WRAPUP 1-China shares surge, yuan stronger on suspension of trade hostilities SHANGHAI/HONG KONG, Dec 3 (Reuters) - China’s stock markets surged, bond futures fell and its currency strengthened in early trade on Monday after a closely watched meeting between Chinese and U.S. leaders produced a ceasefire in their countries’ bruising trade conflict.
The deal agreed to in Buenos Aires by China and the United States halts additional tariffs that were due to take effect on Jan. 1 and was lauded by both sides, though analysts caution that it represents a buying of time rather than a trade war resolution.
China’s benchmark Shanghai Composite index jumped 2.3 percent shortly after the open. Blue-chip shares gained 2.7 percent.
Shares in Hong Kong also jumped, with the Hang Seng index adding 2.5 percent and the China Enterprises Index jumping 2.9 percent.
Entitlement date not yet announced yet. There's still time to buy but announcement anytime, maybe today after 5 pm. After announcement of entitlement date price may go on uptrend.
No, I am not interested in stock pick competition. I am not rigid in picking stocks. I change my investment strategy to adapt to changing circumstances. Current bear phase requires targeting only a few counters and holding cash to take advantage of severe price correction of target stocks.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tan5995
230 posts
Posted by tan5995 > 2018-11-22 10:49 | Report Abuse
Break 0.60 lo