Latest news with #ChinaExports
Yahoo
6 days ago
- Business
- Yahoo
Metals Gain as China's Trade Data Shows Exports Accelerating
(Bloomberg) — Base metals advanced in London as data pointed to surprising strength in China's overall export activity — an important driver of demand for industrial commodities in the world's second-biggest economy. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station Growth in shipments from China unexpectedly accelerated in July even in the face of US tariffs imposed by President Donald Trump, as suppliers turned to alternative markets. The total value of exports jumped 7.2% from a year earlier, beating economists' forecasts for 5.6% growth. China's manufacturers have increasingly leaned on exports to offset softer growth at home, a trend which in turn helps sustain commodities demand. Metals are used in large volumes in industrial products — such as air conditioners to cars and consumer goods — that are shipped overseas. Aluminum (ALI=F) on the London Metal Exchange gained for a third day, rising 0.7% to $2,627 a ton by 12:14 p.m. Shanghai time. Copper (HG=F) was up 0.3% and zinc increased 0.7%. Russia's Secret War and the Plot to Kill a German CEO The Pizza Oven Startup With a Plan to Own Every Piece of the Pie AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery ©2025 Bloomberg L.P. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
6 days ago
- Business
- Bloomberg
Metals Gain as China's Trade Data Shows Exports Accelerating
Base metals advanced in London as data pointed to surprising strength in China's overall export activity — an important driver of demand for industrial commodities in the world's second-biggest economy. Growth in shipments from China unexpectedly accelerated in July even in the face of US tariffs imposed by President Donald Trump, as suppliers turned to alternative markets. The total value of exports jumped 7.2% from a year earlier, beating economists' forecasts for 5.6% growth.
Free Malaysia Today
14-07-2025
- Business
- Free Malaysia Today
Bursa holds steady to close higher, tracking regional gains
KUALA LUMPUR : Bursa Malaysia reversed last Friday's losses to close higher today, tracking gains in regional markets. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Sedek Jantan said the key index's positive performance was underpinned by stronger-than-expected trade data from China, with exports rising 5.8% year-on-year in June, well above the 3.6% forecast. 'The data suggested that Chinese exporters were accelerating shipments ahead of the expiry of the 90-day tariff reprieve, providing some relief to global market sentiment and partially offsetting lingering concerns over Washington's tariff rhetoric,' he told Bernama. Sedek said investors will also monitor more upcoming data from China, particularly June trade figures and the second-quarter gross domestic product (GDP). 'The Chinese government is due to release the economic data tomorrow,' he said. Meanwhile, Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local market sentiment remains cautious amid ongoing concerns over US tariffs, with investors closely monitoring their implications for Asean economies and global supply chains. 'Nevertheless, the benchmark index is well supported above the 1,530 level. 'While commodity-related stocks saw some selling pressure, defensive and stable names in banking, consumer and utilities showed resilience,' he noted. Thong anticipates the FTSE Bursa Malaysia KLCI (FBM KLCI) to trend within the range of 1,530-1,560 for the week. At 5pm, the FBM KLCI climbed 1.44 points, or 0.09%, to 1,537.51 from Friday's close of 1,536.07. The benchmark opened 0.10 of-a-point lower at 1,535.97 and hovered between 1,533.93 and 1,538.33 throughout the session. The market breadth was negative, with 514 decliners outpacing 432 gainers and 510 counters unchanged, while 962 were untraded and nine suspended. Turnover declined to 2.93 billion shares worth RM1.67 billion, compared with 3.37 billion shares worth RM2.3 billion last Friday. Among the heavyweight counters, Maybank gained three sen to RM9.72, while Public Bank and Tenaga Nasional rose two sen each to RM4.34 and RM13.98, respectively. CIMB and IHH Healthcare both edged up one sen to RM6.69 and RM6.59. In active trade, NexG gained two sen to 47 sen, Wentel Engineering grew 1.5 sen to 33.5 sen, Malaysian Resources Corporation added 0.5 sen to 54 sen, Zetrix AI was 1.5 sen lower at 98.5 sen, and Tanco was flat at 90.5 sen. On the index board, the FBM Emas Index gained 14.88 points to 11,558.46, the FBMT 100 Index expanded 12.30 points to 11,321.04, and the FBM Emas Shariah Index added 8.13 points to 11,560.60. The FBM 70 Index increased 25.85 points to 16,787.20, while the FBM ACE Index improved 33.35 points to 4,571.52. By sector, the financial services index gained 55.74 points to 17,663.87, the industrial products and services index shaved 0.22 points to 153.87, and the plantation index fell 16.35 points to 7,434.10. The energy index inched up 9.76 points to 747.38. The Main Market volume retreated to 1.13 billion units worth RM1.35 billion from 1.36 billion units valued at RM1.99 billion last Friday. Warrants turnover slipped to 1.46 billion units valued at RM208.01 million from 1.7 billion units worth RM203 million previously. The ACE Market volume increased to 342.18 million units valued at RM113.55 million, versus 318.83 million units worth RM107.58 million on Friday. Consumer products and services counters accounted for 171.7 million shares traded on the Main Market; industrial products and services (182.22 million), construction (82.17 million), technology (239.31 million), SPAC (nil), financial services (41.28 million), property (179.63 million), plantation (11.93 million), REITs (19.63 million), closed-end fund (22,800), energy (61.84 million), healthcare (54 million), telecommunications and media (30.31 million), transportation and logistics (21.68 million), utilities (34.41 million), and business trusts (18,500).
Yahoo
10-07-2025
- Business
- Yahoo
Is China Dodging US Tariffs? Direct Exports To America Plunge 43% As Vietnam And Indonesia See Big Spurts: Report
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. China's exports to the United States have plunged over 43% year-over-year in May, representing a $15 billion drop in trade value, yet at the same time, China's total exports have increased 4.8%, according to official figures, despite the trade and tariff-related turbulence. What Happened: On Monday, in a post on X, The Kobeissi Letter shared the latest trade data coming in official Chinese sources, hinting at the rerouting of goods to circumvent the current U.S. trade and tariff regime. The post notes that exports to the Association of Southeast Asian Nations (ASEAN) rose 15% year-over-year during the month, while shipments to the European Union climbed 12%. Meanwhile, there was a 30% spike in Chinese exports routed through Vietnam, and a similar 25% increase via Indonesia. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — These figures have since fueled speculations that China is shifting its trade strategy, rerouting exports through regional partners to maintain global market access while reducing direct exposure to U.S. tariffs. This comes amid growing efforts made by the U.S. Government to close potential backdoors for Chinese goods. The recent trade deal with Vietnam, which involved a 40% tariff on rerouted goods, is largely aimed at the same, and is thus being seen as a 'proxy trade war' with China. Why It Matters: Economists believe that President Donald Trump's 40% tariff on rerouted goods from Vietnam could warrant backlash from China, with economist Rana Sajedi saying that it might be seen as a direct challenge, leading to targeted trade measures. The U.S. has also been urging Vietnam to reduce its reliance on Chinese technologies that are used in the production of goods that are later exported. Experts have long viewed tariffs as an opportunity for rerouting and transshipment, rather than a threat. 'During 2018-19 when similar tariffs were put into effect, cargo was rerouted through Southeast Asia, Mexico and Europe, and a similar pattern is emerging now,' says Moritz Fuhrmann, the Co-CEO of MPC Container Ships ASA (OTC:MPZZF). Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Photo courtesy: / This article Is China Dodging US Tariffs? Direct Exports To America Plunge 43% As Vietnam And Indonesia See Big Spurts: Report originally appeared on
Yahoo
04-07-2025
- Business
- Yahoo
What do China's surging exports mean for the world?
-- China's recent export surge is creating ripple effects across global trade, with UBS analysts warning of a potential 'second China shock.' According to UBS, 'export volumes [are] up 20%' over the past two years, compared to just 6% growth in the rest of the world, marking China's strongest trade outperformance since joining the World Trade Organization. Much of this growth is being directed toward emerging markets (EM), which now account for over half of China's exports and trade surplus, said the bank. 'That China's share of final demand is rising in sectors ranging from Latam autos to ASEAN household appliances shows that its export penetration runs far deeper than cyclical 'transshipping' effects,' UBS wrote. They add that the quality of Chinese goods is improving, and the country's export momentum continues even as negative price deflators ease. 'This isn't just about low prices… quality is playing an increasingly important role,' UBS noted. While some of China's export strengths are in building new supply chains, such as Hungarian autos and Indonesian mining, UBS cautioned that the broader trend could weigh on other EM economies. 'China's rising export competitiveness may compromise growth in the rest of EM,' the analysts warned, citing weak FDI inflows, declining manufacturing/GDP ratios, and deflationary pressures in sectors like chemicals and household products. UBS sees limited near-term progress in China's efforts to curb overcapacity. Despite higher U.S. tariffs and attempts to boost domestic consumption, 'disinflationary spillovers' are likely to persist. 'These disinflationary spillovers will leave EM central banks with more work to do,' UBS added. The implications for global markets are said to be mixed, with some EM equities potentially benefiting from looser monetary policy, particularly in countries less exposed to Chinese competition. Related articles What do China's surging exports mean for the world? Fed's Bostic says tariffs effects may take a year 'to fully play out' President Trump's views on Japan tariffs may be misinformed, says PM Ishiba
