The BRICS concept is falling apart. China needs Europe and US as trading partners. Thee is no future for BRICS without Western Civilization.
Edited by linrom1, 08 January 2024 - 09:54 AM.
Posted 08 January 2024 - 09:51 AM
The BRICS concept is falling apart. China needs Europe and US as trading partners. Thee is no future for BRICS without Western Civilization.
Edited by linrom1, 08 January 2024 - 09:54 AM.
Posted 25 January 2024 - 12:51 AM
The 3x China stocks YINN fund is looking interesting and the YANG bearish fund looks like it can go down into late 2025 with it counterpart going up into that time frame.
Not sure what the fundamental reasons for a turnaround in China would be?
Edited by Russ, 25 January 2024 - 12:54 AM.
Posted 25 January 2024 - 01:00 AM
https://www.nasdaq.c...foreign-inflows
December 28, 2023 — 03:30 am EST
Written by Shanghai Newsroom for Reuters ->
Updates to add market closing levels
SHANGHAI, Dec 28 (Reuters) - China blue-chip stocks staged their biggest jump in five months on Thursday on strong foreign inflows, with overseas investors snapping up big-cap Chinese companies as policy expectations and the market's low valuation offered attractive opportunities.
** The blue-chip CSI 300 Index .CSI300 closed up 2.3%, logging the biggest gain since July 25, and the Shanghai Composite Index .SSEC added 1.4%.
** Hong Kong's Hang Seng Index .HSI surged 2.5%, and the Hang Seng China Enterprises Index .HSCE climbed 2.9%.
** The broad Asian shares scaled five-month peaks, as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, while also leaving plenty of scope for disappointment in the new year.
** Foreign investors bought a net 13.5 billion yuan ($1.90 billion) of Chinese stocks via the Stock Connect on the day, booking the biggest daily inflow in five months.
** In mainland markets, new energy stocks .CSI399808 jumped 6.5% to lead the gains, while shares in real estate developers .CSI000952, consumer staples .CSICS and tourism firms .CSI930633 rose between 2.8% and 3.8%.
** "In the market, valuation and sentiment indicators are all at record low levels," said Huajin Securities in a note, adding there is limited room for further decline.
** The broker said markets expected possible rate cuts early next year, while recent data showing double-digit gains in China's November industrial profits also helped sentiment.
** China will strive to expand domestic demand, ensure a speedy economic recovery and promote stable growth, according to an interim report on China's 14th five-year plan published by parliament on Wednesday.
** Tech giants listed in Hong Kong .HSTECH gained 3.4%, with food delivery giant Meituan 3690.HK up 5.2%. The Hang Seng Mainland Properties Index .HSMPI advanced 4.7%.
($1 = 7.1038 Chinese yuan)
(Reporting by Shanghai Newsroom; Editing by Janane Venkatraman and Jane Merriman)
Edited by Russ, 25 January 2024 - 01:01 AM.