China protests fuel some bets for an earlier zero-Covid exit CHINA Monday, 28 Nov 20222:37 PM MYT
Protesters gather along a street during a rally for the victims of a deadly fire as well as a protest against China's harsh Covid-19 restrictions in Beijing on Nov 28, 2022. - AFP
BEIJING (Bloomberg): Swelling protests against China’s virus-induced curbs may end up encouraging President Xi Jinping to accelerate the nation’s exit from zero-Covid, according to some market watchers.
"I don’t expect Xi to publicly admit error or show weakness, but this wave of protests could cause the leadership to decide privately that the exit needs to proceed more quickly than previously planned,” said Gabriel Wildau, managing director at advisory firm Teneo Holdings LLC in New York.
Most risk assets slid in early Asian trade Monday (Nov 28) on concern the unrest in China, coupled with surging daily infections, may convince the authorities to introduce further Covid restrictions.
At the same time, the country’s focus after last month’s Communist Party congress has been on supporting the economy on a wide array of issues from reopening and the property crisis to relations with the US.
Teneo’s more positive view seems to have been reflected in China’s equity market, with stocks tied to further reopening mostly rising on Monday, bucking the weak trend in global markets.
Among major reopening bets, tour operator UTour Group Co. rose as much as 10%, Hong Kong-listed Cathay Pacific Airways Ltd. gained as much as 3.8%, and airport operator Guangzhou Baiyun International Airport Co. advanced as much as 3.6%.
"One suspects this sort of public pressure might encourage a faster pace of opening which would be a positive,” said Robert Mumford, an investment manager at GAM Hong Kong Ltd
Cham liao US premarket China ctrs also gap down like in China and HK and Spore leh. Ular mau cry apah cry amah liao lor. Wish you all HY can gap up not gap down tomolo leh. Haiyoh. Correct?
Never come across my mind the permutation will happen after watch their ceramah leh. Impossible to happen after they said never in lifetime will work with court cluster one leh. The whole ceramah talking about corruption and court cluster the narrative so strong leh. The least possible one but it happened. Only can say Msia Boleh. For the sack of Unity leh Haiyoh. Correct?
brightsmart
UlarSawa
Not a surprise leh. Is a shock lah. B4 1911 they want to kill each other leh. After that they become BFF leh. Haiyoh. Correct?
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I always like win win. Don't like lose lose. But I was unable to predict PH BN jv.
Politics wont help HY / politicians wont help HY investor - no use chitchat politic nonsense here (exchange phone number chitchat outside better - both get 1xtra friend)
Politik affect stock market mah. Why cannot talk politik kah. You talk kok so long pun belum pecah rm4.00 leh. Lagi mau rm3.00 leh. Left how many days already. Sudah kok talk 3 moons leh. Ada happen or not. Takda mah. You pun cannot make price down leh. Talk apa pun useless leh. Haiyoh. Correct?
MoneyMakers
Walao here become politic forum alrdy
Politics wont help HY / politicians wont help HY investor - no use chitchat politic nonsense here (exchange phone number chitchat outside better - both get 1xtra friend)
Aiyoo see past few days/weeks comment 24hr just ular/bob/b’smart talk politic nonsense
Obviously u 3 weirdos got no friends/life - thats why suggest exchange phone number chitchat whatever nonsense outside lo (can know each other personally also @ make new friends)
Many talking politik at here leh. You dunno more than 3 kah. You buta kah. Ada 4 5 or 6 lah. Haiyoh. Correct?
MoneyMakers
Aiyoo see past few days/weeks comment 24hr just ular/bob/b’smart talk politic nonsense
Obviously u 3 weirdos got no friends/life - thats why suggest exchange phone number chitchat whatever nonsense outside lo (can know each other personally also @ make new friends)
Haiyoh ular ada jadi referee leh. You forgotten your TP rm3.00 aftex ex divvy kah. Ular kasi you chance chgd until next QR leh. Why you so forgetful one kah. Apa you contribute scaring others kah. Haiyoh. Correct?
MoneyMakers
Aiyaa ular scared what - u dont even own any shares
U only here want waste time chitchat nonsense with bob/b’smart (fill ur empty life)
P/s: Understandable bob here (stuck high) / dunno where b’smart come from
Anti so sial one. 4.40 want to cutloss one leh. Cannot hold longer one meh. No money to buy grocery kah. Nvm lah. You raise white flag lah. Haiyoh. Correct?
Haiyoh nowadays TikiTok hot topic is China leh. Everywhere pun ada show protest on the street leh. Cham lor. The power of TikTok no one dunno what is the hot topic in the world leh. Haiyoh. Correct?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
UlarSawa
35,552 posts
Posted by UlarSawa > 2022-11-28 16:14 | Report Abuse
Time to divide cabinet posts kah. which party dapat apa post. Haiyoh. Correct?