10 h. ago Stock market rally is built on narrative that is loaded with risk

Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting records. Yet as optimism about further gains has solidified into something resembling a consensus, even the most bullish are clear-eyed about a growing list of issues that could potentially stop the party. With valuations at among the richest levels of this century, the most commonly cited risks for a hard market landing include...

Events

59 h. ago What Effect Will China's Stock Market Rally Have on the Economy?

What Effect Will China's Stock Market Rally Have on the Economy?  Nomura Connects

Economics

63 h. ago China’s bull run tests Beijing as it aims to guide US$12 trillion stock market

Stunning gains in Chinese stocks are testing regulators’ ability to manage the ascent, as Beijing seeks to fulfil its long-standing goal of positioning the nation’s US$12 trillion equity market as a steady source of household income that can support consumer spending and economic growth. As the property market remains in the doldrums, eroding the wealth of Chinese investors who are sitting on a record 160 trillion yuan (US$22.5 trillion) in bank savings, the stock market has become a focus of...

Economics

63 h. ago China’s bull run tests regulators as Beijing aims to guide US$12 trillion stock market

China’s bull run tests regulators as Beijing aims to guide US$12 trillion stock market  South China Morning Post

Economics

4 d. ago HKEX reforms have made city world’s top fundraising hub for EV makers: official

Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. “There has been an active stream of listings of electric vehicle [makers and companies in the] EV supply chain, energy storage and hydrogen energy on the Hong Kong stock exchange,” said Salina Yan Mei-mei,...

Politics

8 d. ago China investigates former stock market regulator Yi Huiman for disciplinary breaches

China investigates former stock market regulator Yi Huiman for disciplinary breaches  Yahoo Finance

Economics

8 d. ago China investigates former stocks regulator Yi Huiman for disciplinary breaches

Yi Huiman, the former regulator of China’s equities market, is being investigated for disciplinary breaches, as the country’s long-standing anti-graft campaign extends into all corners of the financial industry, from banking to the stock market. Yi, the chairman of the China Securities Regulatory Commission (CSRC) from January 2019 to February 2024, is being investigated by the Communist Party’s disciplinary unit for severe breaches of discipline, according to the Central Commission for...

Events

1 week ago Cambricon shares slump 14%, the most in 7 months, as investors lock in gains

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the mainland’s most frenzied stock rallies this year. Shares of the Shanghai-listed company sank as much as 16 per cent before closing 14.4 per cent lower at 1,202 yuan, the steepest single-day decline since January 16. The stock lost 84 billion yuan (US$11.8 billion) in market capitalisation. The sharp sell-off also erased 6.9 per cent from the...

Economics

1 week ago China’s $1.2 Trillion Stock Market Rally Has Beijing Nervous

China’s $1.2 Trillion Stock Market Rally Has Beijing Nervous  Bloomberg.com

Economics

1 week ago Trump’s sons’ American Bitcoin stake worth US$1.5 billion in stock debut

A bitcoin company tied to US President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons’ stake at well over US$1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin, a bitcoin miner, soared as high as US$14.52 on its first day of trade on the Nasdaq, before pulling back to be up 16.5 per cent at US$8.04 by the end of the day. The company was around 20 per cent owned by Eric Trump and...

Politics

2 w. ago Struggling to stay afloat: Hong Kong fishermen reeling amid industry decline

At the Aberdeen Wholesale Fish Market, a fisherman surveys his day’s stock of fish, planning to sell his multicoloured inventory to numerous restaurants and street stalls across Hong Kong. But as he waits along the main corridor for a customer, only his competitors fill the area. “Business has been very difficult,” the 43-year-old fisherman surnamed Hua said. “This [market] is already the biggest hub for the industry.” The lack of demand for his product highlights one of many challenges...

Politics

2 w. ago China’s Stock Rally Is Met With Skepticism in Options Market

China’s Stock Rally Is Met With Skepticism in Options Market  Bloomberg.com

Politics

2 w. ago China’s stock market outpaces global peers as local investors pile in

China’s stock market outpaces global peers as local investors pile in  Financial Times

Economics

2 w. ago Stock prices are at bubble heights. Who’s sounding the alarm?

How do we know when a stock market boom is about to end in a bust, or when an asset bubble is about to burst? There is little point in looking to market practitioners or analysts for objective answers as they are generally too anxious to preserve their market-linked bonuses. But what about economists – at least those who either still work in academia or for multilateral institutions such as the International Monetary Fund, rather than investment banks? Surely those who have no vested interest in...

Events

2 w. ago China’s stock boom will not do much to rejuvenate the economy, Nomura says

The ongoing rally in Chinese stocks will do little to boost growth in the mainland’s economy, as equity investments account for a small portion of total household assets, Nomura Holdings said. In a report on Wednesday, Lu Ting, the Japanese brokerage’s chief China economist, said Chinese households parked the majority of their wealth in the struggling property market. Stock holdings accounted for 1.3 per cent of total household assets, while the proportion for properties was 60 per cent, the...

Politics

2 w. ago Futu opens Russell Street flagship outlet to tap Hong Kong’s bull run

Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional and Private Wealth Services centre in Causeway Bay, underscoring the online brokerage’s ambition to capture the city’s growing base of high-net-worth clients. The new centre, occupying two floors with a combined area of more than 7,000 sq ft (650 square metres) on Russell Street opposite Times Square, officially opens on Friday . It marks Futu’s eighth permanent service...

Politics

2 w. ago Nvidia is caught in Trump's China trade war, and it could impact the stock market

Nvidia is caught in Trump's China trade war, and it could impact the stock market  Axios

Events

2 w. ago China’s retail stock traders bank on US$1 trillion bull run extending

China’s individual investors are jumping on the bandwagon of a surprising stock-market rally, eyeing more gains that they believe will be buttressed by state support and potential foreign inflows. The nation’s 240 million retail stock traders – twice the population of Japan – are cheering the breakout of the benchmark Shanghai Composite Index, which hit its highest level in a decade this month, leaving behind the trauma of two short-lived run-ups in recent years. China’s markets are now...

Economics

2 w. ago China’s ‘little Nvidia’ sees 4,348% revenue surge amid AI stock frenzy

Cambricon Technologies, the Beijing-based chipmaker seen as a potential alternative to Nvidia’s graphics processing units (GPUs), reported a record revenue surge in the first half amid a Chinese stock market frenzy driven by DeepSeek’s breakthrough AI models. Cambricon’s revenue surged 4,348 per cent year on year to 2.88 billion yuan (US$403.8 million) in the first six months of 2025, a record high for the company since it went public in 2020. Profit reached 1.04 billion yuan, reversing a net...

Politics

2 w. ago Cambricon: how two ‘genius brothers’ created China’s potential rival to Nvidia

The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings ratio above 4,000 – compared to under 60 for Nvidia – reflects a growing belief in China that the country is on a path to develop an AI...

Politics