SINGAPORE – Shares in Asia-Pacific were mixed in Thursday morning trade as investors await the release of US consumer inflation data. Mainland Chinese stocks were lower in morning trade, with the Shanghai composite down 0.19% while the Shenzhen component dipped 0.137%. Hong Kong’s Hang Seng index, on the other hand, advanced 0.44%. Hong Kong-listed shares … Read more
George Soros, billionaire founder of Soros Fund Management LLC, at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020. Simon Dawson | Bloomberg | Getty Images Chinese leader Xi Jinping’s position is in jeopardy, billionaire investor and philanthropist George Soros claimed. During a panel teleconference with the Hoover Institution on Monday, Soros argued … Read more
Chinese stocks currently look “very, very attractive,” but are unlikely to see a rapid turnaround in the next few months, according to UBS Global Wealth Management’s Kelvin Tay. “I think China is cheap. If you look at China’s performance this year, on a relative basis, it has actually underperformed by about 40% compared to both … Read more