CN Wire Profile picture
Mar 14 4 tweets 4 min read
China's tech-heavy ChiNext Price index extends decline to 2%, benchmark #Shanghai Composite Index down 1.24%, #Shenzhen down 1.5%.
Hang Seng Tech Index keeps tumbling, now heading for an 8% drop. $AAPL-related tech groups are down amid the halt of the Foxconn Shenzhen plants.
Mainland property developers keep tumbling in Hong Kong.
#Sunac China plunges as much as 17%, #Shimao and Aoyuan fall 10%, Evergrande down 3%.
The northbound net capital outflow via mainland China and Hong Kong Stock Connect exceeds 10 billion yuan,

One of the key sentiment gauges for Chinese investors.
#China #HongKong #Stockmarket
Hang Seng Tech Index drops 9% to 3,862, the biggest single-day drop since July 2021.
Domestic media reports Alibaba and Tencent are on their way to mass layoffs last weekend.
#HongKong $BABA #Tencent

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More from @Sino_Market

Mar 14
#Breaking:
Ukraine and Russia can sign peace agreement within one to two weeks at the earliest and in May at the latest: CCTV cites Ukrainian presidential adviser
#Ukraine #Russia #RussiaUkraineWar
Russian side hasn't made response yet so far.
#Ukraine #Russia #RussiaUkraineWar
Russia's territorial claims are unacceptable to Ukraine, Ukraine is ready to continue negotiations on remaining issues: CCTV cites Ukrainian presidential adviser
#Ukraine #Russia #RussiaUkraineWar
Read 4 tweets
Mar 14
JUST IN:
China's Yang Jiechi clarified China's position on Ukraine in meeting with US Sullivan: CCTV
#US #China #Russia #Ukraine
#China's Yang Jiechi: Should clarify history of Ukraine issue and responde to legitimate concerns of all parties. Should encourage relevant parties to conduct equal dialogue, and seek to build a balanced, effective and sustainable European security mechanism.
#US #Russia #Ukraine
#China's Yang Jiechi: Current Ukrainian situation not what China wants to see. China has always advocated respecting sovereignty and territorial integrity of all countries. China committed to promoting peace talks, intl community should jointly support talks.
#US #Russia #Ukraine
Read 11 tweets
Mar 14
SENIOR BIDEN ADMINISTRATION OFFICIAL: SULLIVAN'S MEETING WITH CHINA’S YANG JIECHI WAS "INTENSE" SEVEN-HOUR SESSION. SULLIVAN AND YANG DISCUSSED CRISIS MANAGEMENT AND STRATEGIC RISK. 'SULLIVAN REITERATED OUR ONE-CHINA POLICY.'
#China #US #Russia #Ukraine
SENIOR BIDEN ADMINISTRATION OFFICIAL: SULLIVAN AND YANG ALSO DISCUSSED NORTH KOREA. SULLIVAN AND YANG MEETING HAD BEEN PLANNED FOR SOME TIME. U.S. HAS "DEEP CONCERNS" ABOUT CHINA'S ALIGNMENT WITH RUSSIA AT THIS TIME.
#China #US #Russia #Ukraine #NorthKorea
SENIOR BIDEN ADMINISTRATION OFFICIAL: SULLIVAN COMMUNICATING DIRECTLY AND PRIVATELY TO CHINA CONCERNS ABOUT SUPPORT COUNTRIES MAY BE PROVIDING TO RUSSIA. SULLIVAN'S CONVERSATION WITH YANG WAS "VERY CANDID".
#China #US #Russia #Ukraine
Read 4 tweets
Mar 14
JUST IN:
Tsingshan Group has reached an agreement with a consortium of hedge bank creditors on a standstill arrangement: official statement
#CN_Update #nickel #nickelsqueeze #Tsingshan
mp.weixin.qq.com/s/mvACfxfbOPF1…
Tsingshan Group: In the course of the standstill period, Tsingshan and the consortium banks will progress discussions in relation to a standby secured liquidity facility intended principally for Tsingshan’s nickel margin and settlement requirements.
#nickel #nickelsqueeze
Tsingshan Group: For the period of the standstill, the participating hedge banks agree not to close out positions against Tsingshan or to make further margin calls in respect of existing positions.
#CN_Update #nickel #nickelsqueeze #Tsingshan
Read 4 tweets
Mar 14
China's most active nickel futures rise 3.5% in night session to 214,050 yuan/ton, thermal coal futures up 2.4%. #nickel #coal #CoalTwitter Image
Dalian coking coal futures fall 4.3% at night open, coke futures down 3.7%, iron ore futures down 3.6%, LPG futures down 3.2%, palm oil futures down 3.1%.
#coal #CoalTwitter #LPG #ironore #iron
Zhengzhou thermal coal futures trim intraday gains to 0.2% vs rise of 2.4% at open. #coal #CoalTwitter
Read 4 tweets
Mar 14
Spot #palladium falls 10.7% on day at $2,518.25/oz, spot #gold extends losses to 1.3%. $XPD $XAU
Spot #palladium falls below $2,500/oz, down 12.4% on day. $XPD
Spot #silver plunges more than 3%, spot #gold down 1.7%. $XAU $XAG
Read 6 tweets

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