Previous close | 27.30 |
Open | 27.30 |
Bid | 24.80 |
Ask | 25.75 |
Strike | 140.00 |
Expiry date | 2025-01-17 |
Day's range | 27.30 - 27.30 |
Contract range | N/A |
Volume | |
Open interest | 1.77k |
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.