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CHINESE STOCK MARKET
Chinese chipmaker YMTC puts IPO on hold as weaker markets weigh, sources sayThat process has been put on hold due to "various factors", according to an internal note YMTC sent to its staff and seen by Reuters. It di...- European shares rise as banks, clean energy stocks rally; Novo Nordisk jumpsEuropean shares advanced after Democrats secured both chambers of the US Congress, lifting investor sentiment. Banks and clean-energy stock...
- BMW Q3 profit falls 15% as China competition weighsBMW reported a 15% year-on-year decline in third-quarter net profit to 1.45 billion euros, a day after issuing its second profit warning of...
- China Services PMI slows to three-month low; what lies ahead for Chinese stocks?China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker P...
- China Banks' applications for PBOC stock loan scheme exceed 200 billion yuanChina's central bank said applications for loans under its stock-purchase financing scheme have exceeded 200 billion yuan. The PBOC has als...
- China stocks struggle near one-year lows despite fresh government support measuresChinese stocks struggled near one-year lows despite fresh government measures to support the market, as investors remained cautious ahead o...
- South Korean shares reverse gains, KOSPI falls over 1% as US midterm results loomSouth Korean shares reversed early gains as caution ahead of the US midterm election results triggered broad selling. Technology stocks led...
- Chinese stocks fall as investors unimpressed by fresh market support measuresChinese stocks declined as selling in energy and technology shares outweighed fresh regulatory measures aimed at supporting the market. Inv...
- Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reservesChina's yuan weakened against the US dollar after the PBOC raised the foreign exchange reserve requirement ratio to curb rapid currency app...
- Global Market Today: Asian stocks slide as US chip selloff deepensThe MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a thre...
- China stocks edge higher as reports of market support lift sentimentChina’s stock market edged higher after reports that regulators would discuss measures to support capital markets. However, concerns over s...
- Yuan hovers near four-year high as investors eye US midterm electionsChina’s yuan traded near a more than four-year high against the US dollar, supported by expectations of further appreciation. Investors tra...
- SoftBank-backed OPay raises $304 million in US IPOThe Nigeria-focused firm sold 16 million American depositary shares at $19 apiece in the IPO, compared with its targeted range of $19 to $2...
- Global Market: European automakers get earnings boost as Chinese competition weighs on recoveryEuropean automakers have received a boost from recent earnings, but their recovery remains fragile. Rising competition from Chinese manufac...
- Global Market: Chinese yuan hits four-year high, heads for fourth straight monthly gainChina’s yuan reached its strongest level against the US dollar in more than four years, supported by exporter dollar sales, robust exports ...
- Global Market: China stocks extend losing streak to 12 weeks as global AI selloff hits tech sharesChina's CSI300 index fell to a one-year low, extending its losing streak to 12 weeks as a global AI stock selloff weighed on technology sha...
- Global Market: China stocks fall as tech selloff deepens despite Fed rate pauseChinese stocks declined as a sharp selloff in technology and AI-related shares outweighed the US Federal Reserve’s decision to keep interes...
- Global Market: China, Hong Kong stocks rebound as SK Hynix earnings lift AI optimismChinese and Hong Kong stocks rebounded after two sessions of losses, led by technology shares amid renewed optimism over artificial intelli...
- In China, the AI bubble has already burstChina's technology sector is experiencing a dramatic decline, leading to extensive financial repercussions for numerous industries. The STA...
- Chinese stock market enters bear territory! CSI 300 index crashes 20% from June peakChina’s CSI 300 index entered bear market territory on Thursday, falling 20% from its June peak amid concerns over taxation policies, slowi...
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