In Hong Kong, the Hang Seng Index climbed nearly 2% within minutes, after a seven-day losing run that was the longest since late 2021. About half of the stocks in the index are now oversold, the highest ratio since March 2022. The CSI 300 Index, benchmark for mainland shares, finished up 0.8% after erasing loss of as much as 0.7%. The gauge was the most oversold since early June on Monday.
Tuesday’s gains came after investor sentiment toward Chinese stocks deteriorated in recent weeks, owing to dismal economic data, deflation fears, and a property market slump that’s now threatening a crisis in the shadow banking sector.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis-From stocks to bitcoin, soaring US yields cast shadow over risk asset rallyBy David Randall and Lewis Krauskopf NEW YORK (Reuters) - Surging U.S. Treasury yields are sending shudders through riskier areas of the market, ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
European Stocks Rise as Traders Mull Rates Outlook, China RisksEuropean stocks edged higher, but remained near a six-week low, as investors weighed mixed policy signals from China ahead of a speech by Federal Reserve Chair Jerome Powell later in the week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
China Stocks Extend Slump as Banks Hold Mortgage-Linked RateChinese stocks extended losses as mainland banks surprisingly kept a key interest rate that’s linked to mortgages on hold, in a move that sent mixed messages on the country’s commitment to support the embattled property sector.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Premarket: Stocks, yields rise as traders balance China, oil supplyChina delivered smaller rate cuts than investors had expected
Source: globeandmail - 🏆 5. / 92 Read more »
Gloomy Signs Pile Up for China Sportswear Stocks as Anta ReportsChina’s sportswear stocks have been in a funk amid the nation’s sluggish consumption recovery. Analysts say earnings results of Anta Sports Products Ltd., one of the industry leaders on the mainland, may do little to lure back investors.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Summer of angst as bond yields surge and global stocks wobble(Reuters) - Cracks are forming in a global stocks rally, with surging bond yields, rising energy prices and intensified worries over China’s economy ...
Source: SaltWire Network - 🏆 45. / 63 Read more »