US2000

The re-opening of China's mainland market amid reports of strong activity during the holiday, was relatively subdued. The CSI 300 rose less than 0.5% and the Shanghai Composite eked out less than a 0.2% gain. The 0.5% gain in the yuan was largely in line with the performance of the offshore yuan. Indeed, it seems like a bit like "buy the rumor sell the ...

Asia’s richest man has 50 billion problems that didn’t exist three days ago. In the past 72 hours, Indian mining magnate Gautam Adani has watched on his empire plunged by US$50 billion ($76 billion) in market value. On Wednesday NZ time, US activist investment group Hindenburg Research released a bombshell report that accused the Adani Group of purportedly ...