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Top related persons:
— CNBC's Evelyn Cheng - 5 Piper Sandler - 1 Nancy Lazar - 1 Lazar - 1 Hong - 1 Hong Kong's - 1 Vedant Patel - 1 John Lee - 1
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China U.S Beijing Asia Shanghai Hong Kong China's Hong Kong . Hong Kong
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Beijing - 2 U.S - 2 Tech - 1 Street Journal - 1 VanEck Semiconductor - 1 Devices - 1 Intel - 1 U.S . State Department - 1

Search resuls for: "— CNBC's Evelyn Cheng"


6 mentions found


☆ Tech companies are heavily exposed to China, putting gains at risk, Piper Sandler says
  + stars: | 2024-04-24 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Tech stocks are heavily exposed to China, which could put gains at risk, according to Piper Sandler. Tech companies are especially vulnerable to any weakness in China, with semiconductor businesses notably generating more than 30% of their sales in the country, the note read. In April, the VanEck Semiconductor ETF (SMH) has dropped about 7%, underperforming the S & P 500's more than 3% decline during the same period. "S & P large caps have near-record exposure to a China that is wobbly economically, with an increasingly authoritarian Heavy Hand of regulation," Lazar wrote Wednesday. S & P Global Ratings this week noted the country could be in for a new wave of bond defaults that could come as soon as next year, further fueling those worries.
Persons: Piper Sandler, Nancy Lazar, Lazar, — CNBC's Evelyn Cheng Organizations: Tech, Street Journal, VanEck Semiconductor, Devices, Intel Locations: China, Beijing, Shanghai
☆ 'Hong Kong is China's Hong Kong': Beijing hits back at U.S. for 'slandering' city's new security law
  + stars: | 2024-03-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
The flags of China and Hong Kong displayed in rows. China's embassy hit back against U.S. criticism of Hong Kong's new national security law on Thursday, saying the U.S. should "respect China's sovereignty." Hong Kong lawmakers passed a new national security law on Tuesday which critics say grants the government more power to quash dissent. "Hong Kong is China's Hong Kong. Hong Kong affairs are purely China's internal affairs, which no country is in the position to point fingers at or interfere in," a spokesperson said on Wednesday.
Persons: Hong, Hong Kong's, Vedant Patel, John Lee, Wang Yi, — CNBC's Evelyn Cheng, Clement Tan Organizations: U.S . State Department, Kong's Legislative, China's, Beijing, China - Locations: China, Hong Kong, U.S, China's, Hong Kong . Hong Kong, Kong's, China - U.S
☆ Top China, U.S. military leaders hold first meeting in more than a year
  + stars: | 2023-12-22 | by ( Clement Tan | ) www.cnbc.com   time to read: +4 min
Other Southeast Asian countries such as Brunei, Indonesia, Malaysia, and Vietnam also claim parts of the South China Sea. "The key to developing a healthy, stable, and sustainable military-to-military relationship is ... a correct understanding of China," China's Defense Ministry said in a readout of the Brown-Liu virtual call. China has consistently maintained its claim over self-governed Taiwan and the majority of the South China Sea. The U.S. has documented more than 180 coercive and risky air intercepts against its aircraft in the region between 2021 and 2023, according to its latest China Military Power Report. This includes their bilateral Defense Policy Coordination Talks, Military Maritime Consultative Agreement talks, and opening lines of communication between the leaders of the respective military commands in the South China Sea and the broader Pacific.
Persons: Cope, Charles Brown, Liu Zhenli, Joe Biden, Xi Jinping, General Brown, General Liu, Nancy Pelosi, Brown, Liu, — CNBC's Evelyn Cheng Organizations: Air Force, Clark Air Base, U.S, Joint Chiefs of Staff, Economic Cooperation, Biden, Beijing, U.S ., Defense Ministry, U.S . Defense Department, People's Liberation Army, Maritime, Eurasia Group Locations: Philippines, Mabalacat, Pampanga, Asia, San Francisco, Eurasia, China, Taiwan, Beijing, Singapore, Manila, South China, Brunei, Indonesia, Malaysia, Vietnam, United States, The Hague, U.S, South
☆ U.S. crude oil prices fall below $78 a barrel to their lowest since July
  + stars: | 2023-11-07 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +2 min
An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. U.S. crude prices on Tuesday fell below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war could erupt into a broader regional conflict. Beijing's crude oil imports rose by volume and value in October, but the country's overall exports fell more than expected, indicating slowing global demand. The data out of China offset the effect of Saudi Arabia's and Russia's oil output cuts, which lifted oil prices earlier in the week. Oil prices had spiked in the week following Hamas' devastating terrorist attacks on Israel on concerns that the war could escalate into a broader regional conflict that disrupts oil supply.
Persons: Brent, Neel Kashkari, Kashkari, — CNBC's Evelyn Cheng Organizations: West Texas, Minneapolis Federal, Bloomberg Television, CNBC PRO Locations: Odessa , Texas, Israel, China, Minneapolis, U.S, Saudi, Riyadh, Moscow
☆ 'Pain trade': UBS CIO warns of bear trap as Chinese stocks rise
  + stars: | 2023-08-30 | by ( Lucy Handley | ) www.cnbc.com   time to read: +2 min
The recent rally in Chinese stocks could catch investors out, according to a UBS chief investment officer, who warned of a "pain trade." He added that, if the positive news continues, Chinese markets could climb further. Tactical trade However, Zuercher said there could be a "tactical trade" over the coming weeks or months, as hedge funds potentially suffer. I do think a lot of hedge funds are also probably mispositioned in this area," Zuercher said. Hedge funds often use a long-short strategy, where they buy stocks in the same sector, betting that one will go up and the other down.
Persons: Gina Raimondo, Adrian Zuercher, CNBC's, Zuercher, — CNBC's Evelyn Cheng, Elliot Smith Organizations: UBS, U.S Locations: Asia, Pacific, U.S
☆ European markets head for lower open as Covid protests in China continue
  + stars: | 2022-11-28 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: 1 min
European markets are heading for a lower open on Monday as investors keep a close eye on unrest in China as protests against strict Covid measures and lockdowns erupted over the weekend. The unrest came as infections surged, prompting more local Covid controls, while a central government policy change earlier this month had raised hopes of a gradual easing. Youth unemployment has neared 20%. Hong Kong stocks led losses in a negative Asia-Pacific session on Monday amid the unrest in China over its continued zero-Covid policy. Oil futures hovered around new 2022 lows as demand concerns over the world's second-largest consumer of oil weighed on prices.
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