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Chinese state intervention has tentatively put a floor under stocks, but corporate earnings show little sign of providing upwards momentum as pressure is building for investors to pocket profits from the decent gains the market has made.
SHANGHAI/HONG KONG -- Market reaction has been split on the National People's Congress that ended Monday, with the Shanghai Composite Index rising 1%
Today, not much resembles the reels in Blossoms Shanghai. China’s legion of 200 million retail investors can be forgiven for hankering for that gravity-defying bygone era of the 1990s.
(Bloomberg) -- Investors betting on a revival in Chinese stocks in the new year are seeing their resolve tested as the market has deepened its slump in the first few days of trading. Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Max Grounding Goes Global as Carriers Follow FAA OrderChina Says It Caught Foreign Consultant Spying for UK’s MI6Persistent concerns over the nation’s economic recovery and policy uncertainty have pushed an onshore equity benchmar
Overseas investors continued to offload Chinese stocks for a record third consecutive month in October, amid jitters about the country’s wobbly economic outlook and capital flows to higher yielding assets.