Previous close | 2.1600 |
Open | 1.8900 |
Bid | 1.9200 |
Ask | 2.1000 |
Strike | 115.00 |
Expiry date | 2024-10-18 |
Day's range | 1.8900 - 1.8900 |
Contract range | N/A |
Volume | |
Open interest | 2.11k |
The Federal Reserve meeting and CPI inflation loom. Oracle soared overnight while the EU hiked tariffs on Chinese EVs.
SHANGHAI (Reuters) -An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.
The best China stocks include Tesla archrival BYD as well as messaging and gaming giant Tencent and e-commerce leader PDD Holdings.