Skip to main content

China stocks tumble 2%

Asian stock gave up an early lead on Monday, with The Chinese stocks Market leading the declines, amid worries about U.S.A-China trade relations and the performance of the tech sector on Wall Street.
Declining from the start of trade, the Shanghai Composite SHCOMP, -2.18% finished down 2.2% and the smaller-cap Shenzhen Composite 399106, -2.02%   fell 1%.

 The Hong Kong stocks Market joined regional peers recovering from Friday’s global sell-off, though early gains were whittled in a few minutes. The benchmark Hang Seng Index HSI, +0.37%  finished up 0.4%, after rising 1% gain the open. Among active Chinese property developers, Sino Land 0083, -2.38 %, fell over 1.9%, while China Resources Land 1109, +1.15%   finished up 1 %.

 One of the Index major HSBC 0005, +5.04%   stood out, climbing more than 5.1% after posting a 32% rise in third-quarter net profit. Most Chinese automakers listed in Hong Kong were down heavily, with Great Wall Motor 2333, -8.08%   losing 8%.

 Japan’s Nikkei, -0.16%   reversed a gain of around 0.6% to closed off roughly 0.2%. Among major companies under pressure, with Toyota 7203, -1.65%   slid 1.7% and Softbank 9984, -1.41%   fell 1.4%. But Honda 7267, +0.25%   was up marginally, a day ahead of its earnings report.

 South Korea’s Kospi, -1.53%   finished down 1.5%, with Samsung005930, +0.98%   a standout gainer, up 1%.

 Australia’s ASX 200 XJO, +1.11%   closed up 1.1%, led by the energy and financial sectors. New Zealand’s benchmark NZ50GR, +0.55%   added 0.5%. Benchmark indexes in Taiwan Y9999, +0.29 %, Singapore STI, +0.32%   and MalaysiaFBMKLCI, +0.04%   posted modest gains as well.

 EcoCrops International Reports

Labels:

Comments

Post a Comment

Popular posts from this blog

Trumps biomass policy

In 2007 the USA Federal Government passed the US Renewable Fuel Standard which required ethanol blending with domestic oil in large quantities with frequent increases in amounts of ethanol being used.  The bill was passed to reduce the USA carbon footprint and increase the amount of renewable biofuel being used in the USA. Under the Trump administrations, they have been far less supportive of the biomass blending mandate, granting biofuel waivers to major industry players and allowing the trading of biomass credits to develop. Despite the less than active support for biofuel domestically Trump has been pushing his trade negotiators to get big concessions from his Chinese counterparts by asking them to lower their tariffs on biomass in particular biofuel. China's ethanol demand is expected to grow nearly sevenfold as the country prepares to introduce E10 fuel throughout the country next year. E10 fuel is a fuel using 10% ethanol and 90% petrol. U.S. trade negotiato...
Post a Comment
Read more

Markets just saw the best earnings season since the financial crisis, and nobody cares

Even mildly pessimistic guidance has investors spooked amid macro headwinds Earnings for S&P 500 companies grew by 25.8% in the third quarter, the strongest performance since the third quarter of 2010, when companies benefited from very attractive, recession-era comparable earnings. Nevertheless, from the start of earnings season to the close of trade Friday, the S&P 500 index SPX, +0.22% has fallen 2.7%, the Dow Jones Industrial Average DJIA, +0.49% 1.1%, and the Nasdaq Composite Index COMP, -0.15% 5.5%. “Third quarter earnings were outstanding both on earnings and revenue growth, the percentage of companies beating expectations, and the magnitude of those beats,” Michael Arone, chief investment strategist at State Street Global Advisors. But the selloff that accompanied these announcements is a testament to the fact that “Wall Street doesn’t care what you’ve done in the past. It’s all about what you’re going to do next quarter,” Arone said. The pairing of r...
1 comment
Read more

Secure your online wallets & be careful with online services

You should be wary of any service designed to store your money online. Many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used to store money like a bank. Accordingly, you might want to use other types of Cyber currency wallets.  Otherwise, you should choose such services very carefully. Additionally, using two-factor authentication is recommended. Small amounts for everyday uses A Bitcoin wallet is like a wallet with cash. If you wouldn't keep a thousand dollars in your pocket, you might want to have the same consideration for your Bitcoin wallet. In general, it is a good practice to keep only small amounts of bitcoins on your computer, mobile, or server for everyday uses and to keep the remaining part of your funds in a safer environment. Backup your wallet Stored in a safe place, a backup of your wallet can protect you against computer failures and ma...
2 comments
Read more