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Economic Times
5 days ago
- Business
- Economic Times
China 30-year bond futures set for biggest weekly drop in 10 months
China's ultra-long-dated government bond futures are poised for their steepest weekly decline in 10 months, implying higher bond yields, as a rally in equity and commodity markets drew investors' interest away from the safety of fixed income. ADVERTISEMENT Chinese 30-year treasury futures for September 2025 delivery were down nearly 2%, set for the biggest weekly loss since September 2024, while 10-year futures dropped 0.5%. The jump in yields, owing to the drop in bond prices, came after top leaders pledged this month to step up regulation of aggressive price-cutting by Chinese companies, as the world's second-biggest economy struggles to shake off persistent deflationary pressures. The Shanghai Composite Index rose above 3600 points this week, the highest level since October 2024. "The recent surge in commodity prices, driven by supply-side constraints, has sparked a short-term shift in risk appetite and raised concerns that the central bank may turn more attentive to inflation. This could cause some near-term volatility in bond yields," said analysts at Caitong Securities. The most active China coking coal contract was up more than 30% this week. ADVERTISEMENT However, Caitong analysts said without a concurrent rebound in aggregate demand, such price increases were unlikely to be sustained, and monetary policy tightening remained unlikely. Until this week, yields on China's sovereign bonds had hovered near record lows for much of the past month, supported by mixed economic data and persistent policy easing expectations. ADVERTISEMENT Bond funds are facing mounting redemption pressure. On Thursday, bond mutual funds saw their largest single-day outflow since September 2024, according to Huaxi Securities. Ten-year and 30-year bond yields were up 7 basis points and 7 bps this week, respectively, to 1.73% and 1.96%. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
New Straits Times
5 days ago
- Business
- New Straits Times
China 30-year bond futures set for biggest weekly drop in 10 months
SHANGHAI: China's ultra-long-dated government bond futures are poised for their steepest weekly decline in 10 months, implying higher bond yields, as a rally in equity and commodity markets drew investors' interest away from the safety of fixed income. Chinese 30-year treasury futures for September 2025 delivery were down nearly two per cent, set for the biggest weekly loss since September 2024, while 10-year futures dropped 0.50 per cent. The jump in yields, owing to the drop in bond prices, came after top leaders pledged this month to step up regulation of aggressive price-cutting by Chinese companies, as the world's second-biggest economy struggles to shake off persistent deflationary pressures. The Shanghai Composite Index rose above 3,600 points this week, the highest level since October 2024. "The recent surge in commodity prices, driven by supply-side constraints, has sparked a short-term shift in risk appetite and raised concerns that the central bank may turn more attentive to inflation. This could cause some near-term volatility in bond yields," said analysts at Caitong Securities. The most active China coking coal contract was up more than 30 per cent this week. However, Caitong analysts said without a concurrent rebound in aggregate demand, such price increases were unlikely to be sustained, and monetary policy tightening remained unlikely. Until this week, yields on China's sovereign bonds had hovered near record lows for much of the past month, supported by mixed economic data and persistent policy easing expectations. Bond funds are facing mounting redemption pressure. On Thursday, bond mutual funds saw their largest single-day outflow since September 2024, according to Huaxi Securities. Ten-year and 30-year bond yields were up seven basis points each this week, to 1.73 per cent and 1.96 per cent, respectively.
Business Recorder
09-07-2025
- Business
- Business Recorder
China, HK shares close up as Beijing's efforts to curb price wars lift sentiment
SHANGHAI: China and Hong Kong stocks ended higher on Tuesday, tracking broader gains in Asia, as investors looked past the latest shift in US President Donald Trump's tariff plans and welcomed Beijing's new measures to curb price wars. China's blue-chip CSI300 Index closed up 0.8%, while the Shanghai Composite Index gained 0.7%. Hong Kong's benchmark Hang Seng was up 1.1%. Market reaction in Asia was rather muted after Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher US tariffs will start August 1, marking a new phase in the trade war he launched earlier this year. China's top leaders pledged last week to step up regulation of aggressive price-cutting by Chinese companies, as the world's second-biggest economy struggles to shake off persistent deflationary pressures. Shares of solar manufacturers led gains onshore, with Tongwei up 10%, after China's industry ministry pledged to curb disorderly low-price competition in the photovoltaic industry. Deeper policy efforts to curb excessive competition are expected to help rebalance industrial supply and demand, support a rebound in producer prices, and improve long-term earnings expectations for A-shares, analysts at Huaxi Securities said in a note. Semiconductor shares also rose, up 1.2%, as a slew of companies posted upbeat profit alerts.
Express Tribune
08-07-2025
- Business
- Express Tribune
China, Hong Kong stocks rise on policy steps to ease price wars
China and Hong Kong stocks rose on Tuesday, tracking broader gains in Asia, as investors looked past the latest shift in US President Donald Trump's tariff plans and welcomed Beijing's new measures to curb price wars. China's blue-chip CSI300 climbed 0.7% by the lunch break, while the Shanghai Composite gained 0.6%. Hong Kong benchmark Hang was up 0.8%. The market reaction in Asia was rather muted after US President Donald Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher US tariffs will start on August 1, marking a new phase in the trade war he launched earlier this year. China's top leaders pledged last week to step up regulation of aggressive price-cutting by Chinese companies, as the world's second-biggest economy struggles to shake off persistent deflationary pressures. Shares of solar manufacturers led gains onshore, with Tongwei up 10%, after China's industry ministry pledged to curb disorderly low-price competition in the photovoltaic industry. Deeper policy efforts to curb excessive competition are expected to help rebalance industrial supply and demand, support a rebound in producer prices, and improve long-term earnings expectations for A-shares, analysts at Huaxi Securities said in a note. Semiconductor also rose, up 1.1%, as a slew of companies posted upbeat profit alerts. Consumer-related shares climbed in Hong Kong, as subsidies from food delivery platforms boosted consumer demand. Xiabuxiabu a hotpot restaurant, rose nearly 7%. Hang Seng Tech Index HSTECH was up 1.3%. Traders are watching for China's key inflation data due on Wednesday to gauge the health of the world's second-largest economy in the face of persistent deflation pressure and trade risks.
RTHK
08-07-2025
- Business
- RTHK
HK stocks track broader gains in region
HK stocks track broader gains in region The Hang Seng Index ended the day at 24,148.07, up 260.24 points or 1.09 percent. File photo: RTHK Mainland Chinese and Hong Kong stocks ended higher on Tuesday, tracking broader gains in Asia, as investors looked past the latest shift in US President Donald Trump's tariff plans and welcomed Beijing's new measures to curb price wars. The benchmark Hang Seng Index ended trading for the day up 260.24 points, or 1.09 percent, at 24,148.07. Up north, the benchmark Shanghai Composite Index closed up 0.7 percent at 3,497.48 while the Shenzhen Component Index rose 1.46 percent to 10,588.39. The combined turnover of these two indices stood at 1.45 trillion yuan, up from 1.21 trillion yuan a day ago. The photovoltaic sector was among the top performers, while stocks related to insurance and banking led losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 2.39 percent to close at 2,181.08. China's top leaders pledged last week to step up regulation of aggressive price-cutting by Chinese companies, as the world's second-biggest economy struggles to shake off persistent deflationary pressures. Shares of solar manufacturers led gains onshore, with Tongwei up 10 percent, after China's industry ministry pledged to curb disorderly low-price competition in the photovoltaic industry. Deeper policy efforts to curb excessive competition are expected to help rebalance industrial supply and demand, support a rebound in producer prices, and improve long-term earnings expectations for A-shares, analysts at Huaxi Securities said in a note. Semiconductor shares also rose, up 1.2 percent, as a slew of companies posted upbeat profit alerts. Consumer-related shares climbed in Hong Kong, as subsidies from food-delivery platforms boosted consumer demand. Xiabuxiabu, a hotpot restaurant, rose nearly 6 percent. The Hang Seng Tech Index was up 1.8 percent. Traders are watching for China's key inflation data due on Wednesday to gauge the health of the world's second-largest economy in the face of persistent deflation pressure and trade risks. (Reuters/Xinhua)
