Chinese blue-chip stocks have fallen to a five-year low after Moody's cut the Chinese government's credit outlook rating. Yahoo Finance's Jared Blikre joins the Live show to share his observations on Chinese stocks and the yuan's reactions to various economic concerns in China. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Various Chinese stocks are feeling the pressure Thursday morning following yesterday's meeting between President Biden and China's Xi Jinping at the APEC Summit in San Francisco. Wall Street is on edge. Charles Schwab (SCHW) Chief Global Investment Strategist Jeffrey Kleintop joins Yahoo Finance Live to weigh in on additional factors that are contributing to dips in Chinese and China-exposed stocks. Kleintop suggests that the Biden-Xi meeting might not have been the “big China news” that is moving stocks — it could be the upcoming Taiwanese election. With increasing interest in relations with China, Kleintop notes a "reversing intellectual capital flow", where innovation and technology are coming from China to the West for the first time in recent business cycles. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco continues after its headline event: President Biden's meeting with Chinese President Xi Jinping on Wednesday. Chinese stocks are seemingly still reeling from the talks between the world leaders and forecasts on business investments into China, as Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) shares see losses in today's pre-market trading. Yahoo Finance Markets Reporter Jared Blikre takes a closer look at Chinese and China-exposed stocks in relation to China's expected GDP decline. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.