Asia stocks decline amid fears of slowing US economy

Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments. Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to e


Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing. Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments. Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to e
Asia stocks decline amid fears of slowing US economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: eustance huang
Keywords: news, cnbc, companies, slipped, shed, shares, investors, slowing, shenzhen, asia, close, rose, negotiations, trade, fears, economy, markets, stocks, amid, decline


Asia stocks decline amid fears of slowing US economy

Major Asian stock markets closed lower on Friday, following the release of U.S. retail data overnight which raised concerns over a slowing American economy. Investors await developments from the ongoing U.S-China trade negotiations in Beijing.

Mainland Chinese markets saw losses on the day. The Shanghai composite slipped 1.37 percent to close at 2,682.38 while the Shenzhen component declined 1.148 percent to finish its trading day at 8,125.63. The Shenzhen composite also declined 0.67 percent to close at 1,389.47..

Hong Kong’s Hang Seng index slipped 1.91 percent in its final hour of trading.

The moves came after Chinese inflation data for January missed expectations, coming in at 1.7 percent higher as compared to a year ago, the National Bureau of Statistics said on Friday. Economists polled by Reuters were expecting China’s Consumer Price Index to come in at 1.9 percent higher on year. December CPI — a gauge of prices for goods and services — rose 1.9 percent over the same period.

Meanwhile, high level trade negotiations between China and the U.S. continued in Beijing as investors watched closely for developments.

Elsewhere in Asia, Japan’s Nikkei 225 was down 1.13 percent to close at 20,900.63 while the Topix shed 0.79 percent to end at 1,577.29. Shares of Japanese conglomerate Softbank Group fell 4.4 percent.

South Korea’s Kospi shed 1.34 percent to close at 2,196.09 as shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix fell 3.05 percent and 4.65 percent, respectively.

Australia’s ASX 200 bucked the overall trend in the region as it rose 0.11 percent to close at 6,066.10. The energy subindex rose 0.76 percent as oil stocks mostly gained. Santos advanced 0.75 percent, Woodside Petroleum gained 1.49 percent and Beach Energy added 2.17 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: eustance huang
Keywords: news, cnbc, companies, slipped, shed, shares, investors, slowing, shenzhen, asia, close, rose, negotiations, trade, fears, economy, markets, stocks, amid, decline


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Chinese stocks jump amid trade optimism; manufacturing data disappoints

Stocks in China saw strong gains on the first trading day of February as hopes rise for a U.S.-China trade deal. Mainland Chinese markets saw gains on the day, as the Shanghai composite rose 1.3 percent to close at around 2,618.23 while the Shenzhen component jumped 2.738 percent to finish its trading day at about 7,684.00. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in January, compared to 49.7 in December. “The terrible decline in the Caixin PMI index from


Stocks in China saw strong gains on the first trading day of February as hopes rise for a U.S.-China trade deal. Mainland Chinese markets saw gains on the day, as the Shanghai composite rose 1.3 percent to close at around 2,618.23 while the Shenzhen component jumped 2.738 percent to finish its trading day at about 7,684.00. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in January, compared to 49.7 in December. “The terrible decline in the Caixin PMI index from
Chinese stocks jump amid trade optimism; manufacturing data disappoints Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: eustance huang
Keywords: news, cnbc, companies, trade, jump, amid, trading, higher, shenzhen, data, disappoints, chinese, index, pmi, deal, manufacturing, stocks, day, optimism, slightly


Chinese stocks jump amid trade optimism; manufacturing data disappoints

Stocks in China saw strong gains on the first trading day of February as hopes rise for a U.S.-China trade deal. However, the country’s manufacturing data came in below expectations.

Mainland Chinese markets saw gains on the day, as the Shanghai composite rose 1.3 percent to close at around 2,618.23 while the Shenzhen component jumped 2.738 percent to finish its trading day at about 7,684.00. The Shenzhen composite also climbed higher by 2.765 percent to close at approximately 1,309.99.

Hong Kong’s Hang Seng index slipped 0.23 percent, in the final hour of trade.

A private survey on China’s manufacturing sector on Friday showed that factory activity contracted in January. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) came in at 48.3 in January, compared to 49.7 in December. Analysts polled by Reuters had expected the Caixin PMI to be 49.5 last month.

“The terrible decline in the Caixin PMI index from 49.7 in December to only 48.3 in January shows just how important it is for China and the US to secure a trade deal. If nothing else, a deal should prevent the near-term imposition of higher tariffs,” Robert Carnell, ING’s chief economist and head of research for Asia Pacific, said in a note.

Elsewhere in Asia, the mood appeared more cautious.

Japan’s Nikkei 225 closed slightly higher at 20,788.39 while the Topix index shed 0.18 percent to finish its trading day at 1,564.63, as shares of Fast Retailing advanced 1.97 percent. Nintendo, however, plunged 9.19 percent after the company cut its sales forecast for the Switch game console in the fiscal year ending March 2019.

South Korea’s Kospi closed slightly lower at 2,203.46.

In Australia, the ASX 200 ended its trading day largely flat at 5,862.8. The materials subindex advanced 0.34 percent as shares of major miners rose. Rio Tinto was up 0.6 percent, Fortescue Metals Group jumped 3.36 percent and BHP Billiton gained 0.49 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: eustance huang
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Asia markets: US-China trade, Apple, the Fed in focus

Major stock markets in Asia closed mixed on Wednesday, as investors awaited the start of U.S.-China trade talks later in the day stateside. The mainland Chinese markets slipped back into negative territory — after an earlier recovery — to end their trading day lower. The Shanghai composite slipped about 0.72 percent to 2,575.58 while the Shenzhen component fell 1.070 percent to 7,470.47. Japan’s Nikkei 225 slipped 0.52 percent to close at 20,556.54 while the Topix fell 0.41 percent to finish its


Major stock markets in Asia closed mixed on Wednesday, as investors awaited the start of U.S.-China trade talks later in the day stateside. The mainland Chinese markets slipped back into negative territory — after an earlier recovery — to end their trading day lower. The Shanghai composite slipped about 0.72 percent to 2,575.58 while the Shenzhen component fell 1.070 percent to 7,470.47. Japan’s Nikkei 225 slipped 0.52 percent to close at 20,556.54 while the Topix fell 0.41 percent to finish its
Asia markets: US-China trade, Apple, the Fed in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: eustance huang
Keywords: news, cnbc, companies, uschina, slipped, rose, fed, day, trade, focus, asia, shenzhen, markets, shares, major, index, trading, close, apple


Asia markets: US-China trade, Apple, the Fed in focus

Major stock markets in Asia closed mixed on Wednesday, as investors awaited the start of U.S.-China trade talks later in the day stateside.

The mainland Chinese markets slipped back into negative territory — after an earlier recovery — to end their trading day lower. The Shanghai composite slipped about 0.72 percent to 2,575.58 while the Shenzhen component fell 1.070 percent to 7,470.47. The Shenzhen composite also declined 1.279 percent to 1,283.71.

Hong Kong’s Hang Seng index was higher by about 0.1 percent, as of its final hour of trading, as shares of Chinese tech giant Tencent declined 0.29 percent.

Japan’s Nikkei 225 slipped 0.52 percent to close at 20,556.54 while the Topix fell 0.41 percent to finish its trading day at 1,550.76.

South Korea’s Kospi, on the other hand, advanced 1.05 percent to close at 2,206.20 as shares of LG Display dropped 3.66 percent after the company said its panel shipments for the first quarter were expected to decrease due to seasonally weak demand.

Australia’s ASX 200 gained 0.21 percent to close at 5,886.70 as the materials subindex rose 2.14 percent, with shares of Australia’s major miners gaining. Rio Tinto jumped 4.51 percent, Fortescue Metals Group soared 7.75 percent and BHP Billiton advanced 2.55 percent.

The moves Down Under came after the country’s headline consumer price index rose above expectations, though core inflation remained below the central bank’s target. Following that, the Australian dollar was at $0.7191 after seeing an earlier low of $0.7147.


Company: cnbc, Activity: cnbc, Date: 2019-01-30  Authors: eustance huang
Keywords: news, cnbc, companies, uschina, slipped, rose, fed, day, trade, focus, asia, shenzhen, markets, shares, major, index, trading, close, apple


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Asian markets mostly higher despite global uncertainty

Most Asian markets closed higher on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight. The mainland Chinese markets, watched in relation to the ongoing trade fight between Beijing and Washington, recovered from earlier losses. Hong Kong’s Hang Seng index also climbed by more than 0.2 percent, as of its final hour of trading. The Topix index recovered from earlier losses to finish its trading day 0.36 percent higher at 1,552.60. Sent


Most Asian markets closed higher on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight. The mainland Chinese markets, watched in relation to the ongoing trade fight between Beijing and Washington, recovered from earlier losses. Hong Kong’s Hang Seng index also climbed by more than 0.2 percent, as of its final hour of trading. The Topix index recovered from earlier losses to finish its trading day 0.36 percent higher at 1,552.60. Sent
Asian markets mostly higher despite global uncertainty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: eustance huang
Keywords: news, cnbc, companies, asian, trade, global, uncertainty, ongoing, meeting, higher, markets, uschina, despite, shenzhen, close, rose, trading, recovered, chinese


Asian markets mostly higher despite global uncertainty

Most Asian markets closed higher on Thursday amid uncertainties surrounding the global economic outlook as well as the ongoing U.S.-China trade fight.

The mainland Chinese markets, watched in relation to the ongoing trade fight between Beijing and Washington, recovered from earlier losses. The Shanghai composite rose around 0.4 percent to close at about 2,591.69 and the Shenzhen component advanced 0.661 percent to finish its trading day at approximately 7,573.52. The Shenzhen composite gained 0.457 percent to close at about 1,322.30.

Hong Kong’s Hang Seng index also climbed by more than 0.2 percent, as of its final hour of trading.

Japan’s Nikkei 225, however, closed fractionally lower at 20,574.63, down by 0.09 percent. The Topix index recovered from earlier losses to finish its trading day 0.36 percent higher at 1,552.60.

Over in South Korea, the Kospi rose 0.81 percent to close at 2,145.03 as shares of chipmaker SK Hynix jumped 5.54 percent despite reporting quarterly earnings which were below expectations. The company attributed the profit decline — its first in two years — to lower chip prices.

Sentiment overall during Asian trading hours, however, appeared fragile as concerns remained over the state of U.S.-China trade negotiations following reports on Tuesday that the U.S. had canceled a trade meeting with Chinese officials. White House economic advisor Larry Kudlow denied that an official meeting had been canceled, telling CNBC that no immediate meetings had been scheduled other than the visit by Chinese Vice Premier Liu He next week.


Company: cnbc, Activity: cnbc, Date: 2019-01-24  Authors: eustance huang
Keywords: news, cnbc, companies, asian, trade, global, uncertainty, ongoing, meeting, higher, markets, uschina, despite, shenzhen, close, rose, trading, recovered, chinese


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Asian stocks mixed as US-China trade talks continue

The Shanghai composite declined by 0.26 percent to close at 2,526.46 while the Shenzhen composite slipped 0.117 percent to finish at about 1,299.89. Hong Kong-listed shares of Chinese automaker Geely plummeted almost 11 percent after the company predicted flat sales for 2019. Investors were on the lookout for developments on the second day of trade negotiations between the U.S. and China. “China would need to significantly re-calibrate its industrial policies to fully meet the US trade team’s de


The Shanghai composite declined by 0.26 percent to close at 2,526.46 while the Shenzhen composite slipped 0.117 percent to finish at about 1,299.89. Hong Kong-listed shares of Chinese automaker Geely plummeted almost 11 percent after the company predicted flat sales for 2019. Investors were on the lookout for developments on the second day of trade negotiations between the U.S. and China. “China would need to significantly re-calibrate its industrial policies to fully meet the US trade team’s de
Asian stocks mixed as US-China trade talks continue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: eustance huang
Keywords: news, cnbc, companies, issues, chinese, uschina, hong, trade, shenzhen, china, asian, mixed, stocks, economist, talks, tariffs, squawk, told, continue


Asian stocks mixed as US-China trade talks continue

The mainland Chinese markets fell on Tuesday.

The Shanghai composite declined by 0.26 percent to close at 2,526.46 while the Shenzhen composite slipped 0.117 percent to finish at about 1,299.89. The Shenzhen component also fell 0.116 percent to close at 7,391.65.

Over in Hong Kong, the Hang Seng index was largely flat during its final hour of trading. Hong Kong-listed shares of Chinese automaker Geely plummeted almost 11 percent after the company predicted flat sales for 2019.

Investors were on the lookout for developments on the second day of trade negotiations between the U.S. and China.

China said on Monday that it is willing to resolve its trade disputes with the U.S. on an equal footing, according to Lu Kang, spokesman at the Chinese foreign ministry.

One economist expressed caution over the talks.

“It still looks like we’re talking more about superficialities … than some of the fundamental issues,” Simon Baptist, global chief economist at The Economist Intelligence Unit, told CNBC’s “Squawk Box” on Tuesday morning.

“What really matters is these issues over market access, that’s the thing the U.S. firms care about. Having a level playing field when they’re competing in China … against the (state-owned enterprises) and others. And then also, the issues around intellectual property and technology transfer,” Baptist said.

“The EIU is still not optimistic about both sides coming to a substantive deal by 1st March,” said another EIU analyst, Nick Marro, said in a note. “China would need to significantly re-calibrate its industrial policies to fully meet the US trade team’s demands. The limited policy movement that we’ve seen so far suggests that a game-changing deal remains unlikely.”

Over in the U.S., Commerce Secretary Wilbur Ross told CNBC’s “Squawk Box” on Monday that U.S. tariffs have placed pressure on China’s economy and ability to create jobs to avert social unrest.

The U.S. and China slapped a series of punitive tariffs on each other’s goods last year, sparking concerns over a global economic slowdown.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: eustance huang
Keywords: news, cnbc, companies, issues, chinese, uschina, hong, trade, shenzhen, china, asian, mixed, stocks, economist, talks, tariffs, squawk, told, continue


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Chinese tech sector falls after Tim Cook says China is slowing

Apple CEO Tim Cook told CNBC on Wednesday that he believed the ongoing trade tensions between the U.S. and China “put additional pressure” on Asia’s largest economy. Hours after the publication of those comments, China’s overall tech sector fell slightly and shares of some Apple suppliers dove during Thursday’s mid-morning Asian trading. Recent economic data from China has pointed to a slowing economy, with the country’s manufacturing sector shrinking in December. Cook’s Wednesday comments came


Apple CEO Tim Cook told CNBC on Wednesday that he believed the ongoing trade tensions between the U.S. and China “put additional pressure” on Asia’s largest economy. Hours after the publication of those comments, China’s overall tech sector fell slightly and shares of some Apple suppliers dove during Thursday’s mid-morning Asian trading. Recent economic data from China has pointed to a slowing economy, with the country’s manufacturing sector shrinking in December. Cook’s Wednesday comments came
Chinese tech sector falls after Tim Cook says China is slowing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: eustance huang
Keywords: news, cnbc, companies, chinese, thought, iphone, guidance, china, investors, slowing, falls, apple, cook, tim, sector, shenzhen, revenue, tech


Chinese tech sector falls after Tim Cook says China is slowing

Apple CEO Tim Cook told CNBC on Wednesday that he believed the ongoing trade tensions between the U.S. and China “put additional pressure” on Asia’s largest economy.

Hours after the publication of those comments, China’s overall tech sector fell slightly and shares of some Apple suppliers dove during Thursday’s mid-morning Asian trading.

China’s tech-heavy Chinext composite fell about 1 percent to close at around 1,487.30. The Shenzhen composite ended its trading day lower by 0.798 percent at approximately 1,246.37 while the Shenzhen component saw losses of 0.837 percent to close at about 7,089.44. Because of their composition, the Shenzhen indexes are closely watched as indicators of Chinese tech shares.

The Chinese stock markets are heavily influenced by retail investors, who are thought to be driven more by short-term sentiment than institutional investors. Recent economic data from China has pointed to a slowing economy, with the country’s manufacturing sector shrinking in December.

Cook’s Wednesday comments came as Apple moved to cut its revenue guidance for the first quarter.

The tech giant blamed a variety of factors for the lowered guidance, including a weakening economy in China and lower-than-expected iPhone revenue. Apple said the lower-than-anticipated revenue happened “primarily in Greater China,” but also said that upgrades to new iPhone models in other countries were “not as strong as we thought they would be.”


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: eustance huang
Keywords: news, cnbc, companies, chinese, thought, iphone, guidance, china, investors, slowing, falls, apple, cook, tim, sector, shenzhen, revenue, tech


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Asia shares mostly lower as US futures point to further turmoil stateside

South Korea’s Kospi fell 0.81 percent to finish its trading day at 1,993.70 as shares of Apple suppliers Samsung Electronics and SK Hynix dropped 2.97 percent and 4.79 percent, respectively. Over in the Greater China region, the Hang Seng index gave up earlier gains to slip 0.22 percent, as of its final hour of trade. The mainland Chinese markets, watched in relation to Beijing’s ongoing tariff fight with Washington, reversed its earlier gains. The Shanghai composite closed largely flat at about


South Korea’s Kospi fell 0.81 percent to finish its trading day at 1,993.70 as shares of Apple suppliers Samsung Electronics and SK Hynix dropped 2.97 percent and 4.79 percent, respectively. Over in the Greater China region, the Hang Seng index gave up earlier gains to slip 0.22 percent, as of its final hour of trade. The mainland Chinese markets, watched in relation to Beijing’s ongoing tariff fight with Washington, reversed its earlier gains. The Shanghai composite closed largely flat at about
Asia shares mostly lower as US futures point to further turmoil stateside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: eustance huang
Keywords: news, cnbc, companies, oil, shares, fell, point, futures, gains, trading, shenzhen, lower, earlier, stateside, turmoil, markets, asia, rose, finish


Asia shares mostly lower as US futures point to further turmoil stateside

Major stocks indexes in Asia were mostly lower on Thursday as U.S. futures pointed to another volatile session for Wall Street after Apple lowered guidance for first quarter and warned of weaker sales in China.

South Korea’s Kospi fell 0.81 percent to finish its trading day at 1,993.70 as shares of Apple suppliers Samsung Electronics and SK Hynix dropped 2.97 percent and 4.79 percent, respectively.

Over in the Greater China region, the Hang Seng index gave up earlier gains to slip 0.22 percent, as of its final hour of trade.

The mainland Chinese markets, watched in relation to Beijing’s ongoing tariff fight with Washington, reversed its earlier gains. The Shanghai composite closed largely flat at about 2,464.36 while the tech-heavy Shenzhen composite fell 0.798 percent to finish its trading day at around 1,246.37. The Shenzhen component lost 0.837 percent to close at about 7,089.44.

The ASX 200 in Australia, however, rose 1.36 percent to close at 5,633.40, with all the sectors seeing gains. The energy subindex rose 2.97 percent as shares of oil-related companies saw gains on the back of Wednesday’s strong rally in oil prices. Santos jumped 3.98 percent, Oil Search rose 2.59 percent and Woodside Petroleum advanced 3.44 percent.

“Asian markets may attempt to recover some of yesterday’s losses but are likely to remain cautious for now and await further cues on the US,” said OCBC Treasury Research in a morning note.

Japan’s stock markets were closed for a holiday on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-01-03  Authors: eustance huang
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Asian stocks see losses on the first trading day of 2019

The Shanghai composite fell 1.15 percent to close at 2,465.29 while the Shenzhen composite finished 0.905 percent lower at about 1,256.39 and the Shenzhen component lost 1.25 percent to end its trading day at around 7,149.27. The moves came after a private survey showed manufacturing activity in China contracted for the first time in 19 months in December. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI), fell to 49.7 from 50.2 in November — its first contraction since May 2017.


The Shanghai composite fell 1.15 percent to close at 2,465.29 while the Shenzhen composite finished 0.905 percent lower at about 1,256.39 and the Shenzhen component lost 1.25 percent to end its trading day at around 7,149.27. The moves came after a private survey showed manufacturing activity in China contracted for the first time in 19 months in December. The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI), fell to 49.7 from 50.2 in November — its first contraction since May 2017.
Asian stocks see losses on the first trading day of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: eustance huang
Keywords: news, cnbc, companies, nicholson, showed, pmi, asian, trade, trading, shares, manufacturing, survey, 2019, losses, day, fell, shenzhen, stocks


Asian stocks see losses on the first trading day of 2019

Chinese shares slipped on the day. The Shanghai composite fell 1.15 percent to close at 2,465.29 while the Shenzhen composite finished 0.905 percent lower at about 1,256.39 and the Shenzhen component lost 1.25 percent to end its trading day at around 7,149.27.

The moves came after a private survey showed manufacturing activity in China contracted for the first time in 19 months in December.

The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI), fell to 49.7 from 50.2 in November — its first contraction since May 2017.

A reading above 50 indicates expansion, while a reading below that level signals contraction.

Economists polled by Reuters had expected only a marginal dip from November to 50.1.

“It is confirming that we know that the trade war has had an impact,” Gareth Nicholson, head of fixed income at Bank of Singapore, told CNBC minutes after the data release on Monday. Nicholson was referring to the ongoing Sino-U.S. trade war.

“The stimulus measure is probably needed if they want … to kind of keep up the growth levels that they have had. The PMI is kind of showing that,” Nicholson said.

Official manufacturing PMI released on Monday showed a slowdown in activity for the month of December as the sector contracted for the first time in more than two years, dropping below the critical 50 level.

Referring to Monday’s data, Vishnu Varathan, head of economics and strategy at Mizuho Bank, said in a morning note: “China’s manufacturing PMI slumping to almost three year-lows of 49.4 (the first contractionary read since mid-2016 and lowest since Feb 2016) justifiably raises a few red flags; and not just for China, with Asian exporters likely to feel the ripples.”

“The devilish details arguably render this slump even more worrying; even if the downturn is not entirely surprising given more challenging global trade conditions,” the economist said.

The private survey focuses on small and medium-sized enterprises while the official PMI gauge focuses on large companies and state-owned enterprises.

Meanwhile, Hong Kong’s Hang Seng index fell around 3 percent, as of its final hour of trading, with shares of Chinese tech heavyweight Tencent declining approximately 2.4 percent.


Company: cnbc, Activity: cnbc, Date: 2019-01-02  Authors: eustance huang
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Chinese markets’ 2018 performance was their worst in a decade

‘We need to see some stabilization in Chinese demand’ 4 Hours Ago | 02:46This year has not been a great one for Chinese stocks. In fact, it’s been the worst in a decade. All 10 sectors of the index were down significantly in the year, with information technology being the worst performer as it fell 34 percent, according to Chinese financial services firm Wind Information. That puts the Shanghai composite’s performance at its worst since 2008, the year of the global financial crisis, when it plun


‘We need to see some stabilization in Chinese demand’ 4 Hours Ago | 02:46This year has not been a great one for Chinese stocks. In fact, it’s been the worst in a decade. All 10 sectors of the index were down significantly in the year, with information technology being the worst performer as it fell 34 percent, according to Chinese financial services firm Wind Information. That puts the Shanghai composite’s performance at its worst since 2008, the year of the global financial crisis, when it plun
Chinese markets’ 2018 performance was their worst in a decade Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: eustance huang, afp, getty images
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Chinese markets' 2018 performance was their worst in a decade

‘We need to see some stabilization in Chinese demand’ 4 Hours Ago | 02:46

This year has not been a great one for Chinese stocks. In fact, it’s been the worst in a decade.

The Shanghai composite, the mainland’s major share average, ended the trading year at 2,493.90 — that was approximately 24.6 percent lower than its final close of 2017.

All 10 sectors of the index were down significantly in the year, with information technology being the worst performer as it fell 34 percent, according to Chinese financial services firm Wind Information. Even the best performing sector, utilities, dropped 11 percent.

That puts the Shanghai composite’s performance at its worst since 2008, the year of the global financial crisis, when it plunged more than 65 percent.

Those dramatic losses were also seen elsewhere in China, with the Shenzhen composite plummeting about 33.25 percent and the Shenzhen component plunging around 34.44 percent in 2018 as compared to their last close of 2017. The Shenzhen component’s performance was also its worst since 2008, when it dove 63 percent, according to Wind Information.

As shares on the mainland were pummeled, Hong Kong stocks performed a bit better. The Hang Seng index notched a decline of only 13.61 percent for 2018.


Company: cnbc, Activity: cnbc, Date: 2018-12-31  Authors: eustance huang, afp, getty images
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Asian stocks trade mixed following Wall Street turbulence

Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low. The mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were cautious in early trade. The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Austral


Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low. The mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were cautious in early trade. The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Austral
Asian stocks trade mixed following Wall Street turbulence Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: eustance huang
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Asian stocks trade mixed following Wall Street turbulence

Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low.

The mainland Chinese markets, closely watched in relation to the Sino-U.S. trade war, were cautious in early trade. The Shanghai composite was largely flat while the Shenzhen composite saw a 0.322 percent decline and the Shenzhen component slipped 0.380 percent.

Meanwhile, Hong Kong’s Hang Seng index traded slightly higher and South Korea’s Kospi gained 0.44 percent.

The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Australia and New Zealand Banking Group climbed up by 1.27 percent, Commonwealth Bank of Australia rose 1.46 percent, Westpac gained 1.82 percent and National Australia Bank advanced 1.78 percent.

Japan’s Nikkei 225 and Topix index, however, both slipped around 0.6 percent in morning trade after two straight days of gains. Shares of Fast Retailing, the company behind the Uniqlo chain of apparel stores, lost their earlier gains to drop about 1.6 percent.

The moves in Japan came after the country’s central bank released its summary of opinions from its December monetary policy meeting, where it noted the “heightening” of downside risks to economic activity.

“Regarding the outlook for the global economy, risks have been tilted to the downside on the whole amid heightening uncertainties and a prevailing view that such situation will be protracted,” said the note from the Bank of Japan.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: eustance huang
Keywords: news, cnbc, companies, turbulence, shares, asian, following, bank, saw, gained, shenzhen, traded, australia, slipped, stocks, wall, mixed, street, trade, gains


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