China approves ETFs tracking HK-listed tech giants - state media Toggle share menu
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China approves ETFs tracking HK-listed tech giants - state media China has approved domestic fund managers first exchange-traded funds (ETFs) based on Hong Kong s Hang Seng TECH Index, state media said on Friday, giving Chinese investors increased access to such big-name stocks as Alibaba and Tencent.
FILE PHOTO: Chinese and Hong Kong flags flutter next to bull statues outside the Hong Kong Exchanges, following the COVID-19 outbreak, at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File Photo
07 May 2021 10:25AM Share this content
- Chinese proverb.
A few days ago, China’s President Xi Jinping issued a thinly-veiled attack on the United States, condemning its economic and military hegemony and calling for a new world order whereby “
International affairs should be handled by everyone.” Although Xi did not explicitly name the U.S. in his 18-minute speech, he took aim at Washington’s efforts to decouple supply chains from China, specifically the Trump administration’s ban on American semiconductors and other high-tech goods from being sold to Chinese companies such as
Huawei.
should not give the whole world a rhythm.’’
Interestingly, Xi made those comments just days after U.S. President Joe Biden and Japan’s prime minister Yoshihide Suga committed to work together to oppose Chinese coercion in the South and East China Seas.
Thursday, 29 Apr 2021 03:53 PM MYT
Qualcomm shares rose 5.4 per cent to US$144 in extended trading. Reuters pic
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SAN FRANCISCO, April 29 Qualcomm Inc yesterday forecast current-quarter sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co Ltd customers migrate to Qualcomm-chip phones.
Qualcomm shares rose 5.4 per cent to US$144 (RM590.76) in extended trading.
Qualcomm is the world’s biggest supplier of smartphone chips, providing key components for 5G connectivity. The San Diego, California-based company has resolved protracted legal fights with regulators and regained iPhone maker Apple Inc as a customer.
UPDATE 1-Qualcomm sees revenue, profits above estimates; says supply chain is improving msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Qualcomm sees revenue, profits above estimates; says supply chain is improving Stephen Nellis ,
By Stephen Nellis and Chavi Mehta
(Reuters) -Qualcomm Inc on Wednesday forecast current quarter sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co Ltd customers migrate to Qualcomm-chip phones.
Qualcomm shares rose 6% after the results were released.
Qualcomm is the world s biggest supplier of smartphone chips, providing key components for 5G connectivity. The San Diego, California-based company has resolved protracted legal fights with regulators and regained iPhone maker Apple Inc as a customer.