[Smile] [Smile]

Like
Comment
Favorite

Alv83
2021-07-30

[Smile] [Smile]

China Stocks Slip to End Wild Week as Traders Price New Reality

Move to restrict tutoring industry triggered fierce selling Benchmark CSI 300 has declined by almost

China Stocks Slip to End Wild Week as Traders Price New Reality

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":806103379,"tweetId":"806103379","gmtCreate":1627637480191,"gmtModify":1703493836103,"author":{"id":3579517233442975,"idStr":"3579517233442975","authorId":3579517233442975,"authorIdStr":"3579517233442975","name":"Alv83","avatar":"https://static.tigerbbs.com/39bc3af6bd454b0ed7d73c6dcc4649f7","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p><span>[Smile]&nbsp;</span><span>[Smile]&nbsp;</span><br></p></body></html>","htmlText":"<html><head></head><body><p><span>[Smile]&nbsp;</span><span>[Smile]&nbsp;</span><br></p></body></html>","text":"[Smile] [Smile]","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/806103379","repostId":1192563770,"repostType":4,"repost":{"id":"1192563770","pubTimestamp":1627636272,"share":"https://www.laohu8.com/m/news/1192563770?lang=&edition=full","pubTime":"2021-07-30 17:11","market":"hk","language":"en","title":"China Stocks Slip to End Wild Week as Traders Price New Reality","url":"https://stock-news.laohu8.com/highlight/detail?id=1192563770","media":"Bloomberg","summary":"Move to restrict tutoring industry triggered fierce selling\nBenchmark CSI 300 has declined by almost","content":"<ul>\n <li>Move to restrict tutoring industry triggered fierce selling</li>\n <li>Benchmark CSI 300 has declined by almost 8% this month</li>\n</ul>\n<p>Chinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of a bear market.</p>\n<p>The CSI 300 index fell 0.8% on the day and 5.5% for the week, the worst since February. In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost 5.9%. Tencent Holdings Ltd. declined 2.6%.</p>\n<p>Investors are grappling with an uncertain regulatory landscape, given the range of industries targeted by the government. From derailing&nbsp;Ant Group’s blockbuster IPO to rules curbing monopolistic practices across the internet space, reducing leverage in the property industry and reforming the tutoring sector, the investor playbook continues to rapidly change. About $1.5 trillion of market value has evaporated in those sectors since February, according to data compiled by Bloomberg.</p>\n<p>“It’s the fear of the unknown,” said Justin Tang, head of Asia research at United First Partners. “Market sentiment is on thin ice. Investors probably expected more meat, however they only got bones in respect to details of the Chinese government’s exhortation to calm down.”</p>\n<p><img src=\"https://static.tigerbbs.com/3444b428aeb0089bc575ba33f23f6d1a\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\"></p>\n<p>This week’s steep stock market declines were triggered by China’s move to ban swathes of its&nbsp;booming tutoring industry&nbsp;from making profits. It was the government’s most extreme step yet to rein in companies it blames for exacerbating inequality, increasing financial risk.</p>\n<p>The ensuing rout was ferocious enough for Beijing to signal its discomfort. State-run media published a series of articles suggesting the selloff was overdone, while the nation’s securities regulator convened a&nbsp;video conference&nbsp;with banking executives to convey the message that education policies were not intended to hurt companies in other industries.</p>\n<p>“Confidence has not fully recovered,” said Steven Leung, UOB Kay Hian (Hong Kong) Ltd. executive director. “Investors need more explanation from regulators to clarify these policy uncertainties.”</p>\n<p>China’s central bank pumped a larger than usual amount of cash of 30 billion yuan ($4.6 billion) into the financial system for a second-straight day. The move was made to soothe market nerves and ensure ample cash supply toward the end of the month,analysts say. The nation’s sovereign bonds climbed for a seventh straight week, marking the longest stretch of gains in more than three years, as the stocks swoon and slower growth fanned bets on monetary easing.</p>\n<p><img src=\"https://static.tigerbbs.com/e76eb81f0c7082d142af2ee9745369ed\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\"></p>\n<p>China’s CSI 300 Index closed 7.9% lower for the month, its worst performance since October 2018. The Hang Seng Index is down by 9.9% for the period.</p>\n<p>BNP Paribas downgraded its China weighting to neutral from overweight in the broker’s model allocation for Asia, excluding Japan. “We think regulatory pressure could continue for now,” analyst Manishi Raychaudhuri wrote in a note dated Thursday. He added that Chinese tech hardware, mobile gaming, electric vehicle-related stocks and new energy “could be relatively immune.”</p>\n<p><b>Winners</b></p>\n<p>Renewables and semiconductor shares have been bright spots amid the rout, with the top 10 performers on the CSI 300 this week all related to the themes. Renewable energy equipment maker Sungrow Power Supply Co. and communications equipment manufacturer Wingtech Technology Co. gained more than 20%, as the companies are seen tobenefitfrom China’s structural shifttowardsgreater innovation.</p>\n<p>The Star 50 Index, which counts such companies as members, is up 1.8% in the past five days.</p>\n<p>Meanwhile, the Hang Seng Tech Index fell 2.6% on the day and 17% for the month, the most since October 2018. Friday’s slide followed a decline by U.S.-listed Chinese stocks Thursday, as investors looked past gains by Didi Global Inc., amid reports the ride-hailing company was considering going private.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Stocks Slip to End Wild Week as Traders Price New Reality</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Stocks Slip to End Wild Week as Traders Price New Reality\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-30/china-stocks-slip-as-traders-price-a-new-reality-in-wild-week?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Move to restrict tutoring industry triggered fierce selling\nBenchmark CSI 300 has declined by almost 8% this month\n\nChinese stocks fell on Friday, rounding off a volatile week for investors struggling...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-30/china-stocks-slip-as-traders-price-a-new-reality-in-wild-week?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数","HSTECH":"恒生科技指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-30/china-stocks-slip-as-traders-price-a-new-reality-in-wild-week?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192563770","content_text":"Move to restrict tutoring industry triggered fierce selling\nBenchmark CSI 300 has declined by almost 8% this month\n\nChinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of a bear market.\nThe CSI 300 index fell 0.8% on the day and 5.5% for the week, the worst since February. In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost 5.9%. Tencent Holdings Ltd. declined 2.6%.\nInvestors are grappling with an uncertain regulatory landscape, given the range of industries targeted by the government. From derailing Ant Group’s blockbuster IPO to rules curbing monopolistic practices across the internet space, reducing leverage in the property industry and reforming the tutoring sector, the investor playbook continues to rapidly change. About $1.5 trillion of market value has evaporated in those sectors since February, according to data compiled by Bloomberg.\n“It’s the fear of the unknown,” said Justin Tang, head of Asia research at United First Partners. “Market sentiment is on thin ice. Investors probably expected more meat, however they only got bones in respect to details of the Chinese government’s exhortation to calm down.”\n\nThis week’s steep stock market declines were triggered by China’s move to ban swathes of its booming tutoring industry from making profits. It was the government’s most extreme step yet to rein in companies it blames for exacerbating inequality, increasing financial risk.\nThe ensuing rout was ferocious enough for Beijing to signal its discomfort. State-run media published a series of articles suggesting the selloff was overdone, while the nation’s securities regulator convened a video conference with banking executives to convey the message that education policies were not intended to hurt companies in other industries.\n“Confidence has not fully recovered,” said Steven Leung, UOB Kay Hian (Hong Kong) Ltd. executive director. “Investors need more explanation from regulators to clarify these policy uncertainties.”\nChina’s central bank pumped a larger than usual amount of cash of 30 billion yuan ($4.6 billion) into the financial system for a second-straight day. The move was made to soothe market nerves and ensure ample cash supply toward the end of the month,analysts say. The nation’s sovereign bonds climbed for a seventh straight week, marking the longest stretch of gains in more than three years, as the stocks swoon and slower growth fanned bets on monetary easing.\n\nChina’s CSI 300 Index closed 7.9% lower for the month, its worst performance since October 2018. The Hang Seng Index is down by 9.9% for the period.\nBNP Paribas downgraded its China weighting to neutral from overweight in the broker’s model allocation for Asia, excluding Japan. “We think regulatory pressure could continue for now,” analyst Manishi Raychaudhuri wrote in a note dated Thursday. He added that Chinese tech hardware, mobile gaming, electric vehicle-related stocks and new energy “could be relatively immune.”\nWinners\nRenewables and semiconductor shares have been bright spots amid the rout, with the top 10 performers on the CSI 300 this week all related to the themes. Renewable energy equipment maker Sungrow Power Supply Co. and communications equipment manufacturer Wingtech Technology Co. gained more than 20%, as the companies are seen tobenefitfrom China’s structural shifttowardsgreater innovation.\nThe Star 50 Index, which counts such companies as members, is up 1.8% in the past five days.\nMeanwhile, the Hang Seng Tech Index fell 2.6% on the day and 17% for the month, the most since October 2018. Friday’s slide followed a decline by U.S.-listed Chinese stocks Thursday, as investors looked past gains by Didi Global Inc., amid reports the ride-hailing company was considering going private.","news_type":1},"isVote":1,"tweetType":1,"viewCount":300,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}