Asia Top News and Analysis Shanghai

  • hints@ SINGAPORE, June 20- London copper and nickel prices climbed to a more than three-week high on Thursday on a weaker U.S. dollar, as investors took Federal Reserve's comments as a sign of possible interest rate cuts later this year. Three-month copper on the London Metal Exchange gained as much as 1.2% to $5,991 a tonne, its highest since May 28 and stood at...

  • BEIJING/ SHANGHAI, June 20- Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said on Thursday. China and the United States earlier this week said they were reviving talks ahead of a meeting next...

  • *HK-> Shanghai Connect daily quota used 5.9%, Shanghai-> HK daily quota used 2%. SHANGHAI, June 20- China and Hong Kong stocks extended their rally on Thursday as signs that Beijing and Washington are returning to the negotiating table after a long lull lifted risk appetite. **Upcoming trade talks between China and the United States are unlikely to immediately resolve...

  • *Asia shares ex- Japan enjoy best day since Jan. LONDON, June 19- World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the United States and the euro zone may deliver interest rate cuts as early as July. Markets have been fired up by European Central Bank President Mario...

  • SINGAPORE, June 19- Shanghai base metals prices rose on Wednesday as hopes grew for a resolution to the prolonged U.S.-China trade war after U.S. The most-traded copper contract on the Shanghai Futures Exchange rose as much as 1.6% to a one-week high of 47,040 yuan a tonne, while lead hit its highest since May 27 at 16,340 yuan a tonne. Federal Reserve's policy...

  • HONG KONG, June 19- The yuan advanced to its strongest level in over three weeks after China and the United States said they will return to the negotiating table, reigniting hopes for a deal to end a heated trade war. Financial markets were sideswiped last month when Trump unexpectedly accused China of backtracking on previous commitments and hiked tariffs on...

  • *HK-> Shanghai Connect daily quota used 4.7%, Shanghai-> HK daily quota used 0.2%. *U.S., China rekindle trade talks ahead of Trump-Xi G20 meeting. SHANGHAI, June 19- Stocks in China and Hong Kong jumped on Wednesday as Washington and Beijing looked to rekindle trade talks and confirmed Presidents Donald Trump and Xi Jinping would meet later this month.

  • SINGAPORE, June 19- Base metals futures in Shanghai rose on Wednesday as hopes grew for a resolution to the prolonged U.S.-China trade war after U.S. Trump said on Tuesday he had a phone call with Chinese President Xi Jinping, adding trade talks would resume before his meeting with Xi at the G20 summit in Japan. The most-traded copper contract on the Shanghai...

  • SYDNEY, June 19- Asian shares hit five-week highs on Wednesday as investors hoped the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day. Indeed, ECB President Mario Draghi's shock about-face on easing fueled talk of a worldwide wave of central bank stimulus, firing up...

  • SINGAPORE, June 19- Industrial metals in Shanghai rose on Wednesday as hopes grew that an escalating trade war between the United States and China could abate after U.S. The most-traded copper contract on the Shanghai Futures Exchange rose as much as 1.6% to a one-week high of 47,040 yuan a tonne, while lead hit its highest since May 27 at 16,340 yuan a tonne.

  • *China EV maker funding this year is just 13% of year-ago level. HONG KONG/ BEIJING, June 19- Last year, Wei Qing and his private equity investment team visited more than 20 Chinese electric vehicle manufacturing startups. "There are too many uncertainties from when a company tells a story in the early stage, to when it produces a sample car and raises funds, to the...

  • SHANGHAI, June 18- Hong Kong stocks closed higher on Tuesday, extending a rally from the previous session, aided by strong inflows from the mainland even as the protests subsided. **Hong Kong leader Carrie Lam said on Tuesday said she had heard the people "loud and clear" and apologised again for recent upheaval after some of the most violent protests in the city...

  • *HK-> Shanghai Connect daily quota used 2.2%, Shanghai-> HK daily quota used 3.9%. **China's domestic policies have turned relatively loose as Beijing moves to manage expectations and shore up economic growth, the brokerage added. **China's securities watchdog has told several large non-bank financial institutions to lend in the interbank market to smaller...

  • LAUNCESTON, Australia, June 18- China's iron ore and steel prices have decoupled somewhat in recent weeks, with the raw material still making fresh highs while the finished product trends lower. Iron ore futures on the Dalian Commodity Exchange closed at 769.5 yuan a tonne on Monday, down slightly from their record close of 787.5 yuan on June 14.

  • Residential buildings in Tongzhou District on May 31, 2017 in Beijing, China.

    New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy.

  • BEIJING, June 18- New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing economy. Average new home prices in China's 70 major cities rose 0.7% in May from the previous month, picking up from a 0.6% rise in April and the...

  • *FTSE 100, FTSE 250 up 0.2%. June 17- London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low. Both the FTSE 100 index and the FTSE 250 midcap index ended 0.2% higher.

  • LONDON, June 17- Huatai Securities, one of China's largest brokerages, became the first company to list in London under a much-anticipated link with the Shanghai exchange, with its shares rising 7% on Monday. Under the scheme, known as Stock Connect, Shanghai- listed companies can raise new funds on the London stock market while British companies can broaden their...

  • *Sees drop in revenue to about $100 bln in 2019, 2020. HONG KONG, June 17- China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. The United States has put Huawei on an export blacklist citing national security issues, barring U.S....

  • LONDON, June 17- Huatai Securities, one of China's largest brokerages, rose more than 7% in London on Monday in Britain's first listing via the long-awaited London- Shanghai stock connect project. Under the Connect scheme, Shanghai- listed companies can raise new funds via London's stock market while British companies can broaden their investor base by selling...