Latest news with #Chinese stocks
Bloomberg
2 days ago
- Business
- Bloomberg
Goldman Sees 11% Upside in China Stocks on Potential for US Deal
Goldman Sachs Group Inc. raised its target for Chinese stocks, citing improving prospects for a US-China trade deal that would remove a key overhang for the market. Referring to trading patterns seen in other countries 'that have concluded trade agreements with the US in the past months, a potential US-China trade deal could be a market-clearing event for Chinese stocks,' strategists including Kinger Lau wrote in a note dated Monday.
Yahoo
6 days ago
- Business
- Yahoo
Why Tencent and Other Chinese Tech Stocks Rallied Today
Key Points Tencent led Chinese stocks higher on Wednesday. The U.S. Treasury secretary said yesterday that trade talks with China will resume next week, with a tariff extension likely beyond the August 12 deadline. An extension would remove a key risk for Chinese stocks and those exposed to China -- for now. 10 stocks we like better than Tencent › Shares of Tencent Holdings (OTC: TCEHY) rallied on Wednesday, up 4% as of 3:48 p.m. There wasn't much company-specific news for the Chinese tech giant; however, positive words from U.S. Treasury Secretary Scott Bessent yesterday revived hopes for progress on trade between the U.S. and China. As a result, major Chinese tech stocks rallied today, with Tencent rallying especially strongly. China and U.S. negotiators to meet in Sweden During an interview yesterday, Bessent said, "I'm going to be in Stockholm on Monday and Tuesday with my Chinese counterparts, and we'll be working out what is likely an extension then." For reference, on May 12, the U.S. and China agreed to ratchet back their mutual tariffs on the other, which had escalated to the triple digits following China's retaliation for President Trump's "Liberation Day" tariff announcement on April 2. The lowering of tariffs was agreed on to allow room for trade negotiations to take place, with the three-month deadline approaching on August 12. Along the way, there have been some hiccups in the ongoing talks, such as when President Trump accused China of backtracking on commitments to speed up shipments of crucial rare earths materials. That may have led to some skepticism that a deal would be reached in time. But Bessent's comments yesterday were encouraging. Tencent would benefit from a China recovery Tencent has managed its business extremely well during China's three-year quasirecession, and recently showed an acceleration across its business. With a vast tech empire spanning mobile games, social media, streaming video and music, fintech, and cloud services, it's also in a prime position to benefit from artificial intelligence. So trade talk optimism could be boosting the Chinese economy, and last week's news that Nvidia may restart shipping H20 GPUs to China could also be helping shares along. Investors will learn more on all these fronts when Tencent reports Q2 earnings on August 13. Should you invest $1,000 in Tencent right now? Before you buy stock in Tencent, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tencent wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Billy Duberstein has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Tencent. The Motley Fool has a disclosure policy. Why Tencent and Other Chinese Tech Stocks Rallied Today was originally published by The Motley Fool 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
Yahoo
7 days ago
- Business
- Yahoo
Chinese Stocks in Hong Kong Poised for Highest Close Since 2021
(Bloomberg) -- A key gauge of Chinese stocks traded in Hong Kong was on course for its highest close since November 2021, boosted by easing Sino-American trade tensions and gains in heavyweight tech shares. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital The Hang Seng China Enterprises Index jumped as much as 1.8% on Wednesday, topping a previous year-to-date high hit on March 18. Baidu Inc. and Tencent Holdings Ltd. were among the top performers in the gauge. Hong Kong's benchmark Hang Seng Index advanced 1.6%. The move cements a rapid rebound following the April turmoil triggered by US President Donald Trump's tariff threats. Treasury Secretary Scott Bessent said he will meet his Chinese counterparts in Stockholm next week for discussion aimed at extending a tariff truce, suggesting a continued stabilization in ties after the US recently eased chip curbs and China resumed rare earths exports. Investors are also looking to the country's Politburo meeting later this month to set the tone for policy measures in the second half of the year. Markets have reacted positively to recent moves by Beijing to curb excessive price wars and overcapacity in some sectors, seeing them as a significant step toward tackling deflation. 'Geopolitical tensions between China and the US de-escalated notably not only for trade issues but also the technology disputes,' said Jason Chan, a senior investment strategist at Bank of East Asia. Trump saying he may meet President Xi Jinping in the near future has boosted optimism that trade talks between two nations are on the right track, he added. The Hang Seng China gauge has gained roughly 26% so far this year, beating the S&P 500's 7% advance and the MSCI Asia Pacific Index's 15% advance. HSCEI is trading at about 10 times its forward earnings estimates, below the Asian benchmark's ratio of nearly 15. On the mainland, the CSI 300 Index has climbed about 5% for the period. Despite a slew of positives, some analysts warn the rally may take a breather. Strategists at UBS said Hong Kong stocks will have limited upside for the rest of this year, citing potential earnings downgrades driven by intensifying competition in food delivery and other sectors. Wednesday's equity moves track broad gains across Asia, aided by Trump's announcement of a deal with Japan that puts levies at 15% — down from a threatened 25% tariff. MSCI's China Index, which includes both onshore and offshore stocks, gained nearly 2% on Wednesday, headed for its highest close since February 2022. Stocks in Hong Kong have been supported in 2025 by a surge in inflows from mainland investors. Southbound net inflows expanded by another HK$2.7 billion ($344 million) Tuesday, taking this year's total to HK$800 billion, a whisker away from 2024's previous record of HK$808 billion. 'The market had rallied to some degree but it's not expensive still compared to some other markets,' said Keiko Kondo, head of multi-asset investments for Asia at Schroder Investment Management. 'So from the valuation point, it doesn't stretch, therefore I think there is definitely room to go.' --With assistance from Zhu Lin. (Updates with analyst comment in fifth paragraph.) Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. 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
7 days ago
- Business
- Bloomberg
Chinese Stocks in Hong Kong Poised for Highest Close Since 2021
A key gauge of Chinese stocks traded in Hong Kong was on course for its highest close since November 2021, boosted by easing Sino-American trade tensions and gains in heavyweight tech shares. The Hang Seng China Enterprises Index jumped as much as 1.2% on Wednesday, topping a previous year-to-date high hit on March 18. Tencent Holdings Ltd. and Meituan were among the top performers in the gauge. Hong Kong's benchmark Hang Seng Index advanced 1%.
Bloomberg
15-07-2025
- Business
- Bloomberg
Bridgewater Grows More Bullish on China Stocks After 14% Return
Bridgewater Associates is more bullish on Chinese stocks after government stimulus in response to US tariffs helped boost its onshore China fund by 14% in the first half of the year. Bridgewater's onshore China unit said in its second-quarter investor letter that its view as of June 30 on Chinese equities is 'moderately increase' relative to the All Weather strategic allocations, citing policy support and relatively low valuations.
