(Bloomberg) — A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beijing’s resolve to add more stimulus. Shares in Hong Kong tumbled.Most Read from BloombergThe benchmark CSI 300 Index was 5.1% higher after surging almost 11% in the opening minutes. Equities pared gains after officials at China’s top economic planner — the National Development and Reform Commission — held back in unleashing any more major stimulus at a press briefing.A gauge of Chinese shares listed in Hong Kong tumbled as much as 11% after having climbed by almost the same amount in…
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Image source: Getty Images I buy FTSE growth shares with the aim of holding through thick and thin, to give them time to realise their full potential. But is this the right strategy? Instead of buying and holding, a different school of thought suggests investors sell their winners every year or so, and reinvest their gains in some of their worst performers. This works on the assumption that stock performance is cyclical. Successful stocks tend to be expensive, poor performers cheaper. Selling high and buying low is every investor’s dream, isn’t it? Time to buy, hold or sell? Also, success…
Investing.com– Bitcoin’s price fell on Tuesday, pulling back from recent gains amid growing bets that U.S. interest rates will fall at a slower pace than initially anticipated. A risk-off sentiment in broader financial markets, especially stocks, also spilled over into crypto, driving down prices across the board. Anticipation of more signals from the Federal Reserve and key inflation data this week kept traders on edge. fell 1.4% to $62,609.1 by 01:07 ET (05:07 GMT). Bitcoin weighed by stronger dollar, bets on smaller rate cut Strength in the weighed on crypto markets, as the greenback remained in sight of recent seven-week…
Image source: BT Group plc Would investing in BT (LSE:BT.A) five years ago have been a good or bad decision for me? BT shares have sunk 26% over that period, so at first blush it looks like I was fortunate not to put money in back then. However, the FTSE 100 telecoms giant has a 5.5% dividend yield. So what would have happened had I invested £1,000? Capital loss, on paper In terms of share value, the price decline means that £1,000 would have bought me shares now worth £740. That is not the sort of return I would like…
By Medha Singh and Lisa Pauline Mattackal has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year – a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price. Market players are now eyeing possible new crypto catalysts heading into year-end and early 2025, beyond broader market-moving events such as shifts in U.S. interest rates and the American presidential election. Jake Ostrovskis,…
A look at the day ahead in European and global markets from Rae WeeInvestors hoping for a roaring restart to China’s stock rally, after the mainland’s week-long holiday, were disappointed on Tuesday when Beijing policymakers offered only broad brush strokes about stimulus plans at a high-profile press conference.The National Development and Reform Commission (NDRC) said it was “fully confident” of meeting its targets but offered none of the details that investors are craving on China’s aggressive stimulus measures.Although the key mainland stock indexes did surge 10% to multi-year highs shortly after the open, those gains were quickly pared back.In stark…
SEOUL (Reuters) -South Korea’s LG Energy Solution (LGES) said on Tuesday it signed a deal to supply electric vehicle (EV) batteries to a Mercedes-Benz (OTC:) affiliate in North America and other regions, sending its shares soaring. The battery maker, whose customers include Tesla (NASDAQ:), General Motors (NYSE:) and Hyundai Motor (OTC:), said in a regulatory filing it would supply 50.5 gigawatts per hour in batteries from 2028 to 2038, but said it cannot disclose the monetary size of the contract. LGES declined to comment on the specific affiliate of Mercedes involved in the contract. Shares of LGES rose as much…
By Daniel Trotta and Brad Brooks (Reuters) – The Category 5 Hurricane Milton was expected to grow larger on Tuesday as it threatened Mexico’s Yucatan Peninsula on its way to Florida, where more than a million people were ordered to evacuate from its path. The densely populated west coast of Florida, still reeling from the devastating Hurricane Helene less than two weeks ago, braced for landfall on Wednesday. The U.S. National Hurricane Center projected the storm was likely to hit near the Tampa Bay metropolitan area, home to more than 3 million people and where some evacuees rushed to dispose…
Apple CEO Tim Cook gestures during the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health.The call is part of CCS Insight’s annual predictions report and if it came true, it would be the first new product from the Cupertino giant since the Apple Vision Pro headset launched this year.”Health has become a fundamental pillar for Apple. In fact, I would go so far as to say, at…
TOKYO (AP) — Shares soared Tuesday in Shanghai as Chinese markets reopened after a weeklong holiday but then gave up a chunk of their initial gains as officials in Beijing outlined details of plans to revive the world’s second-largest economy.The Shanghai Composite index was up 5.5% at 3,519.88 and in Shenzhen, Japan’s smaller market, the main index gained 5.3%. The Shanghai benchmark initially gained 10% but fell back as officials of China’s main economic planning agency briefed reporters about a slew of policies announced earlier meant to address key problems such as a property market slump.Hong Kong’s Hang Seng sank…