Chinese stocks break a two-decade trend, and that could signal more downside

Chinese tech stocks wiped out, but one could be a buy 3:41 PM ET Thu, 18 Oct 2018 | 04:06The Chinese stock market is getting wiped out. That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one technician. “From a technical perspective, the next area of support that would come into play on the Shanghai Composite would be around 2,000. So far, the S&P 500 has mostly resisted the severity of sell-offs seen in Chinese stocks. There is one Chinese tech name tha


Chinese tech stocks wiped out, but one could be a buy 3:41 PM ET Thu, 18 Oct 2018 | 04:06The Chinese stock market is getting wiped out. That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one technician. “From a technical perspective, the next area of support that would come into play on the Shanghai Composite would be around 2,000. So far, the S&P 500 has mostly resisted the severity of sell-offs seen in Chinese stocks. There is one Chinese tech name tha
Chinese stocks break a two-decade trend, and that could signal more downside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: keris lahiff, getty images, brendan mcdermid, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, twodecade, signal, trend, chinese, break, gilbert, stock, wiped, market, shanghai, alibaba, stocks, downside, composite, ultimately


Chinese stocks break a two-decade trend, and that could signal more downside

Chinese tech stocks wiped out, but one could be a buy 3:41 PM ET Thu, 18 Oct 2018 | 04:06

The Chinese stock market is getting wiped out.

China’s Shanghai Composite sank to four-year lows this week, while the so-called BATS stocks — Baidu, Alibaba, Tencent and Sina — have suffered heavy losses this month.

That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one technician.

“There’s been a very long-term uptrend that’s been intact since 1996, and the recent price action on the Shanghai Composite is now violating this,” Craig Johnson, chief market technician at Piper Jaffray, said on “Trading Nation” on Thursday.

“From a technical perspective, the next area of support that would come into play on the Shanghai Composite would be around 2,000. That’s about 20 percent lower from here, so still significant downside left to go,” said Johnson.

As of Thursday’s close, the Shanghai was 30 percent below its 52-week high, pushing it deep into a bear market. Another 20 percent drop would drag it 44 percent from the year’s highs. It rose 2.58 percent on Friday, even though China’s latest GDP report was lower than expected.

“Are you going to continue to see the Shanghai come down, [and] will that ultimately affect the U.S. equities? From my perspective I think the answer is ultimately yes it will,” said Johnson.

So far, the S&P 500 has mostly resisted the severity of sell-offs seen in Chinese stocks. The index is down 5 percent this month, around half the drop on the Shanghai Composite. The FXI China large-cap ETF has fallen nearly 10 percent.

There is one Chinese tech name that could be worth a second look, according to Stacey Gilbert, market strategist at Susquehanna.

“Alibaba would be the name that I would highlight,” Gilbert said on “Trading Nation” on Thursday. “China has huge and growing e-commerce, and we believe that this is going to be the winner, Alibaba will win. There’s no doubt about that.”

Alibaba posted 60 percent sales growth in its most recent March-ended fiscal year. It has reported double-digit revenue increases for every year since its U.S. market debut in 2014.

“There are two ways you could play it,” Gilbert said. “Set it and forget, just buy the stock, don’t look at it again. … The alternative is buying calls.”

Gilbert says an in-the-money call in Alibaba shares would provide upside exposure while limiting downside risk. Although elevated volatility has made it more expensive, Gilbert says it is not elevated relative to ETFs that contain the stock.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: keris lahiff, getty images, brendan mcdermid, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, twodecade, signal, trend, chinese, break, gilbert, stock, wiped, market, shanghai, alibaba, stocks, downside, composite, ultimately


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Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information


Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent. In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90. The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information
Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
Keywords: news, cnbc, companies, shenzhen, day, fell, dropped, asia, shanghai, close, nearly, markets, nikkei, topples, end, stocks, index, crumble, composite, declines


Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Asia markets fell sharply on Thursday, with the stock indexes in Shanghai and Shenzhen both tumbling more than 5 percent.

In the Greater China region, the Hang Seng index was down by 3.88 percent in afternoon trade. Over on the mainland, the Shanghai composite fell 5.22 percent to close at 2,583.46 and the Shenzhen composite plunged 6.445 percent to end at 1,293.90.

The fall in the Shanghai index was its worst day since February 2016, according to Chinese financial services firm Wind Information.

In Taiwan, the tech-heavy Taiex dropped by 6.31 percent to close at 9,806.11, with shares of lens maker and Apple supplier Largan Precision plunging 9.89 percent.

Japan’s markets also faltered. The Nikkei 225 dropped by 3.89 percent to close at 22,590.86 while the Topix index declined by 3.52 percent to end the trading day at 1,701.86, with major sectors down.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: eustance huang
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China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders

US-China trade tensions are the ‘tip of the iceberg,’ analyst says 5 Hours Ago | 02:26On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend. The Shanghai composite fell 3.72 percent to close at around 2,716.51 — which marked its largest decline since June 19, according to Chinese financial services firm Wind Information. The People’s Bank of China announced on Sunday it was cutting the r


US-China trade tensions are the ‘tip of the iceberg,’ analyst says 5 Hours Ago | 02:26On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend. The Shanghai composite fell 3.72 percent to close at around 2,716.51 — which marked its largest decline since June 19, according to Chinese financial services firm Wind Information. The People’s Bank of China announced on Sunday it was cutting the r
China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-08  Authors: eustance huang
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China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders

US-China trade tensions are the ‘tip of the iceberg,’ analyst says 5 Hours Ago | 02:26

On Monday, the Shanghai market posted its worst daily performance in months on Monday after the central bank cut the reserve requirement for banks over the weekend.

The Shanghai composite fell 3.72 percent to close at around 2,716.51 — which marked its largest decline since June 19, according to Chinese financial services firm Wind Information. The Shenzhen composite dropped by 3.834 percent to end at about 1,386.28 on the first trading day since the Golden Week holidays ended. As of 3:21 p.m. HK/SIN, Hong Kong’s Hang Seng index traded lower by 1.2 percent.

The People’s Bank of China announced on Sunday it was cutting the reserve requirement ratio (RRR) — or the amount of cash that banks have to hold as reserves — by 100 basis points effective Oct. 15. The RRR is currently 15.5 percent for large commercial banks and 13.5 percent for smaller lenders.

The move by China’s central bank, its fourth in 2018, came amid concerns about the economic impact of Beijing’s ongoing trade war with Washington.


Company: cnbc, Activity: cnbc, Date: 2018-10-08  Authors: eustance huang
Keywords: news, cnbc, companies, central, 37, trade, requirement, markets, cuts, bank, ratio, composite, worst, china, shanghai, fall, reserve, lenders, banks, rrr


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Asia markets down after Fed Chair Powell spurs Wall Street declines

The Nikkei 225 in Japan ended the trading day lower by 0.99 percent at 23,796.74, with most sectors closing lower. In the Greater China region, Hong Kong’s Hang Seng index was lower by 0.3 percent as of 3:15 p.m. HK/SIN. The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07) per share, remained lower at HK$26.45 per share in the afternoon. T


The Nikkei 225 in Japan ended the trading day lower by 0.99 percent at 23,796.74, with most sectors closing lower. In the Greater China region, Hong Kong’s Hang Seng index was lower by 0.3 percent as of 3:15 p.m. HK/SIN. The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07) per share, remained lower at HK$26.45 per share in the afternoon. T
Asia markets down after Fed Chair Powell spurs Wall Street declines Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: eustance huang
Keywords: news, cnbc, companies, shares, wall, spurs, share, composite, trend, declines, close, markets, chair, lower, asia, bank, hong, kong, powell, fed, china, street


Asia markets down after Fed Chair Powell spurs Wall Street declines

Asia markets were largely negative on Thursday, on the back of U.S. Federal Reserve Chairman Jerome Powell’s comments on inflation after the central bank decided to increase interest rates.

The Nikkei 225 in Japan ended the trading day lower by 0.99 percent at 23,796.74, with most sectors closing lower.

Down Under, the ASX 200 slipped by 0.18 percent to close at 6,181.2, with shares of Commonwealth Bank of Australia lower by 0.14 percent.

In the Greater China region, Hong Kong’s Hang Seng index was lower by 0.3 percent as of 3:15 p.m. HK/SIN. The Hong Kong stock exchange saw another highly anticipated listing on Thursday with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.80 Hong Kong dollars ($4.07) per share, remained lower at HK$26.45 per share in the afternoon.

The Shanghai composite fell by 0.54 percent to close at 2,791.78 while the Shenzhen composite slid by 1.26 percent to 1,429.61.

In South Korea, the Kospi bucked the overall trend to close higher by 0.7 percent at 2,355.43, with shares of industry heavyweight Samsung Electronics advancing by 0.21 percent.


Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: eustance huang
Keywords: news, cnbc, companies, shares, wall, spurs, share, composite, trend, declines, close, markets, chair, lower, asia, bank, hong, kong, powell, fed, china, street


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Asia markets higher despite Trump’s comments on trade

Asia markets saw gains on Wednesday, despite the White House’s restatement of its tough stance on trade. Down Under, the ASX 200 pared some of its gains but still closed higher by 0.1 percent at 6,192.3, with major miner Rio Tinto advancing by 1.16 percent while BHP Billiton was higher by 1.17 percent. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Over on the mainland, the Shanghai composite closed higher by 0.92 percent at around 2,8


Asia markets saw gains on Wednesday, despite the White House’s restatement of its tough stance on trade. Down Under, the ASX 200 pared some of its gains but still closed higher by 0.1 percent at 6,192.3, with major miner Rio Tinto advancing by 1.16 percent while BHP Billiton was higher by 1.17 percent. In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Over on the mainland, the Shanghai composite closed higher by 0.92 percent at around 2,8
Asia markets higher despite Trump’s comments on trade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-26  Authors: eustance huang
Keywords: news, cnbc, companies, markets, trade, index, asia, composite, earlier, trumps, closed, hong, public, comments, higher, traded, gains, despite


Asia markets higher despite Trump's comments on trade

Asia markets saw gains on Wednesday, despite the White House’s restatement of its tough stance on trade.

The Nikkei 225 recovered from its losses in the morning to end higher by 0.39 percent at 24,033.79. The Topix index, on the other hand, rose from its earlier low to close largely flat at 1,821.67.

Down Under, the ASX 200 pared some of its gains but still closed higher by 0.1 percent at 6,192.3, with major miner Rio Tinto advancing by 1.16 percent while BHP Billiton was higher by 1.17 percent.

In Greater China markets, Hong Kong’s Hang Seng index traded higher by 1.24 percent as of 3:15 p.m. HK/SIN. Hotpot chain Haidilao, which went public on Wednesday, traded at 17.88 Hong Kong dollars ($2.28) per share after reaching a high of HK$19.64 earlier. Its issue price was at HK$17.80 per share.

Over on the mainland, the Shanghai composite closed higher by 0.92 percent at around 2,806.82 while the Shenzhen composite advanced by 0.733 percent at about 1,447.85.

South Korean markets were closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-09-26  Authors: eustance huang
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Asia stocks fall following US political uncertainty, trade tensions

Asia markets were broadly negative on Tuesday morning, following the Dow Jones Industrial Average’s fall overnight amid political uncertainty in the U.S. In Australia, the ASX 200 suffered further losses to trade down by 0.25 percent as its major banks slid. Commonwealth Bank of Australia shares traded lower by 0.75 percent while Westpac Banking Corp fell by 1.1 percent. Mainland China markets fell following Monday’s public holiday. The Shanghai composite was down by 0.54 percent in the morning


Asia markets were broadly negative on Tuesday morning, following the Dow Jones Industrial Average’s fall overnight amid political uncertainty in the U.S. In Australia, the ASX 200 suffered further losses to trade down by 0.25 percent as its major banks slid. Commonwealth Bank of Australia shares traded lower by 0.75 percent while Westpac Banking Corp fell by 1.1 percent. Mainland China markets fell following Monday’s public holiday. The Shanghai composite was down by 0.54 percent in the morning
Asia stocks fall following US political uncertainty, trade tensions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-25  Authors: eustance huang
Keywords: news, cnbc, companies, trade, public, australia, composite, morning, stocks, losses, fell, westpac, following, markets, uncertainty, political, fall, tensions, asia


Asia stocks fall following US political uncertainty, trade tensions

Asia markets were broadly negative on Tuesday morning, following the Dow Jones Industrial Average’s fall overnight amid political uncertainty in the U.S.

In Australia, the ASX 200 suffered further losses to trade down by 0.25 percent as its major banks slid. Commonwealth Bank of Australia shares traded lower by 0.75 percent while Westpac Banking Corp fell by 1.1 percent.

Mainland China markets fell following Monday’s public holiday. The Shanghai composite was down by 0.54 percent in the morning while the Shenzhen composite also slipped by around 0.64 percent.

The Nikkei 225, on the other hand, made a recovery from its earlier losses to trade up by 0.12 percent, with semiconductor manufacturer Tokyo Electron rising 2.26 percent.

Markets in Hong Kong and South Korea are closed for public holidays.


Company: cnbc, Activity: cnbc, Date: 2018-09-25  Authors: eustance huang
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The Hindenburg omen — a questionable crash indicator still riding 1987 fame — has been triggered

The “Hindenburg Omen,” an ominous technical indicator that stokes chatter about a market crash possibly looming in the near future, has been triggered. MKM’s JC O’Hara said the signal was triggered last week at the New York Stock Exchange. Finally, new 52-week highs in an exchange must be less than or equal to twice the new 52-week lows in an exchange. But O’Hara notes this may be more of a reflection of weakness overseas than a market crash looming. “As the NYSE composite is above its rising 50


The “Hindenburg Omen,” an ominous technical indicator that stokes chatter about a market crash possibly looming in the near future, has been triggered. MKM’s JC O’Hara said the signal was triggered last week at the New York Stock Exchange. Finally, new 52-week highs in an exchange must be less than or equal to twice the new 52-week lows in an exchange. But O’Hara notes this may be more of a reflection of weakness overseas than a market crash looming. “As the NYSE composite is above its rising 50
The Hindenburg omen — a questionable crash indicator still riding 1987 fame — has been triggered Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: fred imbert, sam shere, getty images
Keywords: news, cnbc, companies, ohara, crash, fame, market, hindenburg, technical, 52week, composite, lows, riding, triggered, omen, questionable, 1987, stocks, york, indicator, exchange


The Hindenburg omen — a questionable crash indicator still riding 1987 fame — has been triggered

The “Hindenburg Omen,” an ominous technical indicator that stokes chatter about a market crash possibly looming in the near future, has been triggered. However, the signal may be wrong this time because it’s getting skewed by international stocks, which are more prevalent today, according to a technical analyst at MKM Partners.

MKM’s JC O’Hara said the signal was triggered last week at the New York Stock Exchange. For this to happen, four criteria must be met, O’Hara said:

First, the 10-week moving average of the exchange’s composite index must be rising.

Second, the number of stocks making new 52-week highs and lows must both exceed 2.2 percent of the total issues traded in an exchange.

Third, the McClellan oscillator — a measure of market breadth based on advancing and declining stocks — must be negative that day.

Finally, new 52-week highs in an exchange must be less than or equal to twice the new 52-week lows in an exchange.

Source: MKM Partners

These criteria were all met on Sept. 11 at the New York Stock Exchange. But O’Hara notes this may be more of a reflection of weakness overseas than a market crash looming.

“As the NYSE composite is above its rising 50-day moving average, many securities within the index have made new 52-week lows,” he said in a note to clients. “Those securities are predominately ADRs, representing international companies. Of the 2,000+ stocks within the NYSE Composite, 360 are foreign listings.”


Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: fred imbert, sam shere, getty images
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China’s stock market is still immature so volatility is to be expected, former PBOC governor says

Volatility in the Chinese stocks is set to continue as investors and officials become more accustomed to the market and the economy matures, Zhou Xiaochuan, the former People’s Bank of China (PBOC) governor, told CNBC Tuesday. “The Chinese stock market is still in the initial stage of development and the total market capitalization is becoming bigger and bigger, but the quality of the stock market still has some problems (such as) the transparency, the supervision, the maturity of the investors


Volatility in the Chinese stocks is set to continue as investors and officials become more accustomed to the market and the economy matures, Zhou Xiaochuan, the former People’s Bank of China (PBOC) governor, told CNBC Tuesday. “The Chinese stock market is still in the initial stage of development and the total market capitalization is becoming bigger and bigger, but the quality of the stock market still has some problems (such as) the transparency, the supervision, the maturity of the investors
China’s stock market is still immature so volatility is to be expected, former PBOC governor says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-11  Authors: holly ellyatt
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China's stock market is still immature so volatility is to be expected, former PBOC governor says

Volatility in the Chinese stocks is set to continue as investors and officials become more accustomed to the market and the economy matures, Zhou Xiaochuan, the former People’s Bank of China (PBOC) governor, told CNBC Tuesday.

“The Chinese stock market is still in the initial stage of development and the total market capitalization is becoming bigger and bigger, but the quality of the stock market still has some problems (such as) the transparency, the supervision, the maturity of the investors and whether they know what they are doing,” he told CNBC’s Geoff Cutmore at the Eastern Economic Forum (EEF) in Vladivostok, Russia.

China’s indexes reached an all-time high in 2007 but came close to that record during the mid point of the current decade. China’s Shanghai composite index has seen a 47 percent fall since mid-2015 while Shenzhen’s composite has seen a 55 percent decline. Investor jitters in recent years have pertained to whether China, the second largest economy in the world, could experience a “hard landing” in terms of economic growth.


Company: cnbc, Activity: cnbc, Date: 2018-09-11  Authors: holly ellyatt
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US stocks struggle for gains as US-Canada trade talks near deadline

U.S. stocks struggled for gains Friday as the United States and Canada neared a key trade agreement deadline with no apparent resolution. The S&P 500 also added less than 0.1 percent while the Nasdaq Composite gained 0.2 percent thanks to strength in Apple and Amazon. Apple gained 1 percent Friday while Amazon gained 0.6 percent. Friday marks the U.S.-imposed deadline for a new trade deal to be secured by the U.S., Mexico and Canada. While the United States and Mexico announced a bilateral trade


U.S. stocks struggled for gains Friday as the United States and Canada neared a key trade agreement deadline with no apparent resolution. The S&P 500 also added less than 0.1 percent while the Nasdaq Composite gained 0.2 percent thanks to strength in Apple and Amazon. Apple gained 1 percent Friday while Amazon gained 0.6 percent. Friday marks the U.S.-imposed deadline for a new trade deal to be secured by the U.S., Mexico and Canada. While the United States and Mexico announced a bilateral trade
US stocks struggle for gains as US-Canada trade talks near deadline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-31  Authors: thomas franck, alexandra gibbs, drew angerer, getty images news, getty images
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US stocks struggle for gains as US-Canada trade talks near deadline

U.S. stocks struggled for gains Friday as the United States and Canada neared a key trade agreement deadline with no apparent resolution.

The Dow Jones Industrial average rose 9 points, with Apple, 3M and Home Depot leading the blue-chips stocks higher. The S&P 500 also added less than 0.1 percent while the Nasdaq Composite gained 0.2 percent thanks to strength in Apple and Amazon.

Both the Nasdaq Composite and the S&P 500 notched all-time highs this week, with a 5.8 percent weekly rally in Amazon and a 5.2 weekly gain in Apple carrying the indexes to new records.

Apple gained 1 percent Friday while Amazon gained 0.6 percent.

Despite Friday’s mixed results, Wall Street is set to conclude a bullish month.

The Dow and the S&P 500 remain on track for their best August since 2014; the Nasdaq Composite was poised to clinch its best August since 2000. The indexes were up 2.2 percent, 3 percent and 5.4 percent for the month, respectively, before the opening bell.

Friday marks the U.S.-imposed deadline for a new trade deal to be secured by the U.S., Mexico and Canada. While the United States and Mexico announced a bilateral trade deal on Monday, Canada has yet to secure its place.

Representatives from the Canadian and U.S. governments worked deep into the night Thursday to devise an alternative to the trade agreement, though Canada’s trade minister said they are still working to “get the right deal, not any deal,” according to Reuters.

Trade concerns continued to weigh on investor sentiment this week following a report that the Trump administration remains committed to imposing tariffs on an additional $200 billion worth of Chinese goods as soon as next week.

“We had the headline news on the tariffs, which knocked some things around, but we’ll see how the day plays out as people start going away” for the Labor Day holiday, said Jeremy Klein, chief market strategist at FBN Securities. “In September, it’s going to come down to how the economy’s doing: Are companies still confident in their ability to put up the big numbers?”


Company: cnbc, Activity: cnbc, Date: 2018-08-31  Authors: thomas franck, alexandra gibbs, drew angerer, getty images news, getty images
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Struggling Chinese stocks may cheer news of increased inclusion on a widely followed index

Index provider MSCI said in its most recent quarterly index review that it will be proceeding with the second phase of partial inclusion of China A shares, referring to stocks traded in mainland China, in the MSCI Emerging Markets Index and other indexes. As part of that, the company is adding an additional 2.5 percent of the market capitalization of the stocks included in the index. Ten A shares will also be added as part of the review, taking the total number of A shares in the MSCI China Inde


Index provider MSCI said in its most recent quarterly index review that it will be proceeding with the second phase of partial inclusion of China A shares, referring to stocks traded in mainland China, in the MSCI Emerging Markets Index and other indexes. As part of that, the company is adding an additional 2.5 percent of the market capitalization of the stocks included in the index. Ten A shares will also be added as part of the review, taking the total number of A shares in the MSCI China Inde
Struggling Chinese stocks may cheer news of increased inclusion on a widely followed index Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-14  Authors: cheang ming, vcg, visual china group, getty images
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Struggling Chinese stocks may cheer news of increased inclusion on a widely followed index

Chinese equities have stumbled this year, but a recent development might have the ability to provide some relief in the near term.

Index provider MSCI said in its most recent quarterly index review that it will be proceeding with the second phase of partial inclusion of China A shares, referring to stocks traded in mainland China, in the MSCI Emerging Markets Index and other indexes.

As part of that, the company is adding an additional 2.5 percent of the market capitalization of the stocks included in the index. Ten A shares will also be added as part of the review, taking the total number of A shares in the MSCI China Index to 236 and representing 0.75 percent of the MSCI Emerging Markets Index.

MSCI will also be making 13 additions to its China All Shares Index. Those companies included China Shenhua Energy, China United Network Communications and Hengli Petrochemical, as well as telecommunications equipment maker ZTE. The changes will be implemented at the end of August.

While the news is not expected to be a major game changer, given how around 230 A shares were first included in the key global index in June, it could prove to be good news to Chinese markets, which have tanked this year.

“I would say that because it’s mostly expected, I think the positive impact on the Chinese market would be marginal, but then because the market here has fallen substantially, so any foreign money coming in would be a help to stabilize the Chinese stock market,” Hao Hong, head of research at Bank of Communications International, told CNBC’s Dan Murphy.

Chinese equities have been among the worst performers globally this year amid the slowing Chinese economy and the country’s ongoing trade dispute with the U.S.

Both the Shanghai Composite and Shenzhen Composite were in bear market territory at the end of Monday. The Shanghai benchmark was down more than 22 percent from its 52-week high at the previous market close.

Even though the Shanghai share average remained stuck in a downtrend, Hao suggested that some near-term upside is a possibility.

“I think the downward trend is intact, but then I think in the near term, because the market is so oversold, and also because we’re detecting some policy shift from the top, so I wouldn’t be surprised to see some consolidation or even a small technical rebound from here,” he said

As of late Tuesday morning, the Shanghai Composite was trading lower by 0.52 percent and the smaller Shenzhen Composite eased 0.67 percent.


Company: cnbc, Activity: cnbc, Date: 2018-08-14  Authors: cheang ming, vcg, visual china group, getty images
Keywords: news, cnbc, companies, shares, struggling, inclusion, china, composite, shanghai, followed, market, widely, increased, markets, stocks, msci, index, think, cheer, chinese


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