Latest news with #CentralHuijin
Yahoo
14-04-2025
- Business
- Yahoo
Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
SHANGHAI (Reuters) -Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said. All four sources declined to be identified as they are not authorised to speak to the media. The Shanghai and Shenzhen stock exchanges did not respond to Reuters requests for comment. China has taken a slew of measures to stabilise its domestic stock markets, reeling from an escalating trade war with the U.S. where President Donald Trump has imposed eye-popping duties on Chinese goods. The moves have largely shielded stocks in China from the massive selling seen on global markets. Beijing on Friday hit back again, and increased its tariffs on U.S. imports to 125%. China's state fund Central Huijin has vowed to increase stock holdings, a growing number of listed companies are buying back shares, and top Chinese brokerages have pledged to steady the market amid higher tariffs and global recession risks. "Such a restriction is understandable as you don't want to act against state will," said one of the brokerage sources. Brokerages have been asked to closely monitor transactions by private funds and big retail clients, according to a notice issued late on Thursday and seen by Reuters. The current 50 million yuan daily limit on net sales by investors could be lowered further if the market slumps again, the notice said. China and Hong Kong stocks reversed early declines on Friday and narrowed the week's losses. Trump paused his "reciprocal" tariffs on most other countries earlier this week, but has singled out China with tougher duties. ($1 = 7.3206 Chinese yuan renminbi)
Zawya
11-04-2025
- Business
- Zawya
Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said. All four sources declined to be identified as they are not authorised to speak to the media. The Shanghai and Shenzhen stock exchanges did not respond to Reuters requests for comment. China has taken a slew of measures to stabilise its domestic stock markets, reeling from an escalating trade war with the U.S. where President Donald Trump has imposed eye-popping duties of 145% on Chinese goods. The moves have largely shielded stocks in China from the massive selling seen on global markets. Beijing on Friday hit back again, and increased its tariffs on U.S. imports to 125%. China's state fund Central Huijin has vowed to increase stock holdings, a growing number of listed companies are buying back shares, and top Chinese brokerages have pledged to steady the market amid higher tariffs and global recession risks. "Such a restriction is understandable as you don't want to act against state will," said one of the brokerage sources. Brokerages have been asked to closely monitor transactions by private funds and big retail clients, according to a notice issued late on Thursday and seen by Reuters. The current 50 million yuan daily limit on net sales by investors could be lowered further if the market slumps again, the notice said. China and Hong Kong stocks reversed early declines on Friday and narrowed the week's losses. Trump paused his "reciprocal" tariffs on most other countries earlier this week, but has singled out China with tougher duties. ($1 = 7.3206 Chinese yuan renminbi)
Yahoo
11-04-2025
- Business
- Yahoo
Exclusive-Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
SHANGHAI (Reuters) - Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said. All four sources declined to be identified as they are not authorised to speak to the media. The Shanghai and Shenzhen stock exchanges did not respond to Reuters requests for comment. China has taken a slew of measures to stabilise its domestic stock markets, reeling from an escalating trade war with the U.S. where President Donald Trump has imposed eye-popping duties of 145% on Chinese goods. The moves have largely shielded stocks in China from the massive selling seen on global markets. Beijing on Friday hit back again, and increased its tariffs on U.S. imports to 125%. China's state fund Central Huijin has vowed to increase stock holdings, a growing number of listed companies are buying back shares, and top Chinese brokerages have pledged to steady the market amid higher tariffs and global recession risks. "Such a restriction is understandable as you don't want to act against state will," said one of the brokerage sources. Brokerages have been asked to closely monitor transactions by private funds and big retail clients, according to a notice issued late on Thursday and seen by Reuters. The current 50 million yuan daily limit on net sales by investors could be lowered further if the market slumps again, the notice said. China and Hong Kong stocks reversed early declines on Friday and narrowed the week's losses. Trump paused his "reciprocal" tariffs on most other countries earlier this week, but has singled out China with tougher duties. ($1 = 7.3206 Chinese yuan renminbi) Sign in to access your portfolio
Reuters
11-04-2025
- Business
- Reuters
Exclusive: Chinese exchanges restrict daily stock sales as trade war with US escalates, sources say
SHANGHAI, April 11 (Reuters) - Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States. Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors - implemented through verbal warnings from brokerages - had been set at 50 million yuan ($6.83 million). Failure to comply risked a suspension of trading accounts by the stock exchanges, which have issued the directive, two brokerage sources said. All four sources declined to be identified as they are not authorised to speak to the media. The Shanghai and Shenzhen stock exchanges did not respond to Reuters requests for comment. China has taken a slew of measures to stabilise its domestic stock markets, reeling from an escalating trade war with the U.S. where President Donald Trump has imposed eye-popping duties of on Chinese goods. The moves have largely shielded stocks in China from the massive selling seen on global markets. Beijing on Friday hit back again, and increased its tariffs on U.S. imports to 125%. China's state fund Central Huijin has vowed to increase stock holdings, a growing number of listed companies are buying back shares, and top Chinese brokerages have pledged to steady the market amid higher tariffs and global recession risks. "Such a restriction is understandable as you don't want to act against state will," said one of the brokerage sources. Brokerages have been asked to closely monitor transactions by private funds and big retail clients, according to a notice issued late on Thursday and seen by Reuters. The current 50 million yuan daily limit on net sales by investors could be lowered further if the market slumps again, the notice said. China and Hong Kong stocks reversed early declines on Friday and narrowed the week's losses. Trump his "reciprocal" tariffs on most other countries earlier this week, but has singled out China with tougher duties. ($1 = 7.3206 Chinese yuan renminbi)
CBS News
08-04-2025
- Business
- CBS News
Overseas financial markets and U.S. futures rebound somewhat after wild day on Wall Street
Overseas shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets calmed somewhat after the shocks from President Trump 's tariff hikes . The modest rebound for most markets followed a wild day on Wall Street, where stocks careened after Trump threatened to crank his double-digit tariffs higher. Early Tuesday, China's Commerce Ministry said it would "fight to the end" and take unspecified countermeasures against the United States after Mr. Trump threatened another 50% tariff on Chinese imports. Germany's DAX gained 0.9% to 19,975.81 while the CAC 40 in Paris was up 1.3% at 7,018.79. Britain's FTSE 100 also picked up 1.3%, to 7,804.73. Futures for the S&P 500 gained 1.61% early Tuesday while Dow Jones Industrial Average futures were up 2.08% and those for the Nasdaq Composite were 1.33% higher, according to Yahoo Finance. In Tokyo, the Nikkei 225 closed a smidgen over 6% higher, at 33,012.58. Hong Kong also recovered some lost ground, but nothing close to the 13.2% dive Monday that gave the Hang Seng its worst day since the 1997 Asian financial crisis. The Hang Seng gained 1% to 20,036.03. The Shanghai Composite index jumped 1.4% to 3,140.15 after the government investment fund Central Huijin directed state-owned companies to help support the market with share purchases. South Korea's Kospi picked up 0.3% to 2,334.23, while the S&P/ASX 200 in Australia climbed 2.3% to 7,510.00. Markets in Thailand and Indonesia tumbled, however, as they reopened after holidays. Trading was suspended briefly in Jakarta when the JSX index fell more than 9%. It was down 7.6% by mid-afternoon. Thailand's SET lost 4.2%. In Taiwan, the Taiex lost 4%, pulled lower by losses for Taiwan Semiconductor Manufacturing Corp., or TSMC, the world's largest computer chip maker. Its shares fell 3.8% on Tuesday. On Monday, the S&P 500 sagged 0.2%, the Dow sank 0.9% and the Nasdaq edged up 0.1% as shell-shocked investors watched to see what Mr. Trump will do next in his trade war. If other countries agree to trade deals, he could lower his tariffs and avoid a possible recession. But if he sticks with tariffs for the long haul, stock prices may fall further, analysts said.
