China’s home sales surged to a record high last month, despite a prolonged government campaign to curb property speculation.
Sales by value, excluding affordable housing, jumped to a record 1.45 trillion yuan ($225 billion) in December, gaining 21 percent at the fastest pace in six months, according to Bloomberg calculations based on data released Thursday by the National Bureau of....More>>>
Here’s something strange about the current state of the markets. The biggest headline by far that’s rattling the market news is the escalation of U.S.-China trade tensions, driven primarily by U.S. allegations that China is overly aggressive when it comes to taking U.S. technologies. Indeed, some of the largest and most successful Chinese companies are mostly known to western investors....More>>>
The market has cooled on Chinese dot-com stocks in recent months, but I’m not the market. I initiated a position in Sogou (NYSE:SOGO) earlier this month. China’s second-largest search engine went public at $13 in early November, and after an initially warm investor reception, the stock started to break down. It’s been a busted IPO — trading below $13 — since late November.
Alibaba Group Holding Ltd could be set for a period of rapid growth ahead and could be a safe long-term bet.
The push into the cloud services market has proved a revelation for a number of companies such as Microsoft (NSDQ:MSFT), International Business Machines (NYSE:IBM), Amazon (NSDQ:AMZN)etc. as the global public cloud services market is expected to be worth nearly $300+ billion over the....More>>>
Asian shares are set for a slightly higher open, after a muted close in the U.S. Treasuries extended their recent decline and the dollar advanced as investors looked past trade comments by President Donald Trump amid a fresh batch of solid economic data.
Futures in Japan, Australia and South Korea all pointed to modest gains. The S&P 500 Index closed slightly lower after Trump raised....More>>>