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Economic Times
3 days ago
- Business
- Economic Times
Asian stocks to advance as US-China talks continue
Asian markets are expected to open higher following positive signals from US-China trade talks. US officials expressed optimism after the first day of negotiations, boosting investor sentiment. The market remains sensitive to trade headlines as investors await key inflation data and the Federal Reserve's upcoming interest-rate decision. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares in Asia were poised to open stronger on Tuesday, buoyed by US-China trade talk expectations as officials struck a positive tone after the first day of negotiations. Equity-index futures showed shares in Tokyo, Hong Kong and Shanghai may trade higher, while Sydney stocks looked flat. US and Chinese officials were set to resume their dialogue on Tuesday. The Nasdaq Golden Dragon China Index rose 2.1%. Bonds bounced back after Friday's selloff as inflation expectations eased. The dollar no significant breakthroughs were announced after the first day of talks and stocks pared some of their earlier gains, US officials sounded optimistic about the negotiations. With a key inflation read on tap Wednesday - as the Federal Reserve enters a blackout period before its June 18 interest-rate decision - money managers are wrestling with what could propel the S&P 500 back to a record after the index soared 20% from its April lows.'Markets have moved higher on tariff postponement and the perception that they will be more moderate than initially announced,' said Richard Saperstein at Treasury Partners. 'We expect markets to remain headline-sensitive, as trade deals take time to negotiate and unsettling tariff news is likely to cause noticeable volatility.'The S&P 500 eked out a small gain, remaining nearly 2% away from its February peak. Tesla Inc. jumped about 4.5% as President Donald Trump reiterated the desire to end his spat with Elon Musk. Apple Inc. slipped over 1% as it didn't feature any noticeable artificial-intelligence advancements during a developers Commerce Secretary Howard Lutnick said discussions between Washington and Beijing were 'fruitful' and Treasury Secretary Scott Bessent cited a 'good meeting.''We are doing well with China. China's not easy,' Trump told reporters at the White House on Monday. 'I'm only getting good reports.'Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official evidence that the tariffs are impacting trade between the two biggest economies came on Monday with data showing Chinese shipments to the US last month had the worst drop in more than five Nothing to Fear? US Stocks' Risk Premiums Sit at Multidecade LowStill, Wall Street strategists are growing optimistic about US stocks, with forecasters at Morgan Stanley and Goldman Sachs Group Inc. suggesting resilient economic growth would limit any pullback over the Stanley's Michael Wilson said a sharp improvement in Corporate America's earnings outlook bodes well for the S&P 500 into the year end. He reiterated his 12-month price target of 6,500 points. The gauge closed at 6,005.88 platinum extended its surge as the market for the precious metal strains under signs of severe tightness. Spot prices jumped as much as 4.6%, following last week's 10% increase, to trade above $1,200 an ounce, the highest level since May week, silver jumped to a 13-year high. Silver, platinum and palladium were aided by technical momentum as well as improving fundamentals.
Time of India
3 days ago
- Business
- Time of India
Asian stocks to advance as US-China talks continue
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares in Asia were poised to open stronger on Tuesday, buoyed by US-China trade talk expectations as officials struck a positive tone after the first day of negotiations. Equity-index futures showed shares in Tokyo, Hong Kong and Shanghai may trade higher, while Sydney stocks looked flat. US and Chinese officials were set to resume their dialogue on Tuesday. The Nasdaq Golden Dragon China Index rose 2.1%. Bonds bounced back after Friday's selloff as inflation expectations eased. The dollar no significant breakthroughs were announced after the first day of talks and stocks pared some of their earlier gains, US officials sounded optimistic about the negotiations. With a key inflation read on tap Wednesday - as the Federal Reserve enters a blackout period before its June 18 interest-rate decision - money managers are wrestling with what could propel the S&P 500 back to a record after the index soared 20% from its April lows.'Markets have moved higher on tariff postponement and the perception that they will be more moderate than initially announced,' said Richard Saperstein at Treasury Partners. 'We expect markets to remain headline-sensitive, as trade deals take time to negotiate and unsettling tariff news is likely to cause noticeable volatility.'The S&P 500 eked out a small gain, remaining nearly 2% away from its February peak. Tesla Inc. jumped about 4.5% as President Donald Trump reiterated the desire to end his spat with Elon Musk. Apple Inc. slipped over 1% as it didn't feature any noticeable artificial-intelligence advancements during a developers Commerce Secretary Howard Lutnick said discussions between Washington and Beijing were 'fruitful' and Treasury Secretary Scott Bessent cited a 'good meeting.''We are doing well with China. China's not easy,' Trump told reporters at the White House on Monday. 'I'm only getting good reports.'Talks will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements. The advisers will meet again Tuesday at 10 a.m. in London, the official evidence that the tariffs are impacting trade between the two biggest economies came on Monday with data showing Chinese shipments to the US last month had the worst drop in more than five Nothing to Fear? US Stocks' Risk Premiums Sit at Multidecade LowStill, Wall Street strategists are growing optimistic about US stocks, with forecasters at Morgan Stanley and Goldman Sachs Group Inc. suggesting resilient economic growth would limit any pullback over the Stanley's Michael Wilson said a sharp improvement in Corporate America's earnings outlook bodes well for the S&P 500 into the year end. He reiterated his 12-month price target of 6,500 points. The gauge closed at 6,005.88 platinum extended its surge as the market for the precious metal strains under signs of severe tightness. Spot prices jumped as much as 4.6%, following last week's 10% increase, to trade above $1,200 an ounce, the highest level since May week, silver jumped to a 13-year high. Silver, platinum and palladium were aided by technical momentum as well as improving fundamentals.
Yahoo
22-04-2025
- Business
- Yahoo
China tech firms eye US listings despite widespread ructions
(Bloomberg) — Beijing Smart Walnut Education Technology Co., a provider of services that help children learn to code, is one of several Chinese firms considering initial public offerings in the US despite market turmoil and friction between Washington and Beijing, according to people familiar with the matter. DOGE Visits National Gallery of Art to Discuss Museum's Legal Status Trump Gives New York 'One Last Chance' to End Congestion Fee Trump Administration Takes Over New York Penn Station Revamp The Racial Wealth Gap Is Not Just About Money Nashville's $3 Billion Transit Plan Brings a Call for Zoning Reform Walnut Coding, as Beijing Smart Walnut Education Technology is known, could seek to raise about $100 million in a US listing, the people said, asking not to be identified because the deliberations are private. Others exploring listings include computing infrastructure provider Shenzhen Cloudsky Technologies Co. and software service platforms Zaihui and Zhonghe Group, the people said. They may also seek to raise about $100 million each. The IPO plans are developing even with the threat of potential delistings coming from the US, with Treasury Secretary Scott Bessent recently saying all options are 'on the table' when asked about the matter amid trade negotiations with China. The Nasdaq Golden Dragon China Index, a gauge of US-listed Chinese firms, has sunk 23% since March 17, while the S&P 500 is down 9% in that time. No final decisions on the share sales have been made and the companies may decide not to proceed, the people said. A representative for Walnut Coding, which has backers including private equity firms KKR & Co. (KKR) and Hillhouse Investment, declined to comment. Zaihui, Zhonghe and Cloudsky didn't respond to requests seeking comment. Fewer Chinese companies have listed in the US since Didi Global Inc.'s ill-fated share sale in 2021, which sparked a regulatory crackdown on the country's internet industry and an order for the ride-hailing firm to delist. The US market's high liquidity is a lure for Chinese companies, while investment banks can earn higher fees on share sales than in other venues such as Hong Kong. Tea chain Chagee Holdings Ltd. raised $411 million this month after pricing its US IPO at the top end of the marketed range, defying the trade-war volatility. Its shares jumped 16% on their debut. —With assistance from Manuel Baigorri. (Updates with delisting threat in fourth paragraph and adds chart.) Why US Men Think College Isn't Worth It Anymore The Guy Who Connected Donald Trump to the Manosphere Eight Charts Show Men Are Falling Behind, From Classrooms to Careers How Mar-a-Lago Memberships Explain Trump's Tariff Obsession Why Brunello Cucinelli Is Well Suited for a Trade War ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
Chinese ADRs Tumble on Trump Order, Led by 10% Plunge in Alibaba
(Bloomberg) -- Chinese stocks tumbled in US trading on Monday, led by the biggest selloff in Alibaba Group Holding Ltd. since 2022, after President Donald Trump's latest directive stirred fears about deepening financial and technological decoupling between the world's two largest economies. Trump Targets $128 Billion California High-Speed Rail Project Trump Asserts Power Over NYC, Proclaims 'Long Live the King' NYC's Congestion Pricing Pulls In $48.6 Million in First Month NYC to Shut Migrant Center in Former Hotel as Crisis Eases As Visitors Discover Ghent, the City Is Trying to Prevent a Tourism Takeover The e-commerce firm's American depositary receipts closed down 10%, the biggest decline since Oct. 2022. The Nasdaq Golden Dragon China Index tumbled 5.2%, with Bilibili Inc. and Inc. among stocks that slid more than 7%. Over the weekend, Trump directed the committee on Foreign Investment in the US to limit Chinese spending on technology and other strategic US sectors. It added that the administration would audit foreign companies on US exchanges and review their ownership structures. The latter point has likely contributed to a bigger loss on Monday for Chinese stocks trading in the US, compared to the drop for those listed in Hong Kong and mainland China. The declines threaten to unravel a world-beating rally in Chinese tech stocks this year, driven by optimism over DeepSeek. Having largely downplayed Trump's initial tariffs salvo on China, investors are recalculating geopolitical risks. The selloff is more about 'sell first and ask questions later,' said Neo Wang, lead China macro analyst at Evercore ISI. 'The memo is a laundry list of everything Trump wants to do. It's more about getting some leverage and bargaining power in negotiating with China.' Read: Potential US Curbs on China Investments May Hurt AI Shares: UBS Meanwhile, Alibaba pledged to invest more than 380 billion yuan ($53 billion) on AI infrastructure over the next three years. The plan would make Alibaba one of China's biggest AI infrastructure spenders. Evercore's Wang added in a note that a 'contest is seemingly underway between Trump and Beijing over who has a bigger say over Chinese equity performance.' Despite Monday's selloff, Alibaba is up more than 50% for the year, while the Nasdaq Golden Dragon China Index has gained nearly 12%. --With assistance from Yiqin Shen and Ye Xie. (Updates throughout) Walmart Wants to Be Something for Everyone in a Divided America Meet Seven of America's Top Personal Finance Influencers Why Private Equity Is Eyeing Your Nest Egg Can Dr. Phil's Streaming Makeover Find an Audience in the MAGA Era? Anthony Levandowski Keeps on Truckin' ©2025 Bloomberg L.P. Sign in to access your portfolio
