|Bid||57.74 x 800|
|Ask||61.67 x 1800|
|Day's Range||59.98 - 60.57|
|52 Week Range||50.86 - 65.25|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||14.74%|
|Beta (3Y Monthly)||1.47|
|Expense Ratio (net)||0.59%|
The U.S. and China have agreed to suspend some of the existing tariffs on each other’s goods in phases if an initial trade deal is reached. But a deal remains a big if.
China’s PMI increased to 51.7 in October from 51.4 in September. The Caixin China General Manufacturing PMI rose to the highest level since February 2017.
China’s unicorns suffer from many of the same problems as their U.S. counterparts—and have a number of other woes beside. But so far, many of them have been patient.
Traders have recently focused attention within North America, but these charts suggest that it's time to increase international exposure.
Some progress could emerge from this week’s meetings with a partial deal that includes possibly delaying the next increase in tariffs. But there are no guarantees.
The U.S. opened new fronts in its conflict with China in recent days, complicating this week’s trade negotiations and leaving companies with little hope that the uncertainty they’ve been facing will clear up soon.
Clashes between pro-democracy protesters and police in Hong Kong turned violent overnight with intense fighting on the streets and Hong Kong police shooting a protester. That leaves investors grappling with what could come next.
The People's Republic of China turns 70 and focuses its sights on dominance in technology and self-sufficiency as its middle class explodes.
China-based learning-content and services company Youdao Inc. filed Monday for the initial public offering of U.S.-listed shares. The company, founded in 2006 as part of Netease Inc. , has filed to raise $300 million, but that is said to be a placeholder amount used to estimate a registration fee. The company said it has applied to list its class A shares on the New York Stock Exchange under the ticker symbol "DAO." The lead underwriters are Citigroup and Morgan Stanley. The company recorded a loss of RMB239.2 million ($34.8 million) on revenue of RMB731.6 million ($106.6 million) in 2018, compared with a 2017 loss of RMB133.6 million and revenue of RMB455.7 million. The filing comes in the wake of a Trump administration official's denial of a report out late last week that the U.S. was considering banning Chinese companies from listing in the U.S. Earlier, China-based 36Kr filed to go public. Youdao is looking to go public at a time that Renaissance IPO ETF has shed 10.3% over the past three months and the iShares MSCI China ETF has lost 5.4%, while the S&P 500 has gained 1.3%.
China-based e-business services company 36Kr Holdings Inc. has filed for an initial public offering of U.S.-listed shares, to sell a yet-to-be-determined number of American depositary shares. The company plans to apply to list on the Nsadaq, but has not yet determined a ticker symbol. The filing comes in the wake of a Trump administration official's denial of a report out late last week that the U.S. was considering banning Chinese companies from listing in the U.S. 36Kr said the ADS it plans to sell represents a still-undetermined number of Class A ordinary shares. The underwriters are led by Credit Suisse Securities and China International Capital Corp. Hong Kong. In 2018, the company recorded net income of RMB40.5 million ($5.9 million) on revenue of RMB299.1 million ($43.6 million), compared with income of RMB7.9 million on revenue of RMB120.5 million, in 2017. The company has filed to go public at a time that the Renaissance IPO ETF has lost 10.6% over the past three months, the iShares China Large-Cap ETF has declined 6.5% and the S&P 500 has gained 1.4%.
Exchange-traded funds that track Chinese stocks erased gains to turn sharply lower Friday after Bloomberg reported that Trump administration officials are discussing ways to limit U.S. portfolio inflows into the country. The iShares MSCI China ETF was down 1.2%, while the KraneShares CSI China Internet ETF was down more than 2%. The SPDR S&P China ETF was down 1.8%. Meanwhile, American depository receipts for Alibaba Group Holding Ltd. dropped 3.7%.
Peter Navarro, Assistant to the President and Director of the Office of Trade and Manufacturing Policy, joined The Final Round to discuss the President's recent rollback on tariffs, the Federal Reserve, and the future of the U.S. economy.