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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist: we are not yet at the tail end of Japan's stock market rallyFrancis Tan of UOB Private Bank discusses his outlook for Japan, South Korea and China markets. He sees further upside for Japanese stocks, due to strong fundamentals and growth in semiconductor cycle.
Persons: Francis Tan Organizations: UOB Private Bank Locations: UOB, Japan, South Korea, China
CNBC Daily Open: Risk aversion in vogue
  + stars: | 2024-04-05 | by ( Clement Tan | In Clemtan | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hong Kong's Hang Seng Index edged up 0.1%., while mainland China markets remain shut for a public holiday. The Dow Jones Industrial Average closed down Thursday 1.35% at 38,596.98 in its biggest loss since March 2023 and fourth-straight daily loss. The profit guidance for 6.6 trillion Korean won ($4.89 billion) exceeded even LSEG's estimate of 5.24 trillion won.
Persons: Korea's Kospi, Brent, nonfarm payrolls, Dow, Janet Yellen, Yellen, hasn't Organizations: CNBC, Japan, Federal Reserve, Nikkei, West Texas, Dow Jones, U.S . Federal, Treasury, American, of Commerce, Chips, Samsung Electronics, Tech, Apple Locations: Asia, China, China U.S, Guangzhou, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist explains why he has turned bullish on the Chinese equity marketYan Wang of Alpine Macro says expectations for China markets are so low it would not take much for Beijing to deliver a "positive surprise", adding that there is a "classic" mismatch between the information and price risk.
Persons: Yan Wang Locations: China, Beijing
The investment analyst team led by Gary Yu has a $140 price target and overweight rating on Baidu's U.S.-listed shares. "We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step," Yu said. For all the interest in AI stocks, China markets this year are still grappling with worries about whether Beijing is doing enough to support economic growth. They have a price target of 160 yuan on Shanghai-listed shares of Cambricon — upside of 12% from Friday's levels. They have a price target of 380 yuan on Shanghai-listed Kingsoft, up more than 50% from Friday's levels.
Persons: Morgan Stanley, Gary Yu, Yu, Ernie chatbot, Ernie, Fawne Jiang, Jiang, Baidu, Alex Yao, Yao, Geoffrey Hinton, Cade Metz, Hinton, Metz, it's, Sinodata, Microsoft didn't, EPFR, Bernstein, monetization Organizations: Bloomberg, Baidu, U.S, Huawei, Galaxy, Benchmark, JPMorgan China, Mavericks, Google, Facebook, Microsoft, Shenzhen Stock Exchange, Shanghai, China Equity Funds, Nvidia Locations: China, U.S, Shenzhen, Beijing, Shanghai
Stock markets in China rose as traders returned from a long holiday on Monday to upbeat travel data, while Hong Kong stocks fell. The CSI 300 added 0.3% as trading resumed following the Lunar New Year holidays that saw consumer spending jump higher than pre-Covid levels, according to official data. Tourism stocks led the gains, jumping 2% shortly after the open. The People's Bank of China on Sunday held a key policy rate steady as expected, as markets reassess when the U.S. Federal Reserve might start easing its monetary policy this year. China's central bank said it was holding the rate unchanged at 2.5% on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility.
Persons: Wang Yi, Antony Blinken Organizations: CSI, People's Bank of China, Sunday, U.S . Federal, China's, U.S Locations: China, Hong Kong, China's, United States, Beijing, Washington
Asia-Pacific markets were set to rise Friday, tracking Wall Street gains, with the S&P 500 notching a fresh record high. Japan's Nikkei 225 is set to extend gains, a day after the country lost its spot as the fourth-largest economy to Germany and entered into a technical recession. Nikkei futures contract in Chicago were at 38,625 and its counterpart in Osaka at 38,650 against the index's last close of 38,157.94Economic slowdown has raised hopes Japan may stick with its ultra-loose monetary policy for longer. Mainland China markets remain closed for the Chinese New Year holidays. Investors await Singapore 2024 budget, slated to be released later in the day.
Organizations: Nikkei, Investors Locations: Asia, Pacific, Australia, Germany, Chicago, Osaka, Japan, Mainland China, Singapore
Tech stocks already had a good run, and investors may be wondering if they still have further to go. The iShares Global Tech ETF, which comprises tech stocks around the world, for instance, had more than 50% returns in 2023, beating the S & P 500's 24%. Citi, which has an overweight rating on information technology within the growth cyclicals segment, is optimistic on the sector in certain markets. Overall, the bank says that it sees more gains for global stocks, giving the MSCI AC World 5% potential upside by end of the year. Investors looking for more upside in tech can consider some tech stocks in Citi's list of top "high-conviction" picks from markets across the United States, Europe, Asia-Pacific and Latin America.
Persons: It's, capex, Michael Bloom Organizations: Tech, iShares Global Tech ETF, Citi, Arista Networks, Arista Locations: China, United States, Europe, Asia, Pacific, America
Strategist discusses the outlook for China markets and economy
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConfidence boost needed among China's potential homebuyers and entrepreneurs: StrategistTai Hui, Asia-Pacific chief market strategist at J.P. Morgan Asset Management, says that's what required for the country's economy to "recover on a stronger footing."
Persons: Tai Hui Organizations: Morgan Asset Management Locations: Asia, Pacific
UOB Kay Hian discusses outlook for China's stock markets
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUOB Kay Hian discusses outlook for China's stock marketsQi Wang, UOB Kay Hian chief investment officer for wealth management, says foreign money in onshore China markets isn't significant, but "it does have a big psychological effect."
Persons: UOB Kay Hian, Qi Wang Locations: China
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stock market bounce is 'short-term exuberance', says Longview Global's Dewardric McNealDewardric McNeal, Longview Global, joins 'Fast Money' to talk China markets, the sustainability of the rally, Chinese economic stimulus and more.
Persons: Dewardric McNeal Dewardric Locations: Longview, Dewardric McNeal Dewardric McNeal, China
U.S. President Joe Biden speaks with workers while visiting CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple opens iPhone store in EuropeApple plans to open up its iPhone App Store in Europe to competitors. Some investors have been wary since Beijing has been struggling with a property debt crisis that has triggered financial risks across the broader economy.
Persons: Joe Biden, Tesla, Lagarde, Christine Lagarde Organizations: CS Wind, CNBC, U.S, Dow Jones, Nasdaq, Apple, Europe Apple, Digital Markets, European Central Bank, Pro Locations: Pueblo , Colorado, U.S, Tesla, Europe, China, Beijing
But this week, China embarked on monetary easing as it pledged to reduce the amount of liquidity that its banks are required to hold as reserves. Earlier this week, Bloomberg News, citing sources, reported that China is considering a $278 billion package to rescue its stock markets. Andrew Lapping, chief investment officer at Ranmore Fund Management , says the sharp decline in China markets is an "opportunity." "So the stock market is certainly putting much higher equity risk premium ... there are also concerns about policy direction, policy clarity ... Renewable energy: China Longyuan Power Group, China Resources Power.
Persons: Brendan Ahern, CNBC's, Andrew, Winnie Wu, Guy Spier, CNBC's Tanvir Gill, , Wu, what's, Ahern, Amundi, It's, Morgan Stanley, Michael Bloom, Evelyn Cheng Organizations: Bloomberg, Investors, Ranmore Fund Management, BofA Securities, CCP, JPMorgan, EV, UBS, Baidu, China Communications, China Construction Bank, Ping An Insurance, China Longyuan Power Group, China Resources Power Locations: China, United States, Industrials
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tesla shares plunge 12%Shares of electric vehicle maker Tesla plunged 12%, their biggest drop in over a year. Commodity markets in 'super squeeze' spotSupply disruptions and lack of investment are putting global commodity markets in a "super squeeze," according to HSBC. Some investors have been wary since Beijing has been struggling with a property debt crisis that has triggered financial risks across the broader economy.
Persons: Joe Biden, Biden, Tesla Organizations: CNBC, U.S, Dow Jones, Nasdaq, HSBC, Pro Locations: Emmaus, Emmaus , Pennsylvania, Asia, Pacific, Tesla, China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are positive on Japan and see 'deep value' in China, but market recovery will take time: CIOChristian Nolting of Deutsche Bank Private Bank shares his outlook on Japan and China markets in 2024.
Persons: Christian Organizations: Deutsche Bank Private Bank Locations: Japan, China
Financial advisory firm discusses the outlook for China markets
  + stars: | 2024-01-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina markets will be 'incredibly volatile' at least till Lunar New Year: Financial advisory firmAndrew Maynard, managing director and head of equities at China Renaissance, says a long- rather than short-term position on the China market is preferable.
Persons: Andrew Maynard Organizations: China Locations: China
Investors hesitant to move back into China markets, UBS says
  + stars: | 2023-11-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors hesitant to move back into China markets, UBS saysEva Lee, head of Greater China equities at UBS Global Wealth Management, said investors are still not fully sure of China markets due to structural issues.
Persons: Eva Lee Organizations: UBS, UBS Global Wealth Management Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould see 10% upside for China markets in 2024: UBS Global Wealth ManagementTan Min Lan of UBS Global Wealth Management explains why she is positive on China for 2024, and shares other markets in Asia that look promising in the year ahead.
Persons: UBS Global Wealth Management Tan Min Lan Organizations: UBS Global Wealth Management Locations: China, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina markets: We're looking for a 'tipping point,' investment firm saysWilliam Ma, chief investment officer at Grow Investment, says the "green shoots" are here.
Persons: William Ma Organizations: China, Grow
CNBC Daily Open: Is tech the gift that keeps on giving?
  + stars: | 2023-09-27 | by ( Clement Tan | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "I am not sure if the world is prepared for 7%," he told The Times of India in an interview. Leaders from the Writers Guild of America voted unanimously to end the strike on Wednesday. Under the agreement, AI cannot write or rewrite literary material and AI-generated material will not be considered source material.
Persons: Korea's Kospi, Jamie Dimon, Neel Kashkari, It's, Kamil Dimmich Organizations: CNBC, Nikkei, Dow Jones, JPMorgan Chase, Minneapolis Federal, Fed, Hollywood, Writers Guild of America, Writers, International Monetary Fund Locations: Asia, China, U.S, India, Hong Kong, Guyana, South America, it's
A man is reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The BOJ, as expected, maintained super-low interest rates, left its yield control policy unchanged, signalling it was in no rush to phase out its massive monetary stimulus. A surge in oil prices has also been unnerving investors, since it is likely to prolong the inflation pulse. Brent crude futures steadied at $93.51 a barrel on Friday and are up nearly 8% for September so far. Elsewhere in foreign exchange markets the expectation of sticky U.S. interest rates has supported the dollar, which reached a six-month peak on the euro overnight at $1.0671 .
Persons: Issei Kato, Kazuo Ueda, Ray Attrill, Andrew Bailey, Craig Ebert, Tom Westbrook, Edmund Klamann, Kim Coghill Organizations: REUTERS, Rights, Bank of Japan, FX, National Australia Bank, Japan's Nikkei, Seng, Federal Reserve, Bank of, Swiss National Bank, Brent, JPMorgan, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Singapore, Asia, Pacific, Hong Kong, China, Bank of England, Central, Sweden, Norway, BNZ, Wellington
UBS Asset Mgmt: Start to look into China markets now
  + stars: | 2023-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS Asset Mgmt: Start to look into China markets on recovery green shoots and investor oversellingHayden Briscoe of UBS Asset Management discusses China's slow economic recovery and highlights the strength in China's EV industry on both internal demand pickup and export prospects.
Persons: overselling Hayden Briscoe Organizations: UBS, Management Locations: China
The zoo is run by the local government, which was said to be running out of money and therefore unable to feed its charges. These vehicles are legal entities created by Chinese cities to circumvent borrowing restrictions imposed by the central government in Beijing. “Why hurt small businesses which are the weakest?”Noodle sellers in Shanghai have been fined for adding cucumber to their dishes. Last year, Beijing issued a directive forbidding local governments from imposing “arbitrary fines” to generate income, and dispatched inspection teams to check that the policy was being followed. The scale of financial stress among China’s local governments is so big that “creative” sources of income can only cover a relatively small shortfall, he said.
Persons: hadn’t, Xi Jinping’s, , Willy Lam, Lam, , Aly Song, Jiemian, Logan Wright, hasn’t, Li Qiang, Steve Tsang, Joseph Cheng, , Martha Zhou Organizations: Hong Kong CNN, Species Fund, CNN Local, China Newsweek, ” CNN, China National Radio, Washington, Jamestown Foundation, CNN, , Weibo, , SOAS China, SOAS University of London, City University of Hong Locations: China, Hong Kong, Dongshan, Liaoning, Beijing, Shanghai, Henan, Huizhou, Nanchang, Qingdao, City University of Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina has a confidence problem, says Longview Global's Dewardric McNealDewardric McNeal, Longview Global managing director, joins 'Power Lunch' to discuss China markets and more.
Persons: Dewardric McNeal Dewardric Organizations: China, Longview Global Locations: Longview, Dewardric McNeal Dewardric McNeal, China
Rebecca FengRebecca Feng is a reporter for The Wall Street Journal in Hong Kong, covering China’s markets across stocks, bonds and currency. She most recently covered the asset management industry at Ignites Asia and before that reported on the Chinese debt markets and financial regulations for GlobalCapital China. Rebecca has a master’s degree in postcolonial and world literature from the University of St. Andrews.
Persons: Rebecca Feng Rebecca Feng, Rebecca, Andrews Organizations: Wall Street, University of St Locations: Hong Kong, Asia, China
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File PhotoLONDON, Aug 11 (Reuters) - Credit distress at Chinese private developer Country Garden is likely to spill over to the country's property and financial markets, weakening sentiment and delaying the recovery of the property sector, Moody's Investors Service said on Friday. Country Garden (2007.HK) on Tuesday said it had not paid two dollar bond coupons due on Aug. 6 totalling $22.5 million. The developer's shares and bonds dropped to record lows on Friday, deepening concerns about the property sector outlook in the absence of stronger support from Beijing. Reporting by Alun John; Editing by Amanda CooperOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, Alun John, Amanda Cooper Organizations: Shanghai Country Garden, REUTERS, Moody's Investors, HK, Thomson Locations: Shanghai, China, Beijing
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