Philip Chua Business Blog

Posts Tagged ‘China’

The week in currency trading opened with markets poised for fresh risk appetite. With China back from vacation, the PBoC reiterated its pledge to maintain moderately loose monetary policy and proactive fiscal policy to support growth in an attempt to shape expectations following the reserve ratio increase just before the…

The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.







China – United States Treasury security – People’s Republic of China – Asia – United States

NEW YORK (Reuters) – China could be about to allow its currency to strengthen by as much as 5 percent to slow down the country’s fast-growing economy, Goldman Sachs’ <GS.N> chief economist was quoted as saying on Sunday.

China – Goldman Sach – Currency – NEW YORK – United States

THE bottom fell out of the local stock market yesterday as a combination of fears took grip – worries over China’s bank lending restrictions which apparently could choke off a recovery, and an unstable Wall Street which has been rocked by fears of radical banking reforms.

Besides the twin fears, there was added pressure from a slight firming of the US dollar, raising ‘carry trade’ concerns where… more

STOCKS barely changed last week, with our portfolios edging up 0.4 per cent on average. The median gain was 0.2 per cent.

The lowest forward PE portfolio is the biggest gainer, advancing by 1.7 per cent. Two stocks contributed the bulk of the gain: China Fishery and Hong Leong Asia. The former popped 19.2 per cent while, the latter added 12.2 per cent.

Hong Leong Asia also helped lift the valu… more

IF YOU are betting on the local market today, chances are you will be leaning towards the bears.
After all, with a negative Friday close on Wall Street, a market holiday today in the US and lingering concerns over an overheating property market in China, there seems little reason to hope for a positive session here, or across the region.

The Dow Jones tumbled 100.9 points to 10,609.65 last Frida… more

China said that it would permit stock index futures, short selling and trading on margin, making its capital market system more sophisticated.

Stocks gained ground Friday after a report on retail sales showed consumers are picking up their spending.







China – Business – Retailing – Investing – Commodities and Futures

POTENTIAL dual listings provided the main targets for yesterday’s session, following Tuesday’s explosive debut for China XLX in Hong Kong (HK). As a result, stocks such as Oceanus, China New Town, China Milk and Midas were all in play, based on hopes that if they obtain approval to list in markets such as HK or Taiwan, where valuations are higher, their prices here will have to rise.
However, if H… more

A wobble in pro-risk strategies linked to equity market jitters in China and default fears in the Middle East caused a surge in volatility, but may present a buying opportunity in a (still) ample liquidity environment. With buyers considering more attractive levels and finding cover in generally risk-supportive central bank…