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Stocks Blog: Shanghai snaps two-day losing streak; Hong Kong also advances

  • Alibaba, Tencent to report earnings tonight
  • Unpredictable Donald Trump says trade impasse will 'turn out extremely well'
Topic |   Stocks
Heightened expectations around stimulus mean it has been priced in by the market, with automobile stocks outperforming the Shanghai Composite Index amid an escalating trade war. Photo: Xinhua

Trade war to rescue China’s stalling car firms as Beijing considers stimulus to boost domestic consumption

  • Passenger car sales declined 16.9 per cent year on year in April, the eleventh consecutive month of declines
  • Industry represents about 6 per cent of China’s economic output
Topic |   US-China trade war

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Heightened expectations around stimulus mean it has been priced in by the market, with automobile stocks outperforming the Shanghai Composite Index amid an escalating trade war. Photo: Xinhua
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