Latest news with #ChinaGovernment
ABC News
3 days ago
- General
- ABC News
US sounds alarm over Taiwan invasion warning
US Defense Secretary Pete Hegseth sounds alarm over "imminent" threat of China invading Taiwan. China rejects his remarks, calling them "groundless accusations".
Yahoo
5 days ago
- Business
- Yahoo
Equities Fall Intraday After Trump Accuses China of Violating Trade Pact
US benchmark equity indexes were lower intraday after President Donald Trump accused China of violat 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
SBS Australia
6 days ago
- General
- SBS Australia
China hosts Pacific Island nations summit
China hosts Pacific Island nations summit Published 29 May 2025, 9:12 am China and 11 Pacific Island Countries have met for the first time in person in China. The high-level summit is underway in Xiamen where they are looking to deepen ties on security and climate action.
Forbes
13-05-2025
- Business
- Forbes
China Market Update: JD.com Beats As Traders Trade
CLN (JD US and 9618 HK) released Q1 financial results after the Hong Kong close that beat estimates on the big three: revenue, adjusted net income, and adjusted EPS. JD's new food delivery business appears to be off to a strong start, though it will raise concerns about expenses and the firm's desire to build market share at the expense of profits. JD's E-Commerce focus on electronics and home appliances increased sales by +17.1% to RMB 144.3 billion ($19.884 billion). Asian equities were mixed overnight as Malaysia, the Philippines, and Japan outperformed. Meanwhile, Hong Kong and India underperformed while Indonesia was closed for Vesak Day, a celebration of the life and Enlightenment of the Buddha. Hong Kong-listed growth stocks and subsectors, including internet, semiconductors, the Apple ecosystem, i.e., technology hardware and electronics, and electric vehicle (EV) stocks were all hit with profit-taking after yesterday's better-than-expected US-China trade talks led to substantial gains. Concerns that China's government will not stimulate the economy as aggressively due to the US-China trade deal and uncertainty around the deal's timing appeared to be concerns, though simply 'the sell the rips and the buy dips' mentality likely led to quick profit taking. China's government's focus on raising domestic consumption and real estate prices is likely to continue, regardless of the status of the trade deal. Ironically, President Trump mentioned that China should increase domestic consumption to buy more US goods. Hong Kong volumes were down -31% from yesterday, though Mainland investors were net buyers of Hong Kong-listed stocks and ETFs via Southbound Stock Connect. Today's move lower put the Hang Seng, Hang Seng Tech, Shanghai, and Shenzhen indexes back at their Liberation Day levels. Healthcare stocks in Hong Kong and Mainland China rebounded after Trump's announcement yesterday on capping drug prices. The lack of movement in the Mainland market shows that domestic issues, as opposed to foreign matters, are weighing on local sentiment. Mainland China-listed equities continue to lack animal spirits as investors want more stimulative economic policies, despite the government's efforts. Tencent reports after the Hong Kong close tomorrow. Alibaba, KE Holdings, and NetEase all report on Thursday. Live Webinar Join us tomorrow, May 14 at 11 am EDT for:Resilient Covered Call Strategies During Severe Market Volatility Please click here to register New Content Read our latest article: New Drivers For China Healthcare: AI Med-Tech Innovation, Cancer Treatment, & Favorable Balance of Trade Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
