Chinese investors monitor stock prices in Beijing on May 10, 2019. Photo: Associated Press

China, Hong Kong stocks gain on trade, stimulus hopes

  • Foreign traders bought more of mainland stocks than they sold for the first time in seven trading days
  • US President Trump pumped up hopes by saying trade impasse will end ‘extremely well’
Topic |   China stock market

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Chinese investors monitor stock prices in Beijing on May 10, 2019. Photo: Associated Press
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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

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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