Asian stocks rise ahead of Fed’s next interest rate decision

Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks.

Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. Oil prices declined.

Wall Street’s benchmark S&P 500 index rose 0.9% on Monday after U.S., European and Japanese central banks announced measures to ease strains on the financial system, including lending more dollars if necessary.

Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Fidelity China Special Situations

More articles like this

Fidelity China Special Situations

China’s factory activity swings to growth in May

China’s factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits. The Caixin/S&P Global manufacturing

Fidelity China Special Situations

China stocks rebound as AI firms shine

China stocks rebounded on Thursday following two sessions of declines, as investors snapped up banking and artificial intelligence (AI) shares after data showed the country’s economic recovery was losing steam. China’s blue-chip CSI300 Index rose 0.4% by the

Fidelity China Special Situations

China stocks rebound on policy easing hopes

China stocks pared early losses and rebounded strongly on Monday, as investors pinned hopes on policy easing and stimulus measures for the capital market. Hong Kong shares also traded higher driven by Tencent ahead of its first-quarter earnings.

Fidelity China Special Situations

China dominates global IPO market

Chinese initial public offerings have raised more than five times as much money as those in the US this year as a crop of fresh listings in the world’s biggest economy failed to appear after a dire 2022.

Fidelity China Special Situations

US companies optimistic on China’s 2-year outlook

The majority of US companies surveyed are optimistic on China’s business outlook for the next two years, while many believe that succeeding in China is vital to their long-term global competitiveness, according to survey results released by the

Fidelity China Special Situations

China stocks rise

China stocks rose on Friday, led by semiconductor and resource shares, while the central bank head saying that the country would achieve this year’s growth target also lifted investor sentiment. The blue-chip CSI 300 Index and the Shanghai

Fidelity China Special Situations

Returning optimism to China’s recovery

Combined total trading value at the Shanghai and Shenzhen exchanges passed the 1 trillion yuan ($145.2 billion) mark for the fifth consecutive day Monday, the longest streak since August, in a sign of returning optimism to China’s recovery.

Fidelity China Special Situations

China may meet solar & wind goals five years earlier

China may reach its 2030 target for wind and solar energy development five years earlier than planned. Prefecture-level regions have planned to increase installed capacity for wind and solar energy by at least 800 million kilowatts during the

Fidelity China Special Situations

Hong Kong stocks gain as China markets buck trend

Asia-Pacific markets traded mixed on Monday as U.S. regulators announced plans to backstop both depositors and financial institutions associated with Silicon Valley Bank, seen as a move to stem further systemic risk. Hong Kong’s Hang Seng index rose 1.96%, led by technology stocks,

Fidelity China Special Situations

China’s economy set to return to steady growth

THE Chinese economy is expected to rebound and return to steady growth this year, with more jobs created on the back of expanding consumption and a recovering real estate sector, a senior political advisor said. Ning Jizhe, vice-chairman

Fidelity China Special Situations

An investment trust taking advantage of China’s reopening

The Chinese equity market has provoked strong views in recent times. The sudden shift in market sentiment resulted in Chinese stocks tearing ahead, delivering big gains for many Asian equity funds. That was turned on its head in the following two years: first a

No more posts to show