Editor’s note: A version of this story appeared in CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here. New York CNN Business — Over the weekend, mainland China experienced something it hadn’t seen in over 30 years: thousands of protesters flooding the streets, defying the Communist Party. The protests had …
Protests in China chill global markets | CNN Business Read More »
hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …
The UK labor market cooled slightly in the third quarter The tight UK labor market cooled slightly in the third quarter as the economy contracted. Unemployment stood at 3.6% in the three months to September, down from a nearly five-decade low of 3.5% recorded between June and August. Data from the Office for National Statistics …
European markets muted as investors assess economic outlook Read More »
Some Chinese tech stocks have huge value, says Primavera Capital Shares of major Chinese tech companies are currently “so depressed” and “really cheap,” said Fred Hu, founder and chairman of Primavera Capital. The Hang Seng Tech index in Hong Kong is down more than 30% year-to-date, although the index has rebounded in recent weeks. The …
Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints Read More »
