year ago, according to…
Wellness industry director charged for making false statements
Tatiana De Oliveira, also known as Tatiano De Oliveira, of Byron Bay, New South Wales, has been charged with making a false or misleading statement to ASIC. Between 8 June 2018 to 21 August 2020, Mr De Oliveira was the sole director of Shiera Wellbeing Centre Pty Ltd (ACN 626 309 939), a Brisbane-based business…
You Ready to Let the Dogs Out?
The great unwind in monetary stimulus has led and will continue to lead equity market weakness, especially in the highest multiple parts of the market. July, however, proved a sharp exception to the trend, although we suspect this conjuring trick will not prove durable as short rates continue to rise and earnings falter through the…
Foreign trade of east China’s Jiangxi up 45.2 pct in Jan.
East China’s Jiangxi Province reported a robust 45.2 percent increase in foreign trade in the first seven months to 385.21 billion yuan (about 57.14 billion U.S. dollars), official data showed. Among the total foreign trade volume, exports rose 54.6 percent year on year to 299.42 billion yuan, while imports went up 19.9 percent to 85.79…
