Be Greedy When Others Are Fearful? Options Traders Bet on Chinese Stocks Recovery
International investors have avoided Chinese equities as its annual returns haven't outperformed emerging markets since 2020. Options traders are now placing their bets, seeking strategic opportunities for potential gains should the markets recover.
IATA Director General on Safety, Green Fuel, Comac, China's Travel Demand
International Air Transport Association Director General Willie Walsh discusses safety concerns, and decarbonization of the industry. He also talks about Comac, formally known as Commercial Aircraft Corp of China Ltd., and travel demand in China. He speaks on the sidelines of the Singapore Airshow on "Bloomberg Daybreak: Asia."
Goldman Sachs Sees Opportunity for Chinese Stocks' Tactical Rally
Timothy Moe, chief Asia Pacific regional equity strategist at Goldman Sachs, shares his views on Chinese stocks and the economy. He speaks on "Bloomberg Daybreak: Asia."
US stocks closed | S&P broke through the 5,000 mark, and Nvidia rose more than 3% to a record high
Microsoft rose more than 1%, hitting a record closing high for three days; the chip stock index rose 2%, Nvidia closed up a record high of 3.6%; Arm, which fell 10% at the beginning of the session, closed up more than 1%, rising 62% during the earnings week; and the AI concept stock Palantir rose 43% in the weekly earnings report. The regional bank NYCB closed up nearly 17% and is still down nearly 20% this week. China's stock index rose more than 1%, surged more than 5% in the last week of the Year of the Rabbit, and Baidu and Tencent rose more than 2%. European chip stock ASML rose 2.5% to a seven-day record high. L'Oréal fell 7.6% after the earnings report.
US stocks closed | The Dow rose four times in a row to reach record highs. The S&P and NASDAQ declined, and Google and AMD all fell more than 5% after the session
S&P left its record high for the time being. The NASDAQ fell to a two-year high, and the Dow hit a record high for four consecutive days. Guo Mingyi expects iPhone shipments to drop sharply this year, with Apple closing down nearly 2%; Microsoft hit a record high in the market and then falling; the earnings report first rose more than 1% after the market, then turned down; after the earnings report, Google fell by more than 5% after the market, and AMD fell by more than 6% after the market.
US stocks closed | S&P and Dow continued to reach new highs, Tesla rose more than 4% to lead tech stocks, and Microsoft and Google reached record highs before financial reports
After the US Treasury announced a lower loan forecast for the first quarter, the rise in US stocks widened, and the decline in US bond yields widened. The 10-year yield broke 4.10%, hit a new low of more than a week, and rebounded to a new high of more than six weeks. The US dollar index fell for a while.