‼️ New listing volume in Hong Kong Stock Exchange jumped around eight times to $14 billion in the first half of this year.
▶️ The frenzy came after years of lackluster IPO activity in the city. ▶️The renewed interest is fueled by a confluence of factors, including Beijing’s regulatory tailwinds, lackluster A-share listings and delisting fears in U.S. markets. https://lnkd.in/eK4PnfUQ Source: CNBC
ALERT: There’s only 8 days remaining until the tariff negotiation deadline
Betting markets are placing an 82% chance of US-China reaching an agreement before that deadline. Source: Bravos Research
US TREASURY SECRETARY BESSENT JUST SAID:
• US tariffs on China: 30% • China’s tariffs on US: 10%
JUST IN: China unveils 0.6 cm mosquito-like spy drone designed for stealth missions.
Source: BRICS News
China’s industrial profits sink on US Tariffs, deflation woes - Bloomberg
China's industrial firms saw their profits drop the most since October, illustrating weakness in an economy strained by higher US tariffs and lingering deflationary pressure. Industrial profits fell 9.1% last month from a year earlier, according to data released Friday by the National Bureau of Statistics.
Oil prices fall 5% after Trump says China can continue buying oil from Iran.
“China can now continue to purchase Oil from Iran,” Trump said in a post on his social media platform Truth Social. “Hopefully, they will be purchasing plenty from the U.S., also. It was my Great Honor to make this happen!” Trump threatened in May to ban any country that buys Iranian oil from doing business with the U.S. China purchases the vast majority of Iran’s oil exports. Source: CNBC
GS: China Is the Main Destination of Strait of Hormuz Oil Flows
Source: Mike Zaccardi, CFA, CMT, MBA
China: The trade war is starting to weigh on activity
Trade balance figures for the month of May reveal a notable slowdown in exports. Source: BCV
