Stocks dropped Friday, led by Chinese technology firms, after a U.S. move to prohibit transactions related to WeChat stoked tensions. Treasuries and the dollar rose.China and Hong Kong shares saw the … ( read original…
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Stocks Fall, Bonds Climb on U.S.-China Tensions: Markets Wrap
Asian shares skid amid virus woes, China-US trade tensions
Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy. Investors were also … ( read original…
China July exports rise at fastest pace in seven months, but imports fall
China’s exports rose at the fastest pace in seven months in July, while imports declined, painting a mixed picture for the economy as it recovers from its pandemic-induced slump. ( read original story …)
Trump Issues Order Banning TikTok, WeChat In U.S.: Reports
The order would take effect in 45 days and bans U.S. transactions with the China-based parent companies of both apps. ( read original story …)
China Market Update: Asian Markets Close Mixed, Tencent Engineers DouYu & Huya Merger
Asian equities were largely higher though Japan, Hong Kong and Mainland markets were off by a touch. Following the hijacking of TikTok from ByteDance, investors in Hong Kong stocks used Secretary of … ( read…
China’s Exports Jumped in July as Global Demand Rekindled
(Bloomberg) — China’s exports rose in July as economic … bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ( read original story …)
China July trade surplus with U.S. at $32.46 billion
China’s trade surplus with the United States stood at $32.46 billion in July, Reuters calculations based on Chinese customs data showed on Friday, up from a $29.41 billion surplus a month earlier. ( read original…
China still a ‘bright spark’ in CapitaLand’s portfolio, says CEO on virus impact
Despite CapitaLand’s “challenging profit picture” so far in 2020, there have been “very encouraging signs” among our businesses in China, which went “first into the pandemic but also first out,” says … ( read original…
Trump Targets WeChat and TikTok, in Sharp Escalation With China
The government cited national security concerns in announcing sweeping restrictions on two popular Chinese social media networks, a move that is likely to be met with retaliation. ( read original story …)
China Tells Banks, Wealth Fund to Cut Pay as Economy Slumps
Chinese authorities are doubling down on pressure to get the nation’s biggest state-owned financial groups to reduce salaries in a bid to boost returns as the virus-hit economy faces its slowest … ( read original…
Pentagon Chief Expresses Concern to Chinese Counterpart About Beijing’s Activity in South China Sea
U.S. Defense Secretary Mark Esper expressed concerns about Beijing’s “destabilizing” activity near Taiwan and the South China Sea in a call with Chinese Def … ( read original story …)
The Latest: Beijing has first new local virus case in week
China’s capital is reporting its first new case of locally transmitted COVID-19 in a week. State media said Friday the case in Beijing is linked to a recent outbreak in the northern port city of…
China’s Submarines May Be The Stealthiest On Earth: Can America Catch Up?
Admiral Ma crowed that Chinese engineers are “now way ahead of the United States, which has also been developing similar technology.” … ( read original story …)
