Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed.
Tagged By financials
Beijing seeks to halt the yuan’s slide as China’s currency hits a 17-month low against the dollar
Beijing is lowering the required ratio of foreign-currency holdings for Chinese banks as it tries to curb a plunging yuan.
China Lowers Banks’ FX Reserve Ratio to Curb Yuan Weakness
China moved to limit the drop in the yuan by cutting the amount of money that banks need to have in reserve for their foreign currency holdings.Most Read from BloombergNew Texts Shed Light on Elon…
China’s First Ever Private Pension Scheme – What You Need to Know
Beijing has announced a new private pension scheme to better serve the rapidly aging society, opening up new opportunities in the China pension market.
A major hedge fund in China that cut its domestic stock exposure to zero expects returns to be worse than in 2008
Shanghai Banxia said COVID, Ukraine, and Federal Reserve rate hikes would make this year harder for fund managers to get returns than 2008.
China Lockdown Amps Up Inflation Scare for Global Markets
The inflation scare that’s dominated much of the investment backdrop this year keeps finding new ways to send shockwaves through markets.Most Read from BloombergUkraine Latest: U.S. Vows to Step Up …
China to cut forex deposit reserve requirement in ‘clear signal to stabilise yuan’
The People’s Bank of China (PBOC) said on Monday that it will cut the amount of foreign exchange deposits banks have to set aside by one percentage point to 8 per cent from May 15.
Xi’s finance crackdown grows as over 40 officials ensnared
President Xi Jinping’s corruption crackdown on the nation’s sprawling financial sector is accelerating, reaching the upper levels at some of China’s premier institutions and further unnerving …
Bank of China issues overseas green bonds equivalent to 2.05 bln USD
A new-energy autopilot shuttle bus participates in a trial run near the venue of the Boao Forum for Asia (BFA) in Boao, south China’s Hainan Province, April 16, 2022. (Xinhua) BEIJING, April 25 …
Stock market news live updates: Stock futures fall amid China’s COVID restrictions, packed earnings week
U.S. stock futures declined Monday morning to follow global equities lower, as concerns over an escalating COVID outbreak in China added to jitters over U.S. economic growth in the face of heightened …
European Shares Tumble As China’s COVID Crisis Worsens
European stocks tumbled on Monday to hit one-month lows due to worries surrounding China’s Covid resurgence, runaway inflation and the expected response by global central banks. In economic releases, …
It’s all gone bad for ChiNext stocks as lockdowns drag China’s start-up champions deeper into bear market
To see the impact of Covid-19 lockdowns on investor confidence, take a look at the stunning losses among China’s biggest start-up firms in Shenzhen, the primary technology hub in southern Guangdong …
Investors are ditching China at an unprecedented scale
Investors are fleeing China in record numbers as a combination of political and corporate dangers, as well as rising interest rates overseas, make the world’s s …
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