42.08 0.00 (0.00%)
After hours: 4:49PM EDT
|Bid||0.00 x 1200|
|Ask||0.00 x 45900|
|Day's Range||42.08 - 42.29|
|52 Week Range||37.85 - 45.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.24|
|Expense Ratio (net)||0.74%|
The trade war has depressed the manufacturing activity in China and the US. The Caixin China General Manufacturing PMI fell to 49.4 in June.
The US-China trade war has paused as the two countries restart trade talks, but the lack of a timeline is keeping companies on their toes.
China added another 10.3 tons of gold to its reserves in June, marking the seventh consecutive month during which it added to its reserves.
Today, the South China Morning Post reported that the US and China have agreed to a tentative truce to the trade war and are working on statements in this regard. The truce would delay tariffs on an additional $300 billion worth of Chinese goods entering the US.
The US Department of Commerce will extend its trade ban to five supercomputing companies that buy chips from US companies, such as Advanced Micro Devices, Intel, and NVIDIA, starting on June 24.
Although the S&P 500 and other American indexes fell sizably yesterday on Powell’s less-dovish tone, China’s key indexes remained sideways today after opening lower and gaining in early trade. The Shanghai Composite Index dropped 0.2%, while the Shenzhen Component ended flat. The CSI300 Index lost 0.18%.
Trump, Xi, to Meet on Saturday As Global Economy Hangs In Balance President Trump will be meeting with China’s Xi Jinping this weekend, but won’t cow to any conditions on the use of tariffs, which raises the question of what the two will be talking about. One official said that an agreement not to raise […]The post Market Morning: Trump vs Xi, Ali, & Powell, Bank of America Sees $30 Oil appeared first on Market Exclusive.
The six-day winning streak of the benchmark Shanghai Composite Index was broken today as the index fell 0.87% to close at 2,982.07. This was the longest winning streak in over a year for the index, which has gained 19.6% so far in 2019.
Today, Bloomberg reported that India is planning incentives such as a tax holiday and lower tax rates for companies moving out of China while the US and China are embroiled in their bitter trade war. But emulating China’s manufacturing prowess and ecosystem might not be easy.
While Asian markets were mixed, China’s Shanghai Composite Index gained 0.21% to end on a positive note for five days in a row. However, the tech-heavy Shenzhen Component ended in the red today.
Commerce Secretary Wilbur Ross sought to tone down expectations from the proposed meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 Summit. Ross said that the G20 is not “where you’re going to negotiate a 2,500-page agreement.”
Paul Tudor Jones’s Strategy for Fed Rate CutsTrade war expedites the need for rate cutsBillionaire investor Paul Tudor Jones spoke to Bloomberg today ahead of JUST Capital’s event in New York. He thinks the US-China tariff war has expedited
Asian Markets Turn Bearish as China Says It's Not Afraid to FightTrade war here to stay?Yesterday, Asian markets largely shrugged off Trump’s comments about imposing fresh tariffs if he and Xi Xingping don’t meet in China. Markets in fact rose
China and Hong Kong Markets Closed for HolidayTuan Ng DayToday is the fifth day of the fifth month of the Chinese lunar calendar. Markets are closed today, and we are amused at the perfect timing of the festival.The Tuan Ng festival is also called
How Semiconductor Companies Are Handling the US-China Trade War(Continued from Prior Part)The US-China trade war could hurt US chip companiesThe US-China trade war is growing beyond tariffs. The US is threatening to block Chinese companies from
A Look at Chinese and Indian Markets TodayChina issues travel warning After levying tariffs, selling Treasury securities, and threatening the US with a ban on rare earth exports, China tried a new measure in the trade war yesterday. China issued a
Chip Industry Struggles amid US-China Trade War(Continued from Prior Part)US-China trade warThe trade war between the United States and China started back in July 2018 when the former imposed 25% tariffs on $50 billion worth of Chinese imports and
Chip Industry Struggles amid US-China Trade WarUnited States-China trade war and stock market In The Art of War, Sun-Tzu said, “There is no instance of a nation benefitting from prolonged warfare.” These words certainly seem to apply to the