The Hang Seng and Shanghai Composite were in a narrow range on Thursday as investors waited for the Donald Trump and Xi Jinping summit in Beijing. They were trading at H$26,388 and CNY 4,242, respectively.Chinese stocks wavers ahead of Trump-Xi summit The Shanghai Composite and the Hang Seng indices moved sideways…
Financial markets are fixated on President Donald Trump’s high-stakes summit with President Xi in Beijing, a pivotal meeting poised to reshape international supply chains and trade policy.With bilateral discussions expected to center heavily on tariffs, artificial intelligence (AI), Taiwan, and rare earth materials, the negotiations carry immense weight for multinational…
Chinese stocks are easing even as US President Donald Trump and Chinese President Xi Jinping sit down in Beijing because much of the optimism was already built into prices before the meeting began.Mainland Chinese stocks extended losses on Thursday, with the Shanghai Composite down 1.04% and the Shenzhen Component falling…
Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year. This growth makes it one of…
Samsung Electronics stock rose 3.4% in Thursday trading, even as South Korea’s finance minister warned that a threatened strike at the company could become a significant risk to the country’s economic growth, exports and financial markets.The warning followed a breakdown in pay talks on Wednesday between Samsung and its unionised workers. If…
Morgan Stanley has lifted its price targets for major Chinese equity indexes, citing stronger earnings, yuan resilience and China’s entrenched role in global supply chains, CNBC reported on Thursday. In its latest strategy note, the US investment bank said stronger corporate earnings, a firmer yuan and China’s entrenched role in global…
Nvidia stock (NASDAQ: NVDA) has remained a market favourite after hitting another all-time high this week, extending the chipmaker’s golden run on Wall Street. Yet Jensen Huang’s appearance in Beijing alongside US President Donald Trump’s state visit is a reminder that, for all the enthusiasm around artificial intelligence, one of…
Thailand’s economy likely grew at a slower pace in the first quarter of 2026, as weak domestic demand and a tourism slowdown linked to the Iran war weighed on overall activity despite strong exports tied to artificial intelligence-related products.According to a Reuters poll of 17 economists conducted between May 8…
Apple (NASDAQ: AAPL) delivered another strong quarterly earnings report, beating Wall Street expectations on both revenue and profit.The company posted its best March quarter ever, with fiscal second-quarter revenue of $111.2 billion, up 17% year on year, and earnings per share of $2.01, up 22%.iPhone revenue hit a March-quarter record,…
Cisco’s (NASDAQ: CSCO) latest quarter gave investors a clean headline: better-than-expected results, a higher forecast, and a much bigger AI opportunity than the market had been modeling.The stock responded the way bulls hoped, jumping more than 16% in extended trading after Cisco reported third-quarter revenue of $15.8 billion, up 12%…