U.S. Jobless Claims Declined, Foreign Trade Deficit Risen, Alibaba (BABA), Tencent (TME) Dropped For Blacklisting News
On Thursday, on the macro-economic front, the latest United States figures have been mixed, reinforcing investor hopes for new fiscal stimulus initiatives. Registrations for unemployment declined marginally to 787,000 last week, down 3,000 from the previous week, versus a consensus of 800,000. In addition, a rise in unemployment in December to 77,030 from 64,797 a […]
Chinese Stocks Attracted Investors After Delisting Reversal Decision, Alibaba Rose Despite Unexplained Absence of Chairman
Chinese equity shares listed on Wall Street rose sharply on Tuesday, after a sudden U-turn by the New York Stock Exchange, which surrendered to the delist of three Chinese firms, China Telecom Company Limited (CHA), China Unicom (Hong Kong) Limited (CHU) and China Mobile Limited (CHL). The Trump administration had targeted the three Chinese telecom […]