Morgan Stanley has lifted its price targets for major Chinese equity indexes, citing stronger earnings, yuan resilience and China’s entrenched role in global supply chains, CNBC reported on Thursday. In its latest strategy note, the US investment bank said stronger corporate earnings, a firmer yuan and China’s entrenched role in global supply chains should support… Continue reading Morgan Stanley lifts China equity targets on earnings, yuan strength
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Samsung stock gains despite walkout risk: why are investors calm?
Samsung Electronics stock rose 3.4% in Thursday trading, even as South Korea’s finance minister warned that a threatened strike at the company could become a significant risk to the country’s economic growth, exports and financial markets. The warning followed a breakdown in pay talks on Wednesday between Samsung and its unionised workers. If no deal is reached,… Continue reading Samsung stock gains despite walkout risk: why are investors calm?
Nio stock is pumping in Hong Kong today: here’s why and what next
Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year. This growth makes it one of the best-performing Chinese electric vehicle… Continue reading Nio stock is pumping in Hong Kong today: here’s why and what next
Why are Chinese stocks falling as Trump meets Xi in Beijing?
Chinese stocks are easing even as US President Donald Trump and Chinese President Xi Jinping sit down in Beijing because much of the optimism was already built into prices before the meeting began. Mainland Chinese stocks extended losses on Thursday, with the Shanghai Composite down 1.04% and the Shenzhen Component falling 1.60%. Shanghai benchmark was… Continue reading Why are Chinese stocks falling as Trump meets Xi in Beijing?
These stocks are in focus amid the high-stakes Trump-Xi meeting
Financial markets are fixated on President Donald Trump’s high-stakes summit with President Xi in Beijing, a pivotal meeting poised to reshape international supply chains and trade policy. With bilateral discussions expected to center heavily on tariffs, artificial intelligence (AI), Taiwan, and rare earth materials, the negotiations carry immense weight for multinational corporations. As multi-billion dollar… Continue reading These stocks are in focus amid the high-stakes Trump-Xi meeting
Brent crude oil price on edge as inventories dip ahead of US driving season
Brent crude oil price was in a tight range today, May 14, as investors focused on the upcoming meeting between Donald Trump and Xi Jinping in Beijing. It was trading at $105.75, where it has remained in the past few days. Oil prices will also be in the spotlight as global inventories plunge at the… Continue reading Brent crude oil price on edge as inventories dip ahead of US driving season
Hang Seng and Shanghai Composite in focus ahead of Xi-Trump summit
The Hang Seng and Shanghai Composite were in a narrow range on Thursday as investors waited for the Donald Trump and Xi Jinping summit in Beijing. They were trading at H$26,388 and CNY 4,242, respectively. Chinese stocks wavers ahead of Trump-Xi summit The Shanghai Composite and the Hang Seng indices moved sideways as investors waited… Continue reading Hang Seng and Shanghai Composite in focus ahead of Xi-Trump summit
Cisco stock pops as Q3 earnings defy memory headwinds
Cisco Systems (CSCO) shares are extending gains in after-hours trading after the company posted a “beat and raise” signaling a robust recovery in enterprise networking and a massive acceleration in the AI infrastructure build-out. For its fiscal Q3, the Nasdaq-listed firm reported record revenue of $15.8 billion, a 12% year-over-year increase that comfortably cleared the… Continue reading Cisco stock pops as Q3 earnings defy memory headwinds
Dow Jones slips while S&P 500 hits record high on AI chip rally
The S&P 500 and Nasdaq Composite closed at fresh record highs on Wednesday as investors continued piling into artificial intelligence-related technology shares, brushing aside another hotter-than-expected inflation report and growing expectations that the Federal Reserve may keep interest rates elevated for longer. The broad-based S&P 500 rose 0.58% to close at 7,444.25, while the Nasdaq… Continue reading Dow Jones slips while S&P 500 hits record high on AI chip rally