Morgan Stanley Warns Against Buying the Dip in Chinese Stocks By Bloomberg News October 20, 2023 at 1:36 PM GMT+8 - Foreign funds withdrawal from shares at ‘unprecedented’ stage - Redemptions could pick up towards year-end amid higher rates
Morgan Stanley is advising investors against buying the dip in Chinese stocks, warning that foreign funds may keep selling unless there is further policy easing and sentiment is likely to remain fragile.
Foreign investors’ outflow from the so-called A-share market has entered “an unprecedented stage,” Morgan Stanley strategists including Laura Wang wrote in a note, stating that the cumulative outflow of $22.1 billion from Aug. 7 to Oct. 19 is the largest in Stock Connect’s history. The Stock Connect refers to trading links between China and Hong Kong.
Mega-Cap China Tech Bears Brunt of Deepening Foreigner Exodus October 20, 2023 at 7:16 AM GMT+8 - US, EU funds sell net $1.6 billion of China shares this month
Foreign money managers are bailing on some of the biggest names in China’s technology sector as a global exodus from the nation’s equities deepens.
US and European fund managers have sold a net $1.6 billion of Chinese shares so far this month, following $3.5 billion of outflows in September, data from EPFR Global and Morgan Stanley show. Tech names are being hit hardest, with companies including Tencent Holdings Ltd., Alibaba Group Holding Ltd. and JD.com Inc. seeing the most selling, strategists from the New York-based bank led by Gilbert Wong and Laura Wang wrote in a Thursday report. - Tencent, Alibaba among names sold most, Morgan Stanley says
the luckiest people are the Chinese........so many choices and options in China.
BYD is the leader but there is also the Huawei car Aito, Geely Zeekr, Volvo, polestar, SIC MG, GAC AION, Nio, X peng, Li, Neeta, Cherry, Huawei Cherry, wuling, many many more. from USD 10,000 to USD 200,000.
over the next few years, all foreign brands not tesla especially Japanese cars will disappear from China...and the German become niche players with small market share.
this is decoupling, not because of government policy but consumer choice.
Mega-Cap China Tech Bears Brunt of Deepening Foreigner Exodus October 20, 2023 at 7:16 AM GMT+8 - US, EU funds sell net $1.6 billion of China shares this month
Good, check what is the best trading stock in Bursa. those who don't believe will lose his pant. Lol.
Nvidia’s top gamer graphics card caught up in US-China trade war Published Fri, Oct 20, 2023 · 11:52 am
CHINESE gamers now have to pay more than double the list price of Nvidia’s flagship consumer graphics card after it was caught up in a US technology export ban on its biggest geopolitical rival.
Prices for the year-old GeForce RTX 4090, originally listed at US$1,599, are now as high as 29,000 yuan (S$5,498) on Alibaba Group Holding’s Taobao marketplace as retailers begin to pull it from their shelves. The RTX 4090 is Nvidia’s top-of-the-line GPU and an aspirational item for gamers worldwide, but it’s now prohibited to export to China without a US government license after its performance was found to exceed a threshold set by American officials, Nvidia said in a filing this week.
Nvidia’s top gamer graphics card caught up in US-China trade war Published Fri, Oct 20, 2023 · 11:52 am
CHINESE gamers now have to pay more than double the list price of Nvidia’s flagship consumer graphics card after it was caught up in a US technology export ban on its biggest geopolitical rival.
Prices for the year-old GeForce RTX 4090, originally listed at US$1,599, are now as high as 29,000 yuan (S$5,498) on Alibaba Group Holding’s Taobao marketplace as retailers begin to pull it from their shelves. The RTX 4090 is Nvidia’s top-of-the-line GPU and an aspirational item for gamers worldwide, but it’s now prohibited to export to China without a US government license after its performance was found to exceed a threshold set by American officials, Nvidia said in a filing this week.
What a pity eventually no computer game. Lol.
Very pity SMIC could not produce excellent computer game chips, no problem lah CCP just played 5 years ago computer game lah.
Nvidia’s top gamer graphics card caught up in US-China trade war Published Fri, Oct 20, 2023 · 11:52 am
CHINESE gamers now have to pay more than double the list price of Nvidia’s flagship consumer graphics card after it was caught up in a US technology export ban on its biggest geopolitical rival.
Prices for the year-old GeForce RTX 4090, originally listed at US$1,599, are now as high as 29,000 yuan (S$5,498) on Alibaba Group Holding’s Taobao marketplace as retailers begin to pull it from their shelves. The RTX 4090 is Nvidia’s top-of-the-line GPU and an aspirational item for gamers worldwide, but it’s now prohibited to export to China without a US government license after its performance was found to exceed a threshold set by American officials, Nvidia said in a filing this week.
What a pity eventually no computer game. Lol.
Very pity SMIC could not produce excellent computer game chips, no problem lah CCP just played 5 years ago computer game lah.
If CCP know to manufacture those AI chips then no need to pay more than double lah.
Ya lah why PMX & PH must be busy body take sides Israel-Palestine war? Israel-Palestine war is not our business! Because we take sides, global funds dump our Ringgit! And this indirectly make we rakyat suffer!
The typical human body has 4 × 1027 hydrogen atoms and 2 × 1027 oxygen atoms in it! If each of us accumulates atoms randomly, that still means that each of us, on average, have hundreds of billions of atoms that were, a year ago, inside each and every other person on Earth. Hundreds of billions of atoms are in your body not only from me and everyone else on Earth, but also from dinosaurs that lived millions of years ago.
We are not in their shoes, therefore, we have a clearer picture looking from the outside. It is very difficult to be aware of once the strong hatred is penetrated into the subconscious mind. The emotional is too strong and uncontrollable (out of mind) once being triggered.
Not suppress. That's not good enough. Like bad habit - cannot be broken, but can be replace by good habit. So, not suppress hatred. But to cultivate love - even toward enemies.
Globally, millions of ppl gather to protest against ethnic cleansing in Gaza. Thousands locally. But would they dare to march on - into the area to save the victims? Or just doing lip service only
That's why I said we our world needs a real holy spirit leader to deal with this complex problem. Emotions is too difficult to deal since it hides into our mind subconscious. It can be triggered easily by smart-ass naughty politicians.
The Palestine problem will not be solved by education. It will be solved by negotiated settlement fair to all or one side gets totally genocided
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Posted by FortuneBull777 > 2023-10-09 16:08 | Report Abuse
Geopolitics!