The Shanghai Composite Index added 0.9 percent as of 10:31 a.m. local time after losing 5.6 percent Monday. The declines, which wiped out $487 billion from the value of Chinese shares, followed two tweets from U.S. President Donald Trump threatening to raise tariffs on Chinese goods this week over the pace of trade talks. His top trade negotiator late Monday confirmed the plans. The yuan weakened 0.2 percent in offshore trading.
“Markets are shaky right now,” said Yu Yingbo, investment director at Shenzhen Qianhai United Fortune Fund Management Co. “The uncertainties are still too many. Trump has taken advantage of the one factor that the Chinese government has little control over.” . An article published by the China Securities Journal, one of the country’s most widely circulated financial dailies, argued that the bull market will resume. Only one Chinese-language newspaper featured escalating trade tensions on its front page.
Shares in Hong Kong also edged higher, with the Hang Seng China Enterprises Index advancing 0.4 percent.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Business Maverick: Cartoon Monday: Rico
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Monday, May 6: Five Things You Need to Know to Start Your DayTrump ramps up the pressure on China with threat of more tariffs and market sentiment takes a hit, while Warren Buffett discusses buybacks and critiques private equity. Here’s what’s moving markets.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: India’s Bharti Airtel Plans to Kick Off IPO of $5 Billion Africa Phone UnitBharti Airtel Ltd., India’s second-biggest wireless carrier, is preparing to kick off the initial public offering of its Africa unit in a deal that could raise about $1 billion.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Tesla Manager Sees Risk of Battery-Minerals Shortage in FutureBooming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla Inc. representative told U.S. officials and mining executives in a meeting in Washington.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: UBS Picks Ramaphoria 2.0 Stocks Portfolio for S. African BetA South African election outcome that sees the ruling party win 55-60 percent of the vote could boost shares in banks and insurers, retailers, locally focused industrial companies, property firms and telcos, according to UBS Group AG.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Yuan Plunges, U.S. Stock Futures Drop on Trade War: Markets WrapChina’s yuan plunged the most in more than three years and equity markets were roiled after President Donald Trump’s threat to increase tariffs on Chinese imports cast a cloud over talks this week that were expected to finalize a trade deal.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
BUSINESS MAVERICK: Trusts under BEE scrutiny in yet another dramatic policy shiftOne thing certain about SA’s business and economic environment is uncertainty. Targets or policies seemingly set in stone are suddenly not worth the paper they were written on, leaving investors scratching their heads if they are not banging them against walls. This is the case with the sudden U-turn last week by the BEE Commission, which signalled that trusts will no longer count for black participation in ownership structures. Expect corporate SA to draw a line in the sand. Meanwhile, the mining industry, which has had its own issues with trusts, should be out of the line of fire.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Google Will Now Auto-Delete Some User Data — If You AskAlphabet Inc.’s Google said it will let users set up their profiles to automatically delete location and web-browsing data, giving people a middle ground to the internet giant’s always-on or always-off data hoovering mechanisms.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Thursday May 2: Five Things You Need to Know to Start Your DayThe Fed stands pat, mostly. U.S. Treasury Secretary Steven Mnuchin calls China trade talks “productive,” and yet another Brexit compromise is brewing. Here’s what’s moving markets.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Strong ANC Win Would Boost S. African Asset Prices, Goldman SaysA strong win for South African President Cyril Ramaphosa’s African National Congress in next week’s election would trigger a rally in asset prices, according to Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group Inc. Unfortunately for Goldman Sachs and Colin Coleman, we will vote for EFF... No,a Coalition should do the trick,Same as in Johannesburg. It's true. The international opinion formers that define what we pay for the necessary debt for infrastructure and development know a vote for CyrilRamaphosa and the MYANC is a vote for the future.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Gold Gets Taken for a Ride as Price Gyrates After Fed CommentsGold traders can be forgiven for feeling a bit queasy as efforts to parse economic signals from the U.S. Federal Reserve put them on a roller-coaster ride.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »