Asia Market News and Trading Resource
June 7, 2013 Leave a comment
Happy Friday. A very light news day as China recovers 1% in US trading and LightInTheBox rises 22% in its debut on the NYSE. Retail fuel price reductions are in effect from today and China Everbright looks forward to an upcoming HK listing. Here’s what you need to know before the open.
IPO GOGOGO!
June 6, 2013 Leave a comment
Chinese shares listed in New York fall 1.5% overnight. EU trade wars will remain the hot topic of the week as China calls for dialogue. PBOC ready for deposit insurance. Shenzhen home prices hit new high and Huawei launches its flagship smartphone. Here’s what you need to know before the open!
June 6, 2013 Leave a comment
Whoops. Baidu down! Biggest single day loss since 2011
June 5, 2013 Leave a comment
Need to make a correction?
Internet names, Sohu.com (SOHU) and Qihoo 360 (QIHU) led stocks lower overnight after 20+ % rallies in May. Read More, Bloomberg
May 31, 2013 Leave a comment
Chinese stocks rebounded in New York as Trina Solar Ltd. (TSL) climbed after Goldman Sachs Group Inc. upgraded U.S. solar companies, while Spreadtrum Communications Inc. (SPRD)surged on an improved industry outlook. Read More, Bloomberg
May 24, 2013 Leave a comment
The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. slid 1.3 percent to 92.64 in New York, the lowest since May 3. Casino operator Melco Crown declined to a one-month low and China Unicom, the nation’s second-largest mobile-phone company, sank the most since January. Read More, Bloomberg
May 22, 2013 Leave a comment
The Bloomberg China-US Equity Index of the most-traded Chinese stocks in the U.S. sank 1 percent to 96.03 led by Huaneng Power. Read More, Bloomberg
May 21, 2013 Leave a comment
Expect financials to come under pressure today as Muddy Waters makes a scene, GS completes its ICBC (H-Share) sale and the Party reprimands yet another former senior banker for bribery and corruption. It is a new world order, and China is cleaning house. Pork prices are set to gain this year despite the ‘bay of pigs’, Baosteel cuts Shanghai capacity and Bank of America’s China economist estimates actual trade surplus is 1/10th of reported. It will be an interesting trading day. Here are the headlines you need to know!
BUSTED (Yang Kun pictured below during better times)… How times have changed for China’s business elite.
May 21, 2013 Leave a comment
Chinese equities rose to the highest level in three months in New York as Pactera Technology International Ltd. (PACT) jumped after receiving a proposal to go private and Qihoo 360 Technology Co. climbed to a record high on a stronger-than-estimated sales forecast. Read More, Bloomberg
May 14, 2013 Leave a comment
Local papers are pushing the yuan band expansion story. Moody’s is beating the shadow banking drum, but who really cares what a credit agency says anymore. Vice Premier Wang Yang is grabbing a quick dim sum with Warren Buffet today in Beijing. Shanghai housing data, PBOC 3 month paper and govt support for chickens. Here’s what you need to know!!
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