China has said it is willing to assist Europe in its current financial crisis, but investors shouldn't mistake its role as a supporter for that of a savior.
Yahoo! may not be the web darling that it once was, but it does own a large stake in one of the most promising tech companies in China. Jim Trippon is keeping a close eye on how this gem will play out.
Hong Kong opened lower after Tuesday's sharp rise and retreated further in the early afternoon in line with a drop in Asian and Mainland Chinese markets but gained back some losses before closing.
After a long, frightening battle, on Monday U.S. politicians acted to take a catastrophic U.S. default off the table. And after weeks of growth stunted partly because of worries about that default, China stocks in Hong Kong are poised to rise.
Hong Kong blue chips broke above the 25,000 barrier after visiting Chinese Vice Premier Li announced new measure for RMB use in Hong Kong, but fell back due to profit-taking.
News that European authorities are devising a plan to shore up big banks threatened by the region's debt crisis helped ignite a strong rebound in the substantially oversold Hong Kong market.
Healthy rebounds in European and U.S. markets and commodity prices ignited a sharp rally in Hong Kong amid increased turnover. However, heavy redemption pressure on mutual funds will make the rally hard to sustain.
Weak regional markets and S&P's downgrade of Spain's sovereign rating brought an end to Hong Kong's sharp six-day rally. Chinese inflation figures came out in line with expectations at 6.1%.
Rare earth stocks have declined sharply this year as China, responsible for 90 percent of total production, tightens supply. Now companies are beginning to replace the metals in their designs causing a decline in demand and greater opportunity for downside.
Jim takes a look at a few companies that may benefit from the upcoming electric vehicle revolution in China. The EV revolution in China will probably offer a huge cake for almost everyone.
China could significantly reduce the dependence on its imported oil, which now constitutes more than half of its oil consumption as its electric vehicle market grows.
Encouraging news about higher U.S. consumer spending and a Greek bank merger pushed Hong Kong higher in heavier trading. In addition, completion of Bank of America's sale of China Construction Bank removed uncertainty from the market.
Hope that Europe would solve its debt crisis fueled a relief rally in early trading in Hong Kong following Monday's plunge, but the rally faded in light turnover.
Hong Kong blue chips opened higher with a global rally caused by German and French efforts to ease Europe's credit concerns. Profit-taking cut into gains, but Hong Kong still ended sharply higher.
Optimism over a solution to the European debt crisis and stabilized A shares on the Mainland fueled another round of sharp increases in strong turnover in Hong Kong.
Stocks are up today as the market is hoping that the Federal Reserve will announce a new round of stimulus on Friday. Promising data from China and Germany also helped to boost sentiment.
Leading tech and social media names down on no news, Caterpillar propping up DJIA.
- Troubled ICBC vehicle China Credit Trust saved by unnamed investor