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Chinese Stocks Bounce Back as Traders Bet on Fresh Stimulus
  • April 9, 2025

Chinese Stocks Bounce Back as Traders Bet on Fresh Stimulus

(Bloomberg) -- Chinese stocks climbed for a second day, bucking a worldwide selloff, amid growing speculation that authorities will roll out stimulus to shield the economy from Donald Trump‘s tariffs.A closely watched gauge of Chinese stocks in Hong Kong ended 1.4% higher after sliding more than 4% earlier. The onshore CSI 300 Index closed up 1%.The moves came as investors shifted their attention to the likely response of Chinese authorities after US tariffs as high as 104% took effect Wednesday

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Goldman’s Flood sees buy the dip returning with S&P 500 at 5,000
  • April 9, 2025

Goldman’s Flood sees buy the dip returning with S&P 500 at 5,000

(Bloomberg) -- The S&P 500 stock index has dropped to a level where long-term investors are starting to buy the dip, according to Goldman Sachs Group Inc. partner John Flood.The US stock index is flirting with bear market levels after plunging nearly 19% since its February peak. The benchmark closed below the 5,000 level for the first time in nearly a year on Tuesday after the US administration implemented reciprocal tariffs on trading partners, boosting recession risk. “From my conversations wi

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Toymaker Lego opens Vietnam factory, taking production closer to key markets
  • April 9, 2025

Toymaker Lego opens Vietnam factory, taking production closer to key markets

COPENHAGEN (Reuters) -Toymaker Lego has opened a new factory in southern Vietnam, it said on Wednesday, as the company aims for long-term growth in the Asia Pacific region and to move production closer to its consumers. Lego has invested $1 billion in the project, part of its decade-old strategy of placing production facilities close to key markets which has previously helped rein in costs and shield it from external factors and supply chain disruptions. The Danish family-owned company said it would also open a regional distribution centre in Vietnam later this year, its second in Asia, to increase flexibility and agility in its supply chain network.

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Drop in riskier emerging market bonds stokes concerns over market access
  • April 9, 2025

Drop in riskier emerging market bonds stokes concerns over market access

JOHANNESBURG/NAIROBI (Reuters) -International debt issued by small emerging economies generally viewed as riskier by investors suffered another sharp drop on Wednesday, raising concerns about the countries' ability to borrow in future as a growing trade war blasted U.S. markets. U.S. Treasuries, the bedrock of the global financial system and benchmark for emerging market bonds, were hit by fresh selling as President Donald Trump's eye-watering 104% tariffs on China took effect, and Beijing retaliated with 84% duties. Across emerging markets, longer-dated bonds issued by so-called frontier economies suffered some of the heftiest falls, with Pakistan's longer-dated dollar-denominated bonds dropping around 5 cents to be bid around the 70-cent threshold where debt is seen as distressed, Tradeweb data showed.

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China's car exports under pressure as Trump tariffs roil overseas markets
  • April 9, 2025

China's car exports under pressure as Trump tariffs roil overseas markets

BEIJING (Reuters) -China's car exports will likely face greater than forecast pressure this year as U.S. tariff hikes hit the economies of important overseas markets hard, potentially curbing consumer demand, a Chinese auto industry association said on Wednesday. China ships very few cars to the United States, which imposed a 100% tariff on imported Chinese electric vehicles under the previous administration of President Joe Biden. However, Cui Dongshu, the secretary general of the China Passenger Car Association (CPCA), said the sweeping tariffs announced by President Donald Trump last week were expected to have a major indirect impact on export sales.

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Market meltdown as U.S. tariffs kick in, bonds at the epicentre
  • April 8, 2025

Market meltdown as U.S. tariffs kick in, bonds at the epicentre

LONDON (Reuters) -Global markets were took a beating again on Wednesday as U.S. President Donald Trump's eye-watering 104% tariffs on China took effect, and a savage selloff in U.S. bonds sparked fears that foreign funds were fleeing U.S. assets. U.S. Treasuries extended losses in a sign investors are dumping even their safest assets and the dollar, a traditional safe-haven, was weaker against other major currencies. Warning signals had been flashing for a few days, as spreads between Treasury yields and swap rates in the interbank market collapsed under a weight of bond selling.

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Morning bid: Markets cower as 104% tariffs on China begin
  • April 8, 2025

Morning bid: Markets cower as 104% tariffs on China begin

As the next leg of the rapidly escalating trade war comes into view, investors remain shell-shocked, extending a deep stock market rout and flocking to the safe-haven yen and Swiss franc, awaiting, and hoping, for some semblance of good news. At the stroke of midnight (U.S. hours), President Donald Trump's reciprocal tariffs took effect, including 104% levies on Chinese goods, keeping fears of recession alive and upending a global trading order that has persisted for decades. That has left investors scurrying for cover as the relief rally on Wednesday fizzled out and Asian stock markets were a sea of red.

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Chinese brokerages promise market support, firms set buybacks as trade war intensifies
  • April 8, 2025

Chinese brokerages promise market support, firms set buybacks as trade war intensifies

Top Chinese brokerages have pledged to help steady domestic share prices in a concerted effort, the Shanghai bourse said, and scores of listed companies unveiled stock buying plans, as the local market reels from an escalating trade war. The Shanghai Stock Exchange said late on Tuesday it held a meeting with 10 brokerages to stress the importance of stabilising markets in the face of external shocks. The participants, including Citic Securities, Orient Securities and Industrial Securities, expressed optimism about China's growth prospects, and vowed to steady the market, it said in a statement.

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