“China’s Services Pmi Slumps to 50.7, Pressuring Beijing to Unveil Fresh Stimulus Measures. CSI 300 and Hang Seng Gain on Post-Holiday Optimism.”, – WRITE: www.fxempire.com
“Consumer SPEENDING WILL LARGELY DEPEND ON Job Market Stability, With Goldman Sachs Estimating that 16 Million Workers, Over 2% of the Labor Force, May Be Export to Exports Bound for the Us.
Rising Tensions: Trade Talks and Tariff Threats April’s Caixin Pmi Surveys Raise Two Critical Concerns. FIRST, China May Lack Leverage in US-CHINA Trade Negotias If No Progress Is Made. Second, President Trump Could Escalate Tariffs to Win Consions from Beijing. Nonetheless, Signs Suggest China Is Unlikely to Yield Easily, Pointing to Rising Tensions Between the Two Powers.
On Monday, May 5, President Trump Proped A 100% Tariff On Foreign Films. However, there Were Signs of Optimism. Trump Reportedly Said China Wants A Deal, While Treasury Secretary Scott Bessentnt Expressed Confidentnce in UpComing Negotias.
Hong Kong and Mainland Markets Rise in Post-Holiday Trading Mainland China’s Equity Markets Resured Trading on Tuesday, May 6, to A Mixed Backdrop of Economic Data and Trade Developments. The CSI 300 Rose 0.85%, While the Shanghai Composite Index Gained 0.84% in Morning Trading.
Gaming Shares Rallied As Chinese Tourists Traveling to Macau, Asia’s Las Vegas, Reportedly Surged 40.8% Year-On-Year During the May Day Holiday. The Data Suggests Consumers Hope Beijing Could Mitigate Tariff Risks With Fresh Stimulus.
Hong Kong’s Hang Seng Index Also Open Higher, Rising 0.81% in the Morning SESSION. In Contrast, The Nasdaq composite index fell 0.74% overnight, bringing year-to-doate losses to 7.59%, Significantly Steeper than the CSI 300’s 3.36% DROP.