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Energy has been the worst performing sector for the stock market so far this month, with a drop of 10.45%. The shale oil industry has managed to cut costs since…
China may feel backed into a corner. The Hong Kong protests are symptomatic of a broader shift in sentiment across SE Asia against Chinese ‘influence’. China’s bid for hegemony –…
A ceasefire in the trade war may only be that – a temporary cessation of hostilities. President Trump’s reprieve for Huawei has been criticised heavily in the US Congress. However,…
The latest escalation in the tit-for-tat trade war has roiled markets. Yesterday’s data on passenger car sales from China were not positive either: sales dropped 8.5% m/m in April. There…
For some investors, the improvement in Chinese equities has been built largely on looser liquidity, not improved fundamentals. The rally has stalled, with the benchmark Shanghai composite slipping below 3,000….
The first offshore default for a SOE in 20 years will stoke concerns that China could be consumed by the same debt problems that engulfed Japan in the 1990s. However,…
The Shanghai Composite jumped 2.68% today as President Trump talked of “big progress” in trade negotiations with China. The CSI 300 index was also up 3.22%. The rally in Chinese…
Short-term interest rates are climbing in China as the authorities look to slow the pace of borrowing. Rising corporate defaults have unsettled the bond market. The risk posed by Chinese…
The PBoC’s policy tightening appears to be aimed at stabilising the renminbi. However, a small number of rate hikes now can also accelerate the shakeout in ‘zombie’ companies and ensure…
