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☆ Opinion | 2024, I’d Like You to Meet 1892
▼ + stars: | 2024-04-11 | by ( Jon Grinspan | ) www.nytimes.com time to read: +1 min

By 1892, a giddily consumerist, venomously partisan Gilded Age society had gotten good at churning out campaign tchotchkes. The 1892 election marked Cleveland and Harrison’s second contest against each other. The repeated, deadening matchups of Cleveland and Harrison in 1888 and 1892 did just that. There are other rematches in American presidential history, but 1892 was the only time a sitting president lost re-election, ran four years later against his vanquisher, and won. That weird race has a message for all those planning to hit snooze on the coming campaign: Great political change can unfold when the system seems woefully stalled.

Persons: Grover Cleveland, Benjamin Harrison, Cleveland, Harrison, tchotchkes Organizations: Cleveland, Biden, Trump Locations: Cleveland

☆ 'Good times beget good times': JPMorgan Asset Management's global strategy chief explains why expensive US stocks can keep rising — and 4 top places to invest now
▼ + stars: | 2024-04-02 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Read previewHistory says US stocks' idyllic start to the year is sustainable, as does the chief global strategist at $2.9 trillion JPMorgan Asset Management. Advertisement"The market has momentum, and so good times beget good times," Kelly told Business Insider in a recent interview. JPMorgan Asset Management"There is a certain amount of fluff in those valuations, and I think that is somewhat dangerous," Kelly said. JPMorgan Asset ManagementOutside equities, Kelly said investors should consider adding exposure to alternative assets like real estate and transportation. "The overall buffet table of investment opportunities is being expanded, even for individual investors," Kelly said.

Persons: —, David Kelly, Kelly, David Rosenberg, Jon Wolfenbarger, Rosenberg, Kelly doesn't, it's, Kelly didn't Organizations: Service, Asset Management, Business, JPMorgan Asset Management, Bulls, Apple, JPMorgan, Management, Companies, Nikkei, P Transportation, Trust Nasdaq Transportation Locations: Truist, Europe, United Kingdom, Japan

☆ A psychologist shares 4 subtle signs a patient has OCD, even if they don't realize it
▼ + stars: | 2024-03-17 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

"There is also a wide swath of experience that happens underneath the surface for people with OCD," Riven said. "It's very common to see individuals with OCD experience a lot of distress that can go entirely undetected by people in their lives because it's all happening privately in the mind." He shared some of the lesser-known OCD symptoms, many of which can be subtle or tricky to spot. He said everyone has intrusive thoughts, such as steering your car into the opposite lane, from time to time. AdvertisementTo distinguish if it's a possible symptom of OCD, Riven asks questions to understand how much a patient analyzes those intrusive thoughts.

Persons: —, Levi Riven, Riven, they've Organizations: Service, Business

☆ Goldman loves these stocks but the rest of Wall Street does not
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Investors who take the risk of owning certain unloved stocks could see outperformance down the road, according to Goldman Sachs. This basket of stocks consists of buy-rated names on which the firm's analysts are out of line with the rest of Wall Street. Here are a few of Goldman's differentiated buy names. About a quarter of analysts covering the stock have given it a buy or strong buy rating, according to LSEG. The pet retailer has buy or strong buy ratings from about one-third of Wall Street analysts covering the name, per LSEG.

Persons: Goldman Sachs, Warren Buffett, Goldman, Deep Mehta, Instacart, Petco, Ron Coughlin Organizations: Investors, The New York Times, Citi, Capital, JPMorgan, Petco, Wall Street Locations: 2024E

☆ Nvidia's terrible Friday gives traders a preview of what a momentum unwind would look like
▼ + stars: | 2024-03-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 Volatility Index finished the week near 15 and is in a clear three- month uptrend from its mid-December low near 12, even as the S & P 500 has gained 10% since then. In fact, Friday the market minimized the headline damage to a mere two-thirds-percent dip in the S & P 500 through its signature rotational impulse. Some indicators — such as speculators remaining net short S & P 500 futures and brokerage strategists' muted index targets — imply the helpful wall of worry is not quite fully scaled. Since then, the S & P has delivered a 16.7% annualized total return, even after two bear markets and two other severe/prolonged corrections. And the S & P is only up 7% from its high 26 months ago, hardly in thin air.

Persons: what's, Eli Lilly, Martin Marietta, Nick Colas, Scott Chronert Organizations: Federal, Nvidia, Costco, pharma, Martin Marietta Materials, Vulcan, 3Fourteen Research, NYSE, Nasdaq, DataTrek, Citi

☆ CNBC Pro Talks: Fund manager reveals his favorite 'Magnificent 7' alternatives and more
▼ + stars: | 2024-02-21 | 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 EmailCNBC Pro Talks: Fund manager reveals his favorite 'Magnificent 7' alternatives and moreA no-landing scenario for the U.S. economy could mean a rally in some currently unloved stocks, according to Freddie Lait, chief investment officer at Latitude Investment Management. Lait nevertheless warned that the current market rally is very narrow and "Magnificent Seven" stocks could face trouble, if interest rates stay higher for longer, or if earnings growth slows.

Persons: Freddie Lait, Lait Organizations: Latitude Investment Management Locations: U.S

☆ 'Hidden gems': UBS names 5 global small-cap stocks — giving one 77% upside
▼ + stars: | 2024-02-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

UBS has uncovered small- and medium-sized overlooked stocks across Europe that offer substantial upside potential. Of those, the five stocks below stand out for having the biggest upside potential, according to FactSet's consensus price targets. The five stocks had a high UBS "composite value score," indicating they are cheap relative to their book value. Finally, UBS screened for stocks with a relatively low short-selling in them — the practice of betting on the stocks falling. The bank had previously said small- and mid-cap companies are a "preferred" segment for investing in 2024.

Persons: Sutanya Chedda, — CNBC's Michael Bloom Organizations: UBS Locations: Europe

☆ Oil stocks share a bullish similarity with semis, but 'no one cares,' VanEck CEO says
▼ + stars: | 2024-02-10 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal. The companies are arguably the next best cash flowing companies [compared to] the semiconductors ," he told CNBC's "ETF Edge" this week. "They're trading at double-digit cash flow yields for E&Ps [exploration and production] and sectors in the oil market. His firm runs the VanEck Oil Services ETF . Strategas' Todd Sohn also characterizes oil stocks as unloved and sees potential for a turnaround.

Persons: Jan van Eck, CNBC's, Baker Hughes, van Eck, Strategas, Todd Sohn Organizations: VanEck Oil Services, Schlumberger, Halliburton

☆ CNBC Pro Talks: From AI to U.S.-China rivalry, one CIO shares how — and where — to invest
▼ + stars: | 2024-01-24 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

From electric vehicles, artificial intelligence and geopolitics, opportunities are seized by looking at disruptive changes in the global economy, according to Kingsley Jones of boutique advisory firm Jevons Global. Jones is bullish on the usual Big Tech names, but says they're "boring." "This year our attention has turned to under-valued growth stocks that are natural beneficiaries of AI," he added. To discover more on the themes — and stocks and ETFs — that Jones likes, join CNBC Pro Talks on Thursday, Jan. 25, at 6:30 a.m. BST / 2:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: Portfolio manager explains why he has the 'most conviction' in this China tech stock Fund manager reveals the one energy stock to buy right now Forget Tesla.

Persons: Kingsley Jones, Jevons, Koulouris, Jones, Goldman Sachs Organizations: U.S, Big Tech, CNBC, BYD Locations: China

☆ Goldman Sachs says it's time to buy this unloved global sector — and names some top stocks
▼ + stars: | 2024-01-15 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Europe's utilities sector may have come under pressure over the past three years, but Goldman Sachs says a shift is underway, naming stocks to play the industry in 2024. But things are looking up for Europe's utilities sector, according to Goldman Sachs' analysts led by Alberto Gandolfi. Stock picks German energy company RWE is among the stocks highlighted by Goldman, which said it continues to value its renewables business. Goldman has a buy rating on the stock, which is also on its conviction list of top picks. The bank has a price target of 22 euros on the company, giving it just over 33% potential upside.

Persons: Goldman Sachs, Alberto Gandolfi, inflecting, Goldman, Solaria, — CNBC's Michael Bloom Organizations: Renewable Energy, U.S . Federal Reserve, Italian Hydro Locations: Ukraine, Spanish

☆ Leon Cooperman remains one of the best-known and most prolific stock pickers
▼ + stars: | 2023-12-27 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Longtime investor Leon Cooperman racked up market-beating returns before closing his hedge fund, and he still remains one of the most influential voices on Wall Street and a prolific stock picker. Cooperman converted his New York hedge fund, Omega Advisors, into a family office in 2018 to manage only his personal wealth. Cooperman recently said he still owns some of his favorite players in the sector, including Canadian companies Tourmaline Oil and Paramount Resources . In 2016, Cooperman and his hedge fund were charged with insider trading in Atlas Pipeline Partners by the U.S. Securities and Exchange Commission. Cooperman, who called the case "extraordinarily abusive," later agreed to a $4.9 million settlement but admitted no wrongdoing.

Persons: Leon Cooperman, Cooperman, bullish Organizations: Omega Advisors, Wall Street, CNBC, Oil, Paramount Resources, Atlas Pipeline Partners, U.S . Securities, Exchange Commission Locations: York

☆ In Argentina, land of the gaucho, a home for unloved old horses
▼ + stars: | 2023-12-04 | by ( Horacio Soria | ) www.reuters.com time to read: +1 min

REUTERS/Tomas Cuesta Acquire Licensing RightsBUENOS AIRES, Dec 4 (Reuters) - Lorena Melantoni dedicates her weekends running a sanctuary for abused and abandoned horses, an issue in the South American nation known for its polo and stallion-riding gauchos. "I am an option for these old horses, ones with disabilities, amputated horses, or one-eyed horses that nobody wants to take for adoption," Melantoni told Reuters. Located in Buenos Aires province, the "Let's Dream of Hope" refuge provides a place for horses that have no other home, she explained, adding that many had suffered terrible cruelty. And then, I can leave calm and happy and I say: that's it, that made my week." Reporting by Horacio Soria; Writing by Natalia Siniawski, Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Lorena, Tomas Cuesta, Lorena Melantoni, Melantoni, Horacio Soria, Natalia Siniawski, Nick Zieminski Organizations: REUTERS, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, American

☆ Here’s what the S&P 500’s summer hot streak can teach us about the late 2023 rally and its staying power
▼ + stars: | 2023-12-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

In the final run-up to the late-July peak in stocks this column surveyed the rally , and asked, "Enough for now? .SPX YTD line The S & P 500's year-to-date performance Yes, the market is overbought by various technical measures. Meanwhile, Wells Fargo and Barclays are seeing the S & P 500 as dead money next year, at best. The virtues of owning the S & P 500 passively have always been low cost, tax efficiency, low turnover and broad exposure to the asset class. While 2021 was a Nasdaq 100 melt-up year, 2022 was the mirror image: Big Tech got blasted and the equal-weight S & P 500 held up better.

Persons: Goldman Sachs, Morgan Stanley, Wells, Jack Bogle, Alan Greenspan's Organizations: Federal, Deutsche, Deutsche Bank and Bank of America, Barclays, Hamas, Nasdaq, Nvidia, Meta, Apple, Microsoft, Big Tech, matchless, Treasury Locations: Wells Fargo, Israel

☆ A comeback bet on a cheap drug stock that's missed the market rally and is at a 52-week low
▼ + stars: | 2023-11-29 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

In a market that is trending higher, most stocks are trading at levels where the risk/reward is unfavorable to enter new long positions. During times like these, a contrarian view is required to find bullish opportunities where the risk/reward balance is still favorable. One such stock that is unloved by most analysts and trading at a new 52-week low is Bristol-Myers Squibb (BMY) , but that is why I think it's worth investigating. After declining nearly 40% over the past 12 months, BMY is starting to approach levels that should interest a long-term investor. Additionally, multiple drugs in their pipeline that have been approved this past year are starting to see strong quarter-over-quarter sales growth.

Persons: BMY Organizations: Myers Squibb, FDA Locations: Bristol

☆ How to make your money work for you over the next decade
▼ + stars: | 2023-11-28 | by ( James Faris | William Edwards | ) www.businessinsider.com time to read: +16 min

"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.

Persons: —, Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries

☆ Dollar nurses losses as US rates seen peaking
▼ + stars: | 2023-11-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The index , which measures the dollar against a basket of six major currencies, fell 1.9% last week alongside a big rally in U.S. The yuan also hit a three-month high on the dollar on Monday as the central bank guided it higher. "The dollar continues to struggle, with the dollar index breaking below 104 on Friday and (now) below 103.5 ... as markets decide that the Fed is done," analysts at ANZ said in a note. The Australian dollar was marginally firmer at $0.6561, just below Monday's three-month high of $0.6564. The New Zealand dollar was steady at $0.6040.

Persons: Pierre Wunsch, Kit Juckes, Christine Lagarde, Tom Westbrook, Jacqueline Wong Organizations: European Central Bank, New Zealand, ANZ, Conference, Federal Reserve, Futures, Generale, U.S, Thomson Locations: SINGAPORE, Asia, U.S, Japan, Tokyo

☆ Leon Cooperman says it's a stock picker's market. Here are his new favorite bets
▼ + stars: | 2023-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman thinks that it's a stock picker's market and only individual names will offer value for investors as the overall market struggles. Cooperman became overweight the energy sector about two years ago when the group was still unloved. On the broader market, Cooperman recently said investors might not see a new high for a long time, partly because of the risk of a fiscal crisis. "Ultimately, we will have a crisis in public sector finance, and the market is not discounting a crisis. He said he would be very surprised if the S & P 500 climbs above 4,600 anytime this year.

Persons: Leon Cooperman, Cooperman Organizations: Omega Advisors, Devon Energy, Ashland Global Holdings, Cooper Group, Lithia Motors, Apollo Global Management

☆ Morning Bid: Catching breath as Nvidia update due
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. The dollar (.DXY) continued to fall, however, with its DXY index down for the fourth day to its lowest since August. Dollar losses were broad based, but China's yuan appeared to lead the way to its strongest level since July 27. In Europe, sterling pushed higher ahead of expected tax cuts at Wednesday's budget speech from UK finance minister Jeremy Hunt. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Sam Altman, OpenAI, hoover, LSEG, Jeremy Hunt, Siena, Christine Lagarde, Isabel Schnabel, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Microsoft, Tech, Nvidia, St, Wall, Treasury, Reserve, Bank of, Monday, Philadelphia Federal, European Central Bank, ECB, Lowes, Autodesk, Devices, Jacobs Solutions Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Bank of China, China, St, Europe, Britain, Italy, Chicago, Canada

☆ An aggressive bullish trade betting on the rapid comeback in small-cap stocks
▼ + stars: | 2023-11-15 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +6 min

Small caps have been struggling versus their peers as a rising interest rate environment has absolutely punished these growth companies. My thesis of small caps finally getting up off the mat is based upon my recent and lonely call of U.S. Treasury yields relenting. In addition, I have repositioned my model portfolios' exposure to include small caps for the remaining six trading weeks of 2023. "Bid" meaning that I am not alone in this idea of small caps finding some legs between now and the end of the year. This risk reversal is being used as an aggressive bull trade.

Persons: Russell, IWM Organizations: Nasdaq, Treasury, Fed

☆ Euro finds footing on hawkish policy remarks, lower energy prices
▼ + stars: | 2023-11-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The Australian dollar fell 0.5% overnight and was last at $0.6405, just above its 50-day moving average. It seems set for its largest weekly fall since June, as the central bank appeared to raise the bar for further hikes after lifting rates on Tuesday. In Asia, China's yuan touched a two-month high in overnight offshore trade. China's consumer prices fell in October, data showed on Thursday, stoking expectations for lower interest rates.

Persons: Dado Ruvic, Gabriel Makhlouf, Joachim Nagel, Jane Foley, Mario Draghi, Brent, Ping, Michael Wan, Jerome Powell, Tom Westbrook, Christian Schmollinger Organizations: REUTERS, Central Bank's, Bank of Japan, Rabobank, Treasury, New Zealand, Canadian, Italian, ECB, Financial, Reuters, Ping An Insurance Group, HK, MUFG, Bank of Israel, Thomson Locations: SINGAPORE, Ireland's, U.S, Asia, Europe, Singapore, East, Gaza City

Reviewing refereeing decisions has come a long – and increasingly unloved – way from the VAR (video assistant referee) project first trialed by FIFA in 2016. Two days earlier, Arsenal coach Mikel Arteta lashed out at “an absolute disgrace” to allow Newcastle a decisive goal after a triple-layered VAR review. “Significant human error,” the league officials' group acknowledged after Tottenham's 2-1 win that is still title-chasing Liverpool's only loss in the league. Former Australia coach Postecoglou said he is traditional and prefers soccer without VAR, where all accept occasional mistakes and respect the referee. “You can’t tell me referees are in control of games,” Postecoglou said Monday.

Persons: Mikel Arteta, Massimo Busacca, ” Busacca, “, ”, Ange Postecoglou, Bjorn Kuipers, Thierry Henry’s, we’re, Postecoglou, Liverpool's, Busacca, ” Postecoglou, “ They’re Organizations: FIFA, Tottenham, Chelsea, English Premier League, Arsenal, Newcastle, Premier League, Associated Press, ” Tottenham, Burnley, Bournemouth, Norway, League, Former, Swiss FIFA Locations: Russia, Zurich, France, Ireland, Liverpool, Former Australia

☆ A 'once-in-a-generation' market opportunity thanks to some unfamiliar names
▼ + stars: | 2023-11-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why the market might be on the cusp of a once-in-a-generation investing moment (but not with the names you're familiar with). The big storyUnder the radarA trader looks at market charts on the floor of the New York Stock Exchange on January 18, 2023. Angela Weiss/AFP/Getty ImagesWhen it comes to the stock market, the real value is in the crumbs. AdvertisementAdvertisementThe former chief investment strategist at Merrill Lynch views the chance to get in on less-glamorous stocks as a "once-in-a-generation" opportunity. The end of the AI market boon.

Persons: —, Stanley, Angela Weiss, Richard Bernstein, Merrill Lynch, Insider's Jennifer Sor, Bernstein, Jennifer, Brendan McDermid, Fundstrat's Tom Lee, Charlie Munger, Warren Buffett's, Munger, there's, Berkshire Hathaway, Bill Smead, Smead, Kendrick Lamar's, Rishi Sunak, Linda Yaccarino, Hitler, Elon Musk, carles miro, Getty, Tyler Le, Gen Zers, Zers, Donald Trump, OpenAI, OpenAI DevDay, Adolphe Sax, Martha Stewart, Lexie Moreland, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Bank of America, REUTERS, Elon, AI, Trump, Trump Organization, OpenAI Locations: Victoria, New York City, San Diego, London, New York

☆ War Hasn’t Stopped the Kyiv Biennial. It’s Multiplied It.
▼ + stars: | 2023-11-03 | by ( Jason Farago | More About Jason Farago | ) www.nytimes.com time to read: +2 min

Like so many good things about Ukrainian culture, the Kyiv Biennial was born out of the Maidan Revolution, the 2014 democratic uprising that ousted the country’s Kremlin-backed president. Maidan ushered in a nationwide cultural renewal, and Kyiv enjoyed an explosion of activity in art, fashion and, especially, electronic music. That decolonial approach to the Soviet past has taken on profound new importance during the full-scale war. As Russia continues its direct assault on Ukrainian cultural heritage, Ukrainian authorities are ripping down statues and sanding away murals. The 2023 Kyiv Biennial does not want to show its Viennese public a calamity taking place “elsewhere.” It wants to demonstrate that we are all already facing threats to a common democratic future — and it is too late to duck the fight.

Persons: unloved, ” Cherepanyn, Steyerl, Wolfgang Tillmans Organizations: Kyiv Biennial, Kyiv Locations: Crimea, Soviet, Russia, Vienna, Ukraine, Dnipro, biennials

☆ Forget the megacaps. Bernstein likes these global stocks from an 'unloved' corner of tech
▼ + stars: | 2023-10-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"Going forward, we still find valuation/earnings support for value tech stocks over growth or expensive tech names," the analysts wrote. "We would recommend avoiding expensive tech names as well as tech stocks that are unprofitable and expected to remain unprofitable." These are some names in its screen of value Asia tech stocks: MediaTek , JD.com , Lenovo Group , Foxconn Technology and Samsung SDS. And these are some of those that showed up on its screen of high-growth Asia tech stocks: Naver , SK Hynix , AAC Technologies , Luxshare and Kakao Games. On the whole, Bernstein is relatively positive on the Asia tech sector.

Persons: they're, Bernstein, we've, — CNBC's Michael Bloom Organizations: Stock, Lenovo Group, Foxconn Technology, Samsung SDS, SK Hynix, AAC Technologies, Kakao Locations: Asia, China, U.S

Investors were also excited by Tuesday's approval of an additional 1 trillion yuan ($136.76 billion) of sovereign bond issuance. Drawing investors back into China's $10.5 trillion stock market, particularly the foreign buyers that have fled in droves this year, would stem further slides in a market which fell to its lowest since 2019 earlier this week. "China's central government is endorsing the stock market," said Qi Wang, chief investment officer of UOB Kay Hian's wealth management division in Hong Kong. Huijin last bought ETFs during the 2015 stock market crash, and during the money market liquidity crunch in 2013. Still, China's stock markets have to overcome earlier heavy selling from foreigners, burnt by Xi's previous crackdowns on internet companies and other sectors, and its earlier stringent zero-COVID policy.

Persons: China's, Huang Yan, QiuYang, Huang, Pan Gongsheng, Qi Wang, UOB Kay, Huijin, Fabiana Fedeli, Fedeli, Goldman Sachs, Samuel Shen, Ankur Banerjee, Brigid Riley, Vidya Ranganathan Organizations: Central Huijin Investment, Shanghai QiuYang, People's Bank of China, Sino, CSI, Huijin, China Asset Management Co, Singapore's United Overseas Bank, G Investments, Thomson Locations: SHANGHAI, SINGAPORE, Shanghai, China, Hong Kong, Tokyo

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