Feb.02 — Paul Sandhu, head of multi assets, quant and client advisory at BNP Paribas Asset Management, discusses the weakness in the Chinese markets from the coronavirus and where he sees them heading. He speaks on “Bloomberg Markets.” …read more […]
Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China.
China’s cut to its reverse repo rate should alleviate the shock to the real economy from a virus outbreak and is a good move to stabilize expectations and restore financial market confidence, a central bank adviser said on Monday.
Feb.02 — Hao Hong, head of research and chief strategist at Bocom International, discusses the plunge in Chinese stocks and the outlook for the yuan. Stocks plummeted by the most since an equity bubble burst in 2015 as they resumed trading to the worsening virus outbreak. Hong speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Markets: China Open.” …read more […]
SHANGHAI/SINGAPORE, Feb 3 (Reuters) – Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China. The plunge wiped almost $370 billion in market capitalisation from the benchmark Shanghai Composite index , which opened nearly 9% lower. The total number of deaths in China rose to 361 as of Sunday, and the number of infections to 17,205. …read more […]
Asian shares stumbled on Monday, oil skidded and commodities on Chinese exchanges plunged on their first trading day after a long break on fears the coronavirus epidemic will hit demand in the world’s second-largest economy
Feb.02 — Richard Harris, chief executive officer at Port Shelter Investment Management, discusses how the coronavirus outbreak is affecting economies, businesses and markets. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Markets: China Open.” …read more […]
(Bloomberg) — China reduced rates as it injected cash into the financial system Monday, with the central bank seeking to ensure ample liquidity as markets plunge. It cut borrowing costs on the funds by 10 basis points.The People’s Bank of China added 900 billion yuan ($129 billion) of funds with seven-day reverse repurchase agreements at 2.4%, according to a statement. It also injected 300 billion yuan with 14-day contracts at 2.55%. While the total is the largest single-day addition of its kind in data going back to 2004, it implies a net injection of just 150 billion yuan as more …read more […]
Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China.
China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points on Monday, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak.
Feb.02 — Tuuli McCully, head of Asia Pacific economics at Scotiabank, discusses India’s budget and her outlook for the economy. She speaks with Shery Ahn and Haidi Stroud-Watts and on “Bloomberg Markets.” …read more […]
Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China.
Union workers at Exxon Mobil Corp’s Baytown, Texas, refinery rejected a contract extension in voting completed on Friday, said sources familiar with the vote.
China’s factory activity expanded at its slowest pace in five months in January, even as an outbreak of a new virus added to risks facing the world’s second-largest economy, a private survey showed on Monday.
Shares of Malaysia’s AirAsia Group and unit AirAsia X fell on Monday, after allegations by Britain’s Serious Fraud Office that Airbus paid a bribe of $50 million to win plane orders from Asia’s largest budget airline group.
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