UBS Upgrades China Stocks Amid 'Valuation Collapse': What Investors Need to Know

UBS Group AG has lifted its recommendation on a key Chinese stock index to Overweight. Analyst cites resilient earnings as a beacon of hope in an otherwise turbulent market. UBS has issued a downgrade for Taiwan and South Korea markets to Neutral. Chinese equities have shown signs of resilience in recent months.

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week

Asia markets mostly rise tracking a tech-led rebound on Wall Street, focus on busy earnings week. Japan's yen hits new 34-year lows against the dollar. China created 3.03 million new urban jobs in the first quarter of 2024. In the U.S., on Monday, all three major indexes rebounded from their worst week of the year.

Weekly Report: what happened at MCHI last week (0415-0419)?

Asian markets mostly higher after China keeps lending rate unchanged

Asian markets mostly higher after China keeps lending rate unchanged in April. Japan's yen hovered 34-year lows around 154.7 per dollar. Indonesia's trade surplus increased to $4.47B in March 2024. U.S. Stock futures rose on Monday.

PBOC leaves benchmark rates unchanged in April

PBOC leaves benchmark rates unchanged in April. The 1-year loan prime rate was maintained at 3.45%. The decision came after the economy grew more than expected in Q1 of 2024. In China, the PBOC left key lending rates unchanged at the April fixing.

Weekly Commentary: World-Wide De-Risking/Deleveraging

Asian markets in red with a wave of risk-off sentiment

China's economic growth looks set to moderate after Q1 GDP beat - Deutsche Bank

Asian equity markets rebound as investors shrug off another tech-led selloff on Wall Street

Is China's Economic Rebound Genuine or a Mirage? Explore ETFs

Emerging Markets - A Changed Asset Class?

Chinese Exporters Grapple With Challenges Despite China's Economic Growth: 'We're Selling Electrical Appliances As Cheap As Cabbage'

Chinese exporters at the Canton Fair are grappling with a host of challenges. March saw a decline in exports in dollar terms, even as China's economy grew 5.3% in Q1. Exporters are facing increased economic and political tensions with the U.S. And a global trade slowdown.

Asia markets mixed, mirroring global sentiment after Powell remarks

China's First Quarter 2024 GDP Beat Forecasts As Investment Picks Up

Fund manager bullishness nears 'close-your-eyes-and-sell' levels

fund manager bullishness nears 'close-your-eyes-and-sell' levels. Money managers are the most bullish they have been in more than two years. Expectations for bonds have reversed and the highest percentage of respondents consider gold overvalued. Optimism on global growth rose for the first time since December 2021.

Asia markets in red tracking global stock selloff and despite strong GDP growth in China

Asia markets in red tracking global stock selloff and despite strong GDP growth in China. China's Q1 GDP expands 5.3% Y/Y, beats expectations. Retail sales rose more than expected in March, suggesting interest rates may stay steady. China reports air passenger numbers +37.7% in Q1 2024.

China's Q1 GDP expands 5.3% Y/Y, beats expectations

China's Q1 GDP expands 5.3% in the first quarter from a year ago, beating expectations for a 5% growth. Lunar New Year festival also helped buoy consumer spending. The Chinese economy grew by a seasonally adjusted 1.6% in Q1 of 2024.

Weekly Report: what happened at MCHI last week (0408-0412)?

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery. People's Bank of China kept the rate on CNY 100 billion worth of one- year policy loans to some financial institutions. The central bank drained a net CNY 70 billion of cash from the banking system in April.

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel over the weekend. Japanese machinery orders beat expectations for February. China's People's Bank of China kept its lending rate at 2.5%. All three major Asian markets ended in red on Friday.