Stock traders eye Trump in China
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Trump arrives in China to meet with Xi in Beijing
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China's GDP growth appears on track to meet its full-year target, reducing the need for sizable stimulus to come, Citi analysts say in a note. They note Beijing seems satisfied with current growth momentum based on its announcements.
Alibaba and Tencent surged ahead of the Trump-Xi summit, although other Asian stocks offer AI exposure with stronger fundamentals. Click here for 3 top Asian tech stocks.
China's highly competitive supply chain also makes the country best positioned in the high-end power and green tech space, the strategists said.
Stocks are mixed Wednesday as Wall Street focused on economic data that points to rising inflation as the Iran war drags on.
Chinese tech firm Tencent reported a 21 percent jump in quarterly net profit Wednesday as the video game giant bets big on the booming artificial intelligence sector.Tencent logged on Wednesday a net profit of 58.
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The best places to invest now are Chinese tech stocks and this out-of-fashion sector, according to Bank of America
Bank of America’s top strategist says his key trades for the second quarter are bets on a steepening U.S. treasury yield curve, China tech stocks, “unloved” consumer plays and chip stocks. Chief equity strategist Michael Hartnett made the calls in ...
SHANGHAI: China's blue-chip index touched a four-year high on Wednesday as traders returning from a five-day holiday snapped up tech shares, inspired by persistent global enthusiasm for artificial intelligence and by fresh signs of China's economic resilience.
MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased trillions of dollars in value from the nation’s stocks. The index provider is removing 66 companies from its MSCI China Index in its latest quarterly review,
May 13 (Reuters) - Futures for Canada's main stock index inched lower on Wednesday as gold and oil prices dipped, with investors watching developments around the Middle East conflict and U.S. President Donald Trump's visit to China.
Under pressure from Beijing, the president has indicated an openness to rethinking U.S. support for Taiwan, alarming its backers.