Richard Titherington, CIO of emerging markets at JPMorgan Asset Management, and Edmund Shing, global equity portfolio manager at BCS Financial Group, discuss the appeal of Chinese shares.» Read More
*OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China's move to lower interest rates late last week also underpinned prices. Asian markets rallied on Monday with shares in Shanghai hitting three-year highs as the...
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.65 percent, to 2,649.26 points, its highest close since Feb 2013. Among the most active stocks in Shanghai were China State Construction, up 5 percent to 4.00 yuan; CITIC Securities, up 6.23 percent to 16.54 yuan; and Poly Real Estate, up 10.03 percent to 6.47 yuan. In Shenzhen, China Vanke...
Madhur Jha, senior global economist at Standard Chartered, says there has been a slowing growth outlook for a while in China but a weakening labor market was one of the main reasons for an interest rate cut.
This episode of "Inside China" takes a look at the buzz in Shanghai, China's financial capital, after the start of a historic stock connect program.
In this episode of "Inside China", CNBC's Eunice Yoon speaks to Hong Kong's oldest stock broker who feels that the ex-British colony may have had its heyday and the future lies in Shanghai.
Amid the start of a landmark trade connect scheme, pro-democracy protests continue in the streets of Hong Kong. CNBC's Eunice Yoon examines the relationship between the city and China.
MANILA, Philippines— A Philippine court convicted nine Chinese fishermen Monday of poaching and taking hundreds of endangered giant sea turtles from a disputed shoal in the South China Sea, fining each of them nearly $103,000 but imposing no jail term. Judge Ambrosio de Luna of the regional trial court in western Palawan province found them guilty of...
Steve Brice, Chief Investment Strategist at Standard Chartered, explains why Monday's rally in Asian markets following a surprise rate cut in China won't be sustainable.
Dariusz Kowalczyk, Senior Economist & Strategist at Credit Agricole, expects the Chinese central bank to cut rates again in the first quarter of 2015 and reduce the reserve requirement ratio.
"Policymakers are taking a very comprehensive look in their toolboxes and this should keep investor demand for yield intact," said Tai Hui, chief markets strategist at JP Morgan Asset Management in Hong Kong. Gains in property and brokerage stocks led the benchmark indexes in Hong Kong and mainland China higher as investors anticipated a cut in mortgage rates.
BEIJING— Asian stocks rose Monday after China's surprise interest rate cut as investors looked ahead to European inflation data due out this week and OPEC meeting to discuss oil production levels. KEEPING SCORE: China's Shanghai Composite Index jumped 1.7 percent to 2,529.83 points and Hong Kong's Hang Seng surged 1.8 percent to 23,862.69.
Despite rules that are rigged against foreign firms, European businesses have managed to perform well in China, says Hellmut Schutte, Dean at the China Europe International Business School.
Dickie Wong, Executive Director at Kingston Securities, discusses the rally in Asian markets on Monday. He later explains why the PBOC's rate cut will undermine profitability of Chinese banks.
Amarjit Singh, senior analyst for country risk at IHS, discusses news that China is building a massive island in an area where Beijing is locked in bitter disputes with other Asian states.
Richard Jerram, Chief Economist at Bank of Singapore, says the Chinese central bank's move is "worrying" and could indicate that the slowdown in the mainland is worse than recent data suggest.
SHANGHAI, Nov 24- The Shanghai Composite Index extended gains to a three-year high on Monday after the central bank unexpectedly cut interest rates on Friday to help support the economy. The index was up 1.3 percent to 2,518.0 points as of 0210 GMT, its highest level November 2011. CSI300 of the largest companies listed in Shanghai and Shenzhen was up 1.8 percent.
SYDNEY, Nov 24- Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding. "China's rate cut adds to the determination of global policy makers to avoid deflation and support growth," said Shane Oliver, head of investment strategy at fund manager AMP...
Francis Cheung, Head of China & HK Strategy at CLSA and Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, discuss the significance of China's interest rate cut.
Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, says mainland banks have "very profitable lending operations" that will insulate them from the impact of a rate cut.
SINGAPORE, Nov 24- U.S. crude futures steadied above $76 a barrel on Monday, clinging to gains from the previous session after a rally spurred by China's first interest rate cut in more than two years. *Friday's surprise cut in China's interest rates reflects a change of course by Beijing and the central bank, which had persisted with modest stimulus measures...