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2024-04-29 03:35:37
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China's Plan to Boost Hong Kong IPOs Faces Challenges Amidst Stock Market Surge
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#133aea61 ver:0.87

China's plan to boost Hong Kong IPOs faces challenges amidst stock market surge. Hang Seng Index's best gain since 2011 attributed to positive corporate earnings and Chengdu's real estate policy change. Deal makers remain cautious due to low valuations and lack of big listings. Beijing aims to strengthen Hong Kong's role as a finance hub. #HongKong #IPOs #StockMarket #Finance...

#newstr #HongKong #StockMarket #HangSengIndex #EarningsOptimism #China'sPlanToBoostHongKongIpos

https://here.news/story/133aea61?ver=0.87


Oil Prices Fall on Israel-Hamas Ceasefire Talks and US Inflation Concerns
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#12d86ea3 ver:1.73

Oil prices fall on Israel-Hamas ceasefire talks and US inflation concerns, erasing gains from Friday. Brent crude futures down 1.1% to $88.50 a barrel, WTI futures down 1% to $83.01 a barrel. Efforts to mediate ceasefire ease geopolitical tensions. US inflation at 2.7% dim prospects of interest rate cuts, boosting the dollar and hurting oil demand. China's industrial profit growth slows, further weighing on oil demand. Prices could swing higher if US inventory data and China's PMI index improve. #OilPrices #IsraelHamas #Inflation #InterestRates...

#newstr #OilPrices #IsraelhamasCeasefireTalks #UsInflationConcerns #InterestRateCuts

https://here.news/story/12d86ea3?ver=1.73


Ringgit Opens Weaker Against US Dollar as Investors Await Cues
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#edbf6f6a ver:1.03

The ringgit opened weaker against the US dollar as investors awaited cues, influenced by factors such as the strength of the greenback and lower-than-expected US GDP data. The ringgit is predicted to trend around 4.77 to the US dollar next week, with concerns about the Fed's stance on interest rate cuts. Investors are waiting for upcoming events to determine the direction of the ringgit. #Ringgit #USdollar #economy #Fed #interestrates...

#newstr #Ringgit #UsDollar #CurrencyExchange #Economy

https://here.news/story/edbf6f6a?ver=1.03


Asian Stocks Rise Ahead of Fed Meeting, Yen Weakens
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#080c8e6b ver:2.1

Asian stocks rise as markets remain optimistic following tech-driven rally on Wall Street. Yen weakens to 34-year low. Fed meeting, US jobs report, Eurozone flash GDP and CPI numbers expected this week. #AsianStocks #YenWeakens #FedMeeting #USJobsReport #EurozoneGDP #EurozoneCPI...

#newstr #AsianStocks #JapaneseYen #FederalReserve #CurrencyMarket #Msci'sAsiapacificSharesIndex #S&p500Futures #HangSengIndex #China'sBluechipIndex #Euro #Sterling #OilPrices #GoldPrices #Hamas

https://here.news/story/080c8e6b?ver=2.1


Yen Plunges Below ¥160 Per Dollar Amid Volatile Trading on National Holiday
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#9654910e ver:0.23

The Japanese Yen has reached a historic low against the US Dollar, depreciating to ¥160 per Dollar. This is due to the strength of the US Dollar and postponed rate cuts by the Federal Reserve. The Yen's weakness may undermine Chinese manufacturers and has consequences for Japan's export-driven economy. The Bank of Japan is discussing interest rates, with potential intervention to stabilize the Yen. The Yen's weakening trend is expected to continue as long as the interest rate gap between the US and Japan remains significant. #Yen #USDJPY #economy...

#newstr #JapaneseYen #UsDollar #ExchangeRate #CarryTrades #BankOfJapan

https://here.news/story/9654910e?ver=0.23


Matin Kim Expands into Hong Kong, Macau, and Taiwan Markets
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#293c5b80 ver:0.11

South Korean brand Matin Kim expands into Hong Kong, Macau, and Taiwan markets with exclusive import and distribution contracts. Backed by Hago Haus, they aim to achieve $117 million in sales over the next five years and open their first standalone overseas store by 2024. Matin Kim plans to replicate its success in Korea and establish a strong presence in the Greater China region, becoming a recognized name in the fashion industry. #MatinKim #expansion #HongKong #Macau #Taiwan #fashion...

#newstr #MatinKim #HagoHaus #Expansion #InternationalMarkets #GreaterChina #BrandRecognition

https://here.news/story/293c5b80?ver=0.11


China's Economy Shows Strong Start in Q1 2024, Projected to Maintain Stable Growth in Q2
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#c17a466a ver:0.19

China's economy had a strong start in Q1 2024, with a 5.3% YoY GDP growth rate. Certain industries like electric vehicles and solar cells grew over 20%. Q2 is projected to maintain stable growth with measures like tax cuts and increased support for industrial transformation. The services sector contributed significantly to growth but large companies recovered faster than small ones. Industrial profits rose 4.3% in Q1 but fell 3.5% in March, indicating declining profitability. China's overall economic outlook remains uncertain, raising doubts about its ability to catch up to the US. #ChinaEconomy #GDPGrowth #Q2Outlook...

#newstr #China #Economy #Gdp #FiscalPolicy #MonetaryPolicy #Exports #ConsumerSpending #FixedassetInvestment #RealEstateMarket #ChineseYuan #UsDollar

https://here.news/story/c17a466a?ver=0.19


Mexico's Manufacturing Sector Thrives as US and China Invest
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#a1e8662a ver:0.24

Mexico's manufacturing sector thrives as US and China invest, leading to a trade surplus and decline in imports. Strategic infrastructure projects and the USMCA agreement support Mexico's economic transformation. However, concerns arise over Chinese companies using Mexico to avoid US tariffs. Mexico must navigate global trade challenges to maintain its position as a key player. #Mexico #manufacturing #trade #US #China #USMCA...

#newstr #Mexico #Manufacturing #Us #China #SupplyChains #Usmca #Tariffs

https://here.news/story/a1e8662a?ver=0.24


AUD/USD and AUD/JPY React to RBA Rate Speculation and US GDP Data
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#acbb1c95 ver:0.61

The AUD/USD pair fell below 0.6500 after US GDP data revealed persistent price pressures, increasing the likelihood of the Federal Reserve keeping interest rates higher for longer. The probability of a rate cut in September 2024 is now 58.2%. However, better-than-expected Australian CPI data suggests the Reserve Bank of Australia (RBA) may delay rate cuts. AUD/JPY continues to rise due to hawkish RBA sentiment and uncertainty surrounding the Bank of Japan's rate outlook. The AUD/JPY pair is currently hovering around 104.50, a level not seen since April 2013. #AUDUSD #AUDJPY #RBA #Fed #GDP...

#newstr #Aud/usd #Aud/jpy #Rba #UsGdpData #InterestRates #Inflation #Jpy #Boj #StockMarket

https://here.news/story/acbb1c95?ver=0.61


Bitcoin ETFs Launch in Hong Kong, Excluding Mainland Chinese Investors
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#a8411540 ver:0.3

Hong Kong prepares for Bitcoin ETF launch and conference, excluding mainland Chinese investors. The ETFs aim to boost investor confidence and contribute to Bitcoin's price recovery. Meanwhile, Australia plans to approve spot-Bitcoin ETFs by the end of 2024, positioning itself as a key player in the global cryptocurrency market. The launch of these ETFs reflects the growing acceptance and adoption of cryptocurrencies in the financial industry. #Bitcoin #ETF #HongKong #Australia #cryptocurrency...

#newstr #Bitcoin #Etfs #HongKong #Australia #Cryptocurrency

https://here.news/story/a8411540?ver=0.3

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