
Chinese Stocks Narrow Gap With Hong Kong as Policy Bets Grow
The onshore market had lacked momentum for months, while shares in Hong Kong rallied on the back of technology and new consumer themes. A nascent reversal is taking place in July, as investors bet on positive policy messaging from the Politburo meeting and more action following Beijing's campaign to curb aggressive price competition in key industries.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
26 minutes ago
- Bloomberg
Trump Threatens India Over Russian Oil; Aramco & Infineon Report
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, Donald Trump threatens to "substantially" raise tariffs on India for continuing to buy Russian oil. A defiant India hits back, saying the US and Europe are still buying Russian energy too. Meanwhile Switzerland says it's determined to win over the US government, and reduce the shock 39% tariff rate announced last week. Also on the programme, tech stocks and dip-buying power the S&P 500 to its biggest rally since May. And on the earnings front, Aramco profit falls for a 10th straight quarter, as lower oil prices weigh on its balance sheet. While Germany's Infineon says uncertainty around tariffs means sales will be flat. (Source: Bloomberg)


Bloomberg
26 minutes ago
- Bloomberg
Nvidia Partner Hon Hai's July Sales Growth Weakened by Tariffs
Nvidia Corp. 's main server assembly partner Hon Hai Precision Industry Co. 's sales growth slowed in July compared to previous few months, signaling that tariff-induced uncertainties are affecting electronics demand. Sales rose 7.25% to NT$613.8 billion ($20.5 billion), its slowest growth since January. Analysts were looking for a 12.2% increase in third-quarter revenue. Hon Hai, which also assembles Apple Inc. 's iPhones, previously said it expects third-quarter sales to grow sequentially and year-on-year.


Bloomberg
31 minutes ago
- Bloomberg
Glove Maker Hartalega's Profit Slumps as Competition Intensifies
Malaysian glove maker Hartalega Holdings Bhd., grappling with lower average selling prices and a strong ringgit, posted its weakest quarterly net income in three consecutive periods. Net income for its first quarter ended June fell to 12.6 million ringgit ($3 million), a decline of slightly more than 60% compared with a year ago. Revenue slipped 5.3% on-year to 553.1 million ringgit.