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Asia Stocks Set to Drop as China Traders Return: Markets Wrap

February 2, 2020 admin Comments Off on Asia Stocks Set to Drop as China Traders Return: Markets Wrap

(Bloomberg) — Traders braced for the reopen of mainland Chinese markets on Monday, with stocks across the Asia Pacific region set for further declines as the deadly virus outbreak showed no signs of slowing.Futures indicated declines in Tokyo, Hong Kong and Australia after the S&P 500 Index on Friday slumped 1.8%. Investors are also assessing intervention from China’s central bank, which is providing more than $21 billion of liquidity in a bid to support markets and its economy. Among the weekend’s coronavirus developments, a man died in the Philippines in the first fatality outside China.The offshore yuan was steady early …read more […]

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No Reprieve for Emerging Markets as Traders Brace for China Rout

February 2, 2020 admin Comments Off on No Reprieve for Emerging Markets as Traders Brace for China Rout

(Bloomberg) — Fresh from their worst month since August, emerging-market stocks and currencies are headed for more tumult as investors weigh the economic shocks from the coronavirus outbreak.Investors are bracing for a selloff in Chinese stocks and bonds when the mainland’s financial markets reopen on Monday for the first time since Jan. 23 after the extended Lunar New Year holidays. Even a slew of measures from the nation’s regulators to shore up the financial system — including a money-market injection that will probably total 150 billion yuan ($21.7 billion) on a net basis on Monday — won’t be enough to …read more […]

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China moves to limit short selling as virus looms over market reopening

February 2, 2020 admin Comments Off on China moves to limit short selling as virus looms over market reopening

China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources with direct knowledge of the matter told Reuters. The sources said China Securities Regulatory Commission (CSRC) had issued a verbal directive to brokerages including Citic Securities Co. and China International Capital Corp. to bar their clients from selling borrowed stocks on Feb. 3. It was not clear if the suspension — which was first reported on Sunday by Chinese media outlet 21st Century Business Herald — would be extended beyond …read more […]

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Needham: These 2 “Strong Buy” Retail Stocks Can Win Big in 2020

February 2, 2020 admin Comments Off on Needham: These 2 “Strong Buy” Retail Stocks Can Win Big in 2020

The retail industry has had to adapt to a new paradigm since the turn of the century. The rise of e-commerce has changed the way consumers shop, with brick-and-mortar stores finding it difficult to compete with the ease of online shopping. For these names, it comes down to the reigning mantra of adapt or die.Investment firm Needham recently surveyed its shopping basket of retail stocks under coverage in order to reassess how they look going into the year ahead. “We favor companies with strong secular tailwinds, those with discounted valuations that can benefit from self-help, and premium brands with pricing …read more […]