Author: admin

Major US fund managers stayed cautious on China in the third quarter, with Oaktree Capital Management rebalancing its exposure to both equities and convertible bonds tied to Chinese firms, while Appaloosa – founded by billionaire investor David Tepper – made selective adjustments.Oaktree Capital, founded by notable investor Howard Marks, sold all of its 1.5 million shares valued at US$26.8 million in KE Holdings, a Chinese online property platform, in the third quarter, according to its latest 13F filing with the US Securities and Exchange Commission.It also pared back its exposure to several convertible bonds issued by Chinese firms. The fund…

Bitcoin plunged to around 97,000 dollars today after falling sharply below the key 100,000-dollar level in a broad wave of risk aversion. The price hit an intraday low near 96,841 dollars, the weakest since May. The cryptocurrency has lost more than 23% compared with the record high it reached last month above 126,000 dollars. The decline came as traders reduced their expectations for a Federal Reserve rate cut in December, while delays in key U.S. economic data added to uncertainty, prompting investors to exit high-risk assets.   Although Bitcoin remains up about 5% since the start of the year, it…

As China’s global influence grows, the landscape of China studies is undergoing a profound transformation.Scholars both within China and internationally are confronting new challenges, from escalating geopolitical tensions and mutual distrust – especially between Washington and Beijing – to increasingly limited access, making research and academic collaboration more difficult than ever.Some have also urged a shift beyond Western-centric frameworks towards more field-based research and a truly open global dialogue.Against this backdrop, Beijing has in recent years engaged in an intense war of narratives with Washington, pushing to build soft power, promote its model of governance and “tell China’s story” in…

Bitcoin plunged to around 97,000 dollars today after falling sharply below the key 100,000-dollar level in a broad wave of risk aversion. The price hit an intraday low near 96,841 dollars, the weakest since May. The cryptocurrency has lost more than 23% compared with the record high it reached last month above 126,000 dollars. The decline came as traders reduced their expectations for a Federal Reserve rate cut in December, while delays in key U.S. economic data added to uncertainty, prompting investors to exit high-risk assets.   Although Bitcoin remains up about 5% since the start of the year, it…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market update: Stocks are trying to maintain a rebound after a nasty market sell-off on Thursday that carried over into Friday’s opening. It’s been a volatile few days, but the S & P 500 is still on track to squeeze out a gain for the week. One reason for the early turnaround on Friday, especially in AI stocks, might have been the commentary by Vertiv Chairman Dave Cote on “Squawk on the Street.”…

U.S. stock indexes fell during Friday’s trading amid heavy pressure and broad selling on Wall Street, particularly in the technology sector.   Speculation and uncertainty surrounding Federal Reserve policy returned to the forefront as concerns grew over the expected size of the rate cut at the upcoming December meeting.   According to the CME FedWatch tool, the probability of a 25-basis-point Fed rate cut in December shrank to 53.6% from 94.4% a month ago, while the probability of no change rose to 46.4% from 5.5%.   Early on Thursday morning, the U.S. House of Representatives voted in favor of the…

The crisis surrounding the chipmaker Nexperia erupted into a war of words on Friday, with the companies’ Chinese and Dutch arms trading barbs, while Beijing slammed the Dutch minister involved.It shows the company’s Chinese and European arms at war, despite claims of a diplomatic resolution to the crisis last week. It also shows the searing tensions between the two countries involved, after the Dutch economy minister this week said he had no regrets over the affair.China’s commerce ministry responded furiously to an interview given to the Guardian newspaper by Vincent Karremans on Thursday, in which he said he would repeat…

Beijing on Friday voiced deep concern and issued a stern warning to Tokyo against shifting its non-nuclear policy, after comments by Japan’s prime minister about Taiwan sharply escalated tensions between the two countries.Sanae Takaichi, who took office on October 21, has been considering revising Japan’s long-standing non-nuclear weapons principles, Japanese media reported on Friday citing government sources.This came after Japan’s defence minister, Shinjiro Koizumi, publicly urged the country to consider acquiring nuclear-powered submarines, while Chief Cabinet Secretary Minoru Kihara said Japan had “not ruled out any options” on the issue.On what would be Tokyo’s significant strategic shift from its “not…

The US dollar headed toward a weekly loss on Friday, as investors trimmed positions while awaiting a clearer assessment of the backlog of US economic data following the government’s reopening.   Traders sold the US currency despite rising yields and declining expectations of a Federal Reserve rate cut next month. The moves came alongside broad selling in US equities and bonds, which extended into Asian stock markets on Friday.   Ray Attrill, head of FX strategy at National Australia Bank (NAB), said: “There’s a whiff of a return to ‘sell America’ in the air.”   A growing number of Federal…

Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 turned higher Friday. The index opened lower after posting its worst one-day performance since Oct. 10. Still, Wall Street remains cautious of Big Tech’s heavy spending and stretched valuations. Jim Cramer reminded investors to stick with profitable companies — like Nvidia and Microsoft , both Club names, and Alphabet — rather than those that make promises they can’t back. While our trusted S & P Short Range Oscillator is not…