Tag Archives: China

China’s retail sales saw a 5.5% year-on-year increase in the combined months of January and February 2024. This figure surpassed the market consensus of 5.2% and followed a 7.4% rise in December.   Retail trade experienced growth for the 13th consecutive month, with sales rising further for various categories such as grain and food oil […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for 1st February 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing […]

Shanghai Composite Index: Navigating Market Dynamics The Shanghai Composite index showcased resilience as it rebounded by 0.14%, gaining 4.04 points to close at 2,918.81 on Monday. This positive shift followed Beijing’s reconsideration of its stance on the online gaming industry, approving 105 domestic games. This move brought relief to the market, which had experienced a […]

Bleak Economic Figures Push Hang Seng to Year Low The Hong Kong stock market faced a challenging day on December 8th, as the Hang Seng Index experienced a decline of about 0.1%, shedding 11.52 points to finish at 16,334.38. This marked the second consecutive session of losses for the index, with a more significant weekly […]

Moody’s Downgrades China’s Credit Outlook Amid Rising Debt and Economic Challenges In a significant development, Moody’s, a renowned credit ratings agency, recently downgraded China’s credit rating outlook from “stable” to “negative.” This decision reflects the growing risks associated with escalating debt levels and a structurally slower economic growth trajectory in the nation. Understanding Moody’s Decision […]