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Jan 4, 2024
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but for tencent it has really been ramping up its efforts for share repurchase.d data showed that we simply on every single trading day, tencent has been buying back about a total of $1 billion hong kong of its shares on hong kong trading market. to put that into perspective and for the chinese gaming regulators, they should a set of surprise rules aimed at curbing laying time as well as spending on video games. tencent was buying back at a pace of about $400 million hong kong per day, so that is an increase of more than 100%. it really shows that tencent is ramping up efforts to restore the market confidence as well as in itself, recently. ed: exactly that, it is the mechanism or the reaction to what has happened which is the new rules or gaming restrictions. there is a wonderful line in the bloomberg story. still, for many investors who remain traumatized by a state of abrupt rules, just remind us where we stand with the regulations that came in just before the new year. >> exactly. so many investors that we talked to have been mentioning about all those memori
but for tencent it has really been ramping up its efforts for share repurchase.d data showed that we simply on every single trading day, tencent has been buying back about a total of $1 billion hong kong of its shares on hong kong trading market. to put that into perspective and for the chinese gaming regulators, they should a set of surprise rules aimed at curbing laying time as well as spending on video games. tencent was buying back at a pace of about $400 million hong kong per day, so that...
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Jan 23, 2024
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netease and tencent holdings lost $80 billion in market value, netease losing a quarter of the valueies for many worried investors who feared that beijing's crackdown on gaming companies might be back on. in recent years, we have seen tough restrictions on these companies increasingly from beijing worried about gaming addiction particularly among young people. in 2021, beijing limited the play time for under 18 is, restricting to a number of hours during the week and weekend and such and hours of the day. and suspending approvals for new games for eight months. this crackdown has formally ended but regulators say they want to reduce in game spending. the other aspect driving up tencent holdings's share price, one of the companies, riot, cutting a tenth of its workforce. in china many gaming companies are cutting back... during the pandemic, there was mass hiring for a period, the pandemic, there was mass hiring fora period, now the pandemic, there was mass hiring for a period, now with less demand as people tighten their purse strings, many companies laying off employees. kt silver.
netease and tencent holdings lost $80 billion in market value, netease losing a quarter of the valueies for many worried investors who feared that beijing's crackdown on gaming companies might be back on. in recent years, we have seen tough restrictions on these companies increasingly from beijing worried about gaming addiction particularly among young people. in 2021, beijing limited the play time for under 18 is, restricting to a number of hours during the week and weekend and such and hours...
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Jan 23, 2024
01/24
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shares in tencent holdings, the world's biggest gaming company, and its closest rival, netease rose byasia business hub. tell us more. sally, first of all it must present it unclear exactly why this government link has been taken down, the website that had these rules. it could be a change of policy, it could be the site is down or as some analysts say it could be that a remission is coming, so far we have not heard back from the government but so far gaming stocks are up because when these rules were first announced back in december and announced back in december and a consultation period was launched, it sparked market turmoil. we saw $80 billion of value been wiped out from the two companies you mention, tencent holdings and netease. netease's prices dropped by a quarter. it worried investors who remembered and fed beijing's crackdown on gaming companies may be back on. i spoke to you a few times about this. beijing has been increasingly tough on these companies, worried about gaming addiction particularly amongst the youngster back in 2021 for example, that lots of play time limit
shares in tencent holdings, the world's biggest gaming company, and its closest rival, netease rose byasia business hub. tell us more. sally, first of all it must present it unclear exactly why this government link has been taken down, the website that had these rules. it could be a change of policy, it could be the site is down or as some analysts say it could be that a remission is coming, so far we have not heard back from the government but so far gaming stocks are up because when these...
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Jan 5, 2024
01/24
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tencent spent over $380 million on buybacks this week alone.ty space closely as we start to get both the numbers from the busy festive holiday season across new year's and christmas, but of course then also going into next month's lunar new year celebrations as well. it has not been such a great story when it comes to hong kong. a lot of these iconic venues sitting pretty empty as we have seen hong kong residents instead making that trip across the border to the likes of change in instead of going -- likes of change in instead of going into hong kong. increasingly facing these mounting headwinds. the city's top nightlife spots being left pretty deserted as residents go to mainland china for cheaper shopping and entertainment options. you can see on that chart the acceleration when it comes to resident outflows in 2023 compared to the blue line in 2019. shery: this really challenges on all fronts for hong kong, that week sentiment translating to -- weak sentiment translating to developer demand being dampened. this is hurting the hong kong gover
tencent spent over $380 million on buybacks this week alone.ty space closely as we start to get both the numbers from the busy festive holiday season across new year's and christmas, but of course then also going into next month's lunar new year celebrations as well. it has not been such a great story when it comes to hong kong. a lot of these iconic venues sitting pretty empty as we have seen hong kong residents instead making that trip across the border to the likes of change in instead of...
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Jan 3, 2024
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as a result, you are seeing large players such as tencent, alibaba njd increasing their compliance ornal operation standards, in order to better protect and store and process data. the third one is minor protection. this targeting of the gaming sector. so far, i think the large players have been in strict compliance with these rules. they also increase their collaboration with a lot of policy think tanks as well as the government. over all there is a change of attitudes, a few years back, large tech companies were pretty much going against the regulation, trying to fight with the regulatory norms so they could better develop their topline growth, but now, they are in more harmony and in more compliance with regulatory measures and a lot of the vaguely tory proposals. shery: zerlina zeng, senior credit analyst at creditsights. good to have you with us, with your outlook for the given sector in china for 2024. we continue to see those very challenging headlines when it comes to the broader economy. wages offered to workers in major cities declining by the most on record. data from onlin
as a result, you are seeing large players such as tencent, alibaba njd increasing their compliance ornal operation standards, in order to better protect and store and process data. the third one is minor protection. this targeting of the gaming sector. so far, i think the large players have been in strict compliance with these rules. they also increase their collaboration with a lot of policy think tanks as well as the government. over all there is a change of attitudes, a few years back, large...
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Jan 16, 2024
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in the long run, it will be the likes of tencent, alibaba, arguably some of the other larger tech namesd market leadership in the early days, that is rapidly being eroded as check -- as tech giants increasingly narrow the gap with their huge balance sheets behind them, putting a lot of resources into the sector. so, whilst i wish baidu well, i think it's going to be an increasingly challenging story for them for not just the next year, but the next few years. rishaad: is there any interest coming from outside of china in the stocks? are we getting more interest from the u.s. at all? of course, there are so many types of barriers, such as the threat of regulatory action and the like. robert: great question, as you are aware, a lot of funds out there at the moment. it will have actively worked them down with a minority only able to add based on various an internal restrictions or otherwise. to be fair, i don't think we will get a major change through this year, regardless of what the valuations may look like. ultimately, the stock market is driven by many factors, supply and demand is one
in the long run, it will be the likes of tencent, alibaba, arguably some of the other larger tech namesd market leadership in the early days, that is rapidly being eroded as check -- as tech giants increasingly narrow the gap with their huge balance sheets behind them, putting a lot of resources into the sector. so, whilst i wish baidu well, i think it's going to be an increasingly challenging story for them for not just the next year, but the next few years. rishaad: is there any interest...
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Jan 25, 2024
01/24
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for example, this week right games and tencent initiated sizable layoffs.broke the news just today that they killed her project that was going to be a live streaming service, twitch. we're seeing countries focusing on core businesses. annabelle: you mentioned the inquiry from the ftc, how significant do you think that regulatory risk, in some ways china's crackdown on big tech and concerns of monopolies could be of precursor for what we could see another markets, including europe. >> ai has been the big unknown in every industry, we are all wrestling with how big this is going to be and what issues it presents. the ftc is just an inquiry at this point, so it may not amount to any suit or sanctions or anything like that. this has been a very aggressive ftc and overall, particularly regarding tech companies. this is something we will be monitoring very closely. paul: other corporate stories we are following, jamie dimon is moving some of his top lieutenants to new senior roles. one will oversee the corporate -- corporate investment bank, it positions them for
for example, this week right games and tencent initiated sizable layoffs.broke the news just today that they killed her project that was going to be a live streaming service, twitch. we're seeing countries focusing on core businesses. annabelle: you mentioned the inquiry from the ftc, how significant do you think that regulatory risk, in some ways china's crackdown on big tech and concerns of monopolies could be of precursor for what we could see another markets, including europe. >> ai...
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Jan 23, 2024
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alibaba use to be the crown jewel of china but now it's fallen behind by how -- behind the likes of tencentrare public intervention last year posting on the public forum in his company that alibaba should maybe course correct and he praised them for a job well done and it just goes to show you this is like a nudge on the shoulder for alibaba. he said alibaba could be successful again. >> i was reading the new york times report and there is a rationale behind the current buying, what is it according to that report? >> the new york times report saying it's not just alibaba because overall if you look at the benchmark index, the index at its lowest in five years. this is why chinese authorities are -- they are looking around 270 billion so that's a significant amount under looking to buy from offshore accounts of chinese companies but if you ask investors some of them are kind of disillusioned were not feeling as optimistic because they said this may spark a little rebound but it's the fundamentals that need fixing. ed: isabel lee on alibaba's u.s. shares. currently up around 7%. the biggest j
alibaba use to be the crown jewel of china but now it's fallen behind by how -- behind the likes of tencentrare public intervention last year posting on the public forum in his company that alibaba should maybe course correct and he praised them for a job well done and it just goes to show you this is like a nudge on the shoulder for alibaba. he said alibaba could be successful again. >> i was reading the new york times report and there is a rationale behind the current buying, what is it...
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Jan 30, 2024
01/24
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the investors includings lululemon founder and tencent agreed to a 100-day lock up period.he firm ipo is expected to price between $16 and $18 a share. >>> and fanduel parent company fluter is listed on the new york stock exchange. it will quit the listing in europe which is another blow to the london equity mark. flutter ceo says there is deeper access to the capital markets in the u.s. >> that is why we wanted t coverage. i think from our perspective, i met a lot of u.s. investors who had been wanting to invest in flutter. the high levels of the liquidity compared to the european exchange is something which is very attractive. we hope to benefit from that. >>> we will cut on to break. when we come back, bbva beats on fourth quarter profits and announces a share buyback program. cnbc spoke to the chair and we will bring you more after the break. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping
the investors includings lululemon founder and tencent agreed to a 100-day lock up period.he firm ipo is expected to price between $16 and $18 a share. >>> and fanduel parent company fluter is listed on the new york stock exchange. it will quit the listing in europe which is another blow to the london equity mark. flutter ceo says there is deeper access to the capital markets in the u.s. >> that is why we wanted t coverage. i think from our perspective, i met a lot of u.s....
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Jan 3, 2024
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you're looking at the stocks tencent and netease. members were forced to be let go or resign. he was one of the authors of new gaming regulations. his removal might present some upside for them. that's the one bright spot we saw in asia. >> all right, jp ong. now let's turn to europe and our joumanna bercetche. good morning. >> good morning, frank. it's riskoff over here as well, stoxx 600 pulling off toward the close yesterday. every single one of these is trading in the red with the exception of the swiss. again, a similar theme to the u.s. investors are started to dial back their expectations out of the ecb bond yields. it's have an adverse impact. the ftse 100 down half a percent. we continue to see an underperformance in basic refiners. xetra dax down 0.8%. the cac was down 7% today toward the bottom of the stoxx 600. of course, that is not the only stock that barclays downgraded yesterday as we've been talking about on all of these shows. they also downgraded apple. that's having an impact on european chipmakers as well and other designers, chipmakers, all coming under s
you're looking at the stocks tencent and netease. members were forced to be let go or resign. he was one of the authors of new gaming regulations. his removal might present some upside for them. that's the one bright spot we saw in asia. >> all right, jp ong. now let's turn to europe and our joumanna bercetche. good morning. >> good morning, frank. it's riskoff over here as well, stoxx 600 pulling off toward the close yesterday. every single one of these is trading in the red with...
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Jan 3, 2024
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tech is down today, the likes of tencent and net ease on the back of a reuters report of a top official that oversees the division that looks after gaming regulations in the country has been fired. this is a week and a half after we saw those gaming curbs coming through, sparking an 80 billion dollar market rout. the implication in suggestion is that maybe that was not the chinese authorities intention. let's flip the board again because we are looking at the adani stocks. stocks for the adani group and companies climbing today. this is on the back of top court verdict coming from the india supreme court, saying no special investigation is needed for adani. this is related to the hindenburg case amid the allegations of a short selling and market manipulation as well as fraud. to be clear, what we see in these stocks is something we saw ahead of that verdict. that's your look at asia markets. kriti: a really interesting read through that you were seeing on the global story, but also that independent india story. avril hong, thank you for walking through it. i have some of the analysis. s
tech is down today, the likes of tencent and net ease on the back of a reuters report of a top official that oversees the division that looks after gaming regulations in the country has been fired. this is a week and a half after we saw those gaming curbs coming through, sparking an 80 billion dollar market rout. the implication in suggestion is that maybe that was not the chinese authorities intention. let's flip the board again because we are looking at the adani stocks. stocks for the adani...
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Jan 23, 2024
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tencent and netease looking strong as the chinese gaming regulator removed from its web site those draftules to control spending in video games. we don't know why it was removed, but the consult period on the rules ended yesterday. some analysts described it as unusual. the mainland index tracking gaming stocks popping on the news. lin lin, cnbc business news. >>> let's look at some of the reaction in u.s. futures at this stage. you can see it is very much a mixed picture as we await for the opening of the equity session stateside. it is worth remembering we saw significant positive moves on monday. just to recall your attention of the fact that the s&p ended the session 0.2%. it saw a fresh all-time high. we also saw fresh all-time highs on the dow. the question i have at this stage is whether this is going to continue. to answer that, i have with me the chief strategist at bca research. good morning, davlin. good to see you. we have seen significant moves in the u.s. equity space. how long do you think this can continue? >> i think the latest move up is being triggered by an a.i. gold
tencent and netease looking strong as the chinese gaming regulator removed from its web site those draftules to control spending in video games. we don't know why it was removed, but the consult period on the rules ended yesterday. some analysts described it as unusual. the mainland index tracking gaming stocks popping on the news. lin lin, cnbc business news. >>> let's look at some of the reaction in u.s. futures at this stage. you can see it is very much a mixed picture as we await...
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Jan 23, 2024
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we have seen toyota passing tencent to become asia's third-largest stock.ince 2016. it tells you not just how much investors are moving away from chinese assets but into japanese ones in turn. it is a focus at the annual goldman sachs global macro conference underway in hong kong. let's cross back to our event where yvonne man is standing by with our next guest. yvonne: it is about the boj the next few hours. with me now is professor of economics at a university appeared he previously served as the research chief at the bank of japan. thank you for joining us. every economist we talked to ed bloomberg thinks they are not going to do everything today, but what do you want to hear from the boj at this meeting? >> we would like to confirm as far as the fundamentals are concerned. things going quite closely to what the boj predict. let me just explain one by one. first of all, as far as economic fundamentals are concerned, my judgment is even this time, the boj can lift the negative interest rates. that is my judgment. this is not just my judgment. even today.
we have seen toyota passing tencent to become asia's third-largest stock.ince 2016. it tells you not just how much investors are moving away from chinese assets but into japanese ones in turn. it is a focus at the annual goldman sachs global macro conference underway in hong kong. let's cross back to our event where yvonne man is standing by with our next guest. yvonne: it is about the boj the next few hours. with me now is professor of economics at a university appeared he previously served as...
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Jan 4, 2024
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the top ten holdings in kweb etf, baba, tencent, you nope the names, baidu, they're in all differentors of the chinese economy. we're all familiar with government trackdowns against large tech platforms. the issues they've had reopening from covid. there's an icy relationship between china and the west. if you think this never can get better, the huge discount they're selling for is valid and should remain in place. however, if you think things are so bad there probably is room for improvement these stocks are too cheap to ignore. kweb is 72% below its all-time highs. it's had massive rallies. it could again. i'm not positioning myself as a geopolitical expert on u.s./china relations. i'm just telling you, you want contrarian, this is contrarian. >> okay, shannon, you want people to bet on commodities. why? >> normally we cam on and talk about expectations for a booming economy or meaningful supply shocks or both. we look at this in terms of a hedge for 2024, a ledge against some of those geopolitical concerns that josh just mentioned, and, fangly, against stronger chinese growth, yo
the top ten holdings in kweb etf, baba, tencent, you nope the names, baidu, they're in all differentors of the chinese economy. we're all familiar with government trackdowns against large tech platforms. the issues they've had reopening from covid. there's an icy relationship between china and the west. if you think this never can get better, the huge discount they're selling for is valid and should remain in place. however, if you think things are so bad there probably is room for improvement...
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Jan 29, 2024
01/24
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those companies, baidu , ali baba, tencent, they all have ai strategy and they play into the 1.4 billionding data and fueling the ai in china. so those are very good opportunities. >> if i'm persuaded those are good opportunities, and my best served by trying to assemble a portfolio of individual stocks on my own or going with a fund like the one you run which is u.s. china internet, krane shares or what? >> i think you take a portfolio approach. k web is the top 31 companies in china using ai so that is a good way to approach the china market through an etf that has the whole industry. >> thank you so much. we appreciate it. jonathan krane. >>> oil falling today despite violence in the middle east over the weekend. pippa stevens here to explain. oil was up early, then lost its method. >> that came after the drone attacks in jordan that killed three u.s. service members and also on friday, we had a russian fuel tanker hit or a fuel tanker carrying russian fuel, and what was really the first instance of a major energy tank. it was transiting in the gulf of aden, going up and so far we hav
those companies, baidu , ali baba, tencent, they all have ai strategy and they play into the 1.4 billionding data and fueling the ai in china. so those are very good opportunities. >> if i'm persuaded those are good opportunities, and my best served by trying to assemble a portfolio of individual stocks on my own or going with a fund like the one you run which is u.s. china internet, krane shares or what? >> i think you take a portfolio approach. k web is the top 31 companies in...
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Jan 23, 2024
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that was enough for tencent to erase its loss yesterday. it is now up 5.6%, okay? is soaring nearly 8%. jd.com, look at this one, two day charts having a massive rebound as well up 7% after its 2.8% loss yesterday and baidu erased 2% drop up 7 1/2%. while chinese stocks are on the rise our "countdown closer" was saying weeks ago, buy these stocks, they are too cheap not to own. john nowerry, manages 6.3 approximately dollars as the cio after nfj investment group. full disclosure, you and i were talking yesterday, last week, rather, and you said i know they're dangerous. people are scared to buy chinese equities but they're just too cheap. then i saw everything fall yesterday and now they're back up. this is a tough, tough sector to invest in, is it not? >> it is. good to see you again, liz. a couple things i would say, you know, if you invested in the csi 300 back in 2002 you were still beating the s&p 500 handily through 2020. the underperformance is more recent. we have had three back-to-back calendar years of negative returns in china. you had, you know the last
that was enough for tencent to erase its loss yesterday. it is now up 5.6%, okay? is soaring nearly 8%. jd.com, look at this one, two day charts having a massive rebound as well up 7% after its 2.8% loss yesterday and baidu erased 2% drop up 7 1/2%. while chinese stocks are on the rise our "countdown closer" was saying weeks ago, buy these stocks, they are too cheap not to own. john nowerry, manages 6.3 approximately dollars as the cio after nfj investment group. full disclosure, you...
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Jan 22, 2024
01/24
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tencent as well as net is also down at this point in time. >> welcome back.ing bloomberg markets: asia. foreign investors pulling the money out. all sectors in negative territory. also fears about deflation. it was one of the worst performers in primary markets in 2023. china headed for the lunch break. china has been under pressure as well. continuing to be down a 10th of 1%. how much deeper can it get? people are calling that risk reward. perhaps it is time to pick up some of those plays including the likes of ev. by the way, they have also been solo. in terms of the want trading at 79053, we have the fix stronger than anticipated as always. in terms of the japanese market, this is one market that has been continuing to add on to what it has been doing in 2023. generally up by about 1%. investors awaiting that pivot from the boj. we will know it better tomorrow. the nikkei 225 is up. 1% of topics higher. the and currently trading at 14 790. it has been trading weaker than the dollar. public consultations on proposal to limit the time and money spent are due
tencent as well as net is also down at this point in time. >> welcome back.ing bloomberg markets: asia. foreign investors pulling the money out. all sectors in negative territory. also fears about deflation. it was one of the worst performers in primary markets in 2023. china headed for the lunch break. china has been under pressure as well. continuing to be down a 10th of 1%. how much deeper can it get? people are calling that risk reward. perhaps it is time to pick up some of those...
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Jan 25, 2024
01/24
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if you look at the three most recognizable, alibaba, baidu, and tencent.heir revenues are up 33% over the past three years. the stocks are down 53 because of this aggressive persecution by the government, but the china economy has gone so bad that now china's having to step back from some of that. they're trying to get the growth going again and these stocks trade at a pe, those three of 12 times earnings. charles: wow. >> to put it in perspective "the magnificent seven" trade at 34 times. so all you need is to go from this aggressive persecution to vigilant monitoring and just the multiple revaluation alone could have huge upside for these names and we've started to sigh some of that happen. charles: dan, before i let you go, you know you actually rose to superstar dom during the dot-com era. not because you pick ad lot of great winners but because you warned everyone when it was time to get off the bandwagon. a lot of people drank the kool-aid and stayed there you but you didn't. that is how you distinguish yourself. are you feeling any of that right now
if you look at the three most recognizable, alibaba, baidu, and tencent.heir revenues are up 33% over the past three years. the stocks are down 53 because of this aggressive persecution by the government, but the china economy has gone so bad that now china's having to step back from some of that. they're trying to get the growth going again and these stocks trade at a pe, those three of 12 times earnings. charles: wow. >> to put it in perspective "the magnificent seven" trade...
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Jan 23, 2024
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alibaba, baidu, jd, tencent, jumping on these reports.hese don't really work for the long run, tim. >> they don't. and when i think about state-owned enterprises that have money in offshore accounts to put into some stabilization fund, i think of the companies that are in the fxi, not the ones in the kweb. meaning some of the big insurance companies and, you know, some of these companies, and i don't know whether this is good news the -- as an investor, i think about, okay, if you're urging your own companies to invest in the stock market, the companies that they're going to be invested in should be off-limits, in terms of state oppression, because, you know, when i go back to alibaba, this is a company that has probably 30%, 40% of its market cap in cash. the valuation is ridiculous. when you consider the growth level. even in a chinese economy that's going zero. but you can't put a qualification, you can't put a multiple on the fear of top-down oppression. and that's the stuff that we can't really do. so, again, this should be good news
alibaba, baidu, jd, tencent, jumping on these reports.hese don't really work for the long run, tim. >> they don't. and when i think about state-owned enterprises that have money in offshore accounts to put into some stabilization fund, i think of the companies that are in the fxi, not the ones in the kweb. meaning some of the big insurance companies and, you know, some of these companies, and i don't know whether this is good news the -- as an investor, i think about, okay, if you're...
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Jan 9, 2024
01/24
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22 and hopefully after that, it can remove an overhang for the market which would hopefully support tencent and all the big names in the china market. also hopefully we can hear good news about rrr cuts and other good news in the monetary market going forward. rishaad: if all that comes is it enough to remove this kind of mental block if you could call it that? >> all the policy easing is a welcome step. one very good indicator to watch is the data itself. secondly, look at the pmi data, of course it has been slowly improving in the last few months but it is still below 50 so it is still in contraction territory. this compares with other parts of the world. as you observe data on a real-time basis, you can see things are improving in china. that's when you start to allocate serious capital into the rocket. we all know it is a value trap. >> so the data is still a catalyst for you more than anything else. >> even though we are seeing some policies, it is not there bazooka. i don't think it is in the interest of the current government authorities to put up a bazooka. i think it is still gradu
22 and hopefully after that, it can remove an overhang for the market which would hopefully support tencent and all the big names in the china market. also hopefully we can hear good news about rrr cuts and other good news in the monetary market going forward. rishaad: if all that comes is it enough to remove this kind of mental block if you could call it that? >> all the policy easing is a welcome step. one very good indicator to watch is the data itself. secondly, look at the pmi data,...
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Jan 26, 2024
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it's looking like tencent currently down 1.3%. keep it here with us. back with "bloomberg: markets asia." china markets heading to lunch. under pressure, down 0.7 percent. a pullback in china as well as hong kong after the biggest three-day rally since 2022. that effect from stimulus fading somewhat. traders now looking for the bazooka stimulus, not sure if that's coming, but they say china needs to close in positive territory today to maintain momentum. as we count down to that lunar new year holiday, what traders want to see is a cut in mlf that could boost the economy across the board. the csi 300 down 0.7%. shanghai, also in negative territory. the yuan at 7.17 versus the usd slightly weaker, despite stronger than anticipated fixed by the pboc. some say there is appetite from the pboc to see a weaker currency. as china goes to lunch, the nikkei comes back from break under pressure, down by more than 1%. dragged down by chip-related companies, under pressure after intel gave a weaker than expect forecast. there has been profit-taking given how far t
it's looking like tencent currently down 1.3%. keep it here with us. back with "bloomberg: markets asia." china markets heading to lunch. under pressure, down 0.7 percent. a pullback in china as well as hong kong after the biggest three-day rally since 2022. that effect from stimulus fading somewhat. traders now looking for the bazooka stimulus, not sure if that's coming, but they say china needs to close in positive territory today to maintain momentum. as we count down to that lunar...
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Jan 30, 2024
01/24
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aia is pulling this down 13%, tencent is pulling this down at 10. alibaba, 8.5 percent. dragon's index. when you look at the pre-lim numbers coming out, short of estimates. popped out year on year. despite those record sales, certainly the price wars are starting to show up in these numbers. let's bring in our supply chain reporter with us on set to talk us through your initial thoughts. >> it's a standout on the quarterly basis -- quarterly basis, the level is quarter on quarter, despite having a record in that final time. it allowed her to become the biggest ev seller globally to overtake tesla. it's quite a drawback. it reflects how much deep this had been into the year to hit its annual target. to just make sure it hits that 3 million unit number. yvonne: what is the strategy moving forward? are they ok with that, to continue this momentum and gain more market share? or, are we going to see less of a need to implement some of these discounts? >> byd has a very's -- a very flexible lineup of cars, over 160 our price point for all the vehicles it produces. having some
aia is pulling this down 13%, tencent is pulling this down at 10. alibaba, 8.5 percent. dragon's index. when you look at the pre-lim numbers coming out, short of estimates. popped out year on year. despite those record sales, certainly the price wars are starting to show up in these numbers. let's bring in our supply chain reporter with us on set to talk us through your initial thoughts. >> it's a standout on the quarterly basis -- quarterly basis, the level is quarter on quarter, despite...
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Jan 23, 2024
01/24
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also taking place earlier on was to already -- toyota overtaking tencent as far as milestone goes toird largest stock in the asia-pacific. let's talk about india overtaking hong kong. one of the world's fourth largest stock markets. hong kong off highs of the day, still up 2%. i don't need to tell you where the news broke. it's visually upfront, if you will. as we head into the lunch break on shore, this is one of the many indexes we are tracking. the ssc you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a year when you buy one unlimited line. plus, get the new samsung galaxy s24 on us. david: here we go, just under a minute from the lunch break in shanghai and here in shenzhen. giving up all of the earlier gai
also taking place earlier on was to already -- toyota overtaking tencent as far as milestone goes toird largest stock in the asia-pacific. let's talk about india overtaking hong kong. one of the world's fourth largest stock markets. hong kong off highs of the day, still up 2%. i don't need to tell you where the news broke. it's visually upfront, if you will. as we head into the lunch break on shore, this is one of the many indexes we are tracking. the ssc you can make money the hard way as a...
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Jan 19, 2024
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essentially they've got one like tencent with wechat, you can do anything, apply for a mortgage.believe it or not. they list in london and kazakhstan. this is a kazakhstan stock exchange. they had a good offering. a billion dollars. looks like they have close to $20 billion market cap. again, this super app used to be the holy grail, the app of all apps. elon talked about this, can we have one app that does virtually everything. ali pay was another one they tried, the government in china has given them a hard time. it's an interesting idea, super app out there. courtney. >> got our attention with the kazakhstan super app. thank you very much. >>> we're going to turn to retail. bob mentioned consumer discretionary there. wayfair and macy's announcing plans to lay off thousands of workers, macy's cutting more than 2300 jobs. wayfair laying off 13%, more than 1600 workers for that company. that said, you have other retailers still investing in talent. walmart raised starting pay for store managers to $128,000 a year and redesigned its bonuses program that will focus more on sales an
essentially they've got one like tencent with wechat, you can do anything, apply for a mortgage.believe it or not. they list in london and kazakhstan. this is a kazakhstan stock exchange. they had a good offering. a billion dollars. looks like they have close to $20 billion market cap. again, this super app used to be the holy grail, the app of all apps. elon talked about this, can we have one app that does virtually everything. ali pay was another one they tried, the government in china has...