Tag: thellv.news

Stocks in Hong Kong and Shanghai rose sharply on Tuesday after China promised to make it easier for people and businesses to borrow money. This is part of a new plan to help revive China’s struggling economy. President Xi Jinping and other leaders said they would use a more relaxed approach to money management, which raised hopes for lower interest rates.

This announcement is significant because it marks the first major change in China’s economic policy in over ten years. The news also comes at a time when there are worries about President-elect Donald Trump’s tough trade policies, which could create more tension between China and the United States.

In recent years, China’s economy has faced many challenges, including weak consumer spending and problems in the property market. Leaders have been trying to kickstart growth while cautiously managing the economy. Shehzad Qazi, from a consulting firm, pointed out that China is focusing more on its financial strategies for 2025 now that they are preparing for possible tariffs from Trump.

Hong Kong’s stock market jumped more than 3% at the start of trading on Tuesday, building on a nearly 3% increase the day before. The Shanghai stock market, which finished before the news was out, rose over 2% in early trading on Tuesday.

However, some experts cautioned that past government announcements have often fallen short of expectations. They believe that for the new monetary policies to work, trust in businesses and households must be restored.

Meanwhile, in South Korea, the stock market bounced back by more than 2% after President Yoon Suk Yeol temporarily declared martial law on December 3. Although he quickly withdrew the order, it had already caused panic in an economy that’s been struggling with its own issues, especially with Trump promising to return to strict trade measures.

Yoon narrowly avoided being removed from office during a vote in parliament, but he faces multiple investigations into his actions. The South Korean won improved slightly against the dollar but remains weak due to ongoing uncertainty.

Most other Asian markets had mixed results, with Japan, Singapore, and Manila showing gains, while Sydney, Taipei, Wellington, and Jakarta experienced declines. The overall mood was cautious, as investors awaited important inflation data from the US later this week.

Key Market Updates:

– Hong Kong’s Hang Seng Index: Up 1.4% at 20,692.44
– Shanghai Composite: Up 1.5% at 3,492.45
– Seoul’s Kospi: Up 2.4% at 2,416.00
– Tokyo’s Nikkei 225: Up 0.1% at 39,197.42

Tata Motors is in the spotlight this Tuesday! The car company just announced that starting January 2025, it will raise the prices of its cars, including electric ones, by up to 3%. This price hike is happening because many car makers are dealing with rising costs.

Tata Motors said they need to increase prices due to higher expenses for materials and inflation. They explained that rising global commodity prices, high import duties on raw materials, and problems in the supply chain are making it harder for them.

Famous for their small SUVs like the ‘Nexon’ and ‘Punch’, Tata Motors has already increased car prices twice this year. Many car manufacturers, including Maruti Suzuki, JSW MG Motor, and Hyundai Motor India, also announced they would raise their prices starting in January. Maruti Suzuki plans to add up to 4% to their prices, while JSW MG Motor will increase its prices by 3%. Hyundai will add up to Rs 25,000 to its cars. Even Kia, which sells popular models like Seltos and Sonet, will raise its prices by 2%.

On Monday, Tata Motors’ shares fell by 2%, closing at Rs 798 on the BSE. However, in the last year, their stock has gone up by 11%, and over the past five years, it has amazed investors with a whopping 352% return!

Today is an important day for Achyut Healthcare and three other companies as they are making some big changes that could affect their stock prices. These changes include giving out extra shares, splitting shares into smaller pieces, and offering dividends. Today is the record date, which means it’s the date that decides who is eligible for these offers.

What is the Record Date?
The record date is when companies see who owns their shares. To get a bonus or participate in a stock split, you must have the shares in your demat account by this date. If you buy the stock on the record date (or after), you miss out on special offers.

Important Stock Updates for December 10:

1. Achyut Healthcare: Bonus Shares!
Achyut Healthcare is giving out extra shares in a 4-for-10 bonus issue. This means that for every 10 shares you own, you will get 4 more! This record date is also important as the company has split its shares from a value of Rs 10 to Rs 1. This is their first time doing a stock split.

2. Global Education: Stock Split!
Global Education is also splitting its shares, reducing their value from Rs 5 to Rs 2. This means they are making their shares smaller, and this is the second time they are doing this.

3. Shradha AI Technologies: Another Split!
Shradha AI Technologies is reducing the value of its shares from Rs 5 to Rs 2 for the second time.

4. Shradha Infraprojects: Stock Split!
Shradha Infraprojects is splitting their shares from Rs 5 to Rs 2. This is the second time they’ve done this in 2023.

Why is This Important?
The changes in shares could change how much you earn if you are an investor. If you want to take part in these offers, make sure to buy your shares before the ex-date.

Stock Performance:
– Achyut Healthcare shares are up by 63% in the last year.
– Global Education shares went down by 34% in the last year but gained over 850% in three years.
– Shradha AI Technologies shares are up by 150% in the last year.
– Shradha Infraprojects shares are up by about 170% in the last year and have gained 127.3% in six months.

Stay tuned for more updates on these exciting changes in the stock market!

Most stocks in Asia went up today because China’s leaders promised to give more help to the economy next year. Shares in Japan and South Korea increased, and the Hang Seng Index is expected to jump by more than 3% when it opens. The price of iron ore went up too, as China is a big buyer of metal.

The Nasdaq Golden Dragon China Index, which includes major Chinese companies trading in the US, soared by 8.5%, the most since September. In a recent meeting, China’s leaders said they will use a “moderately loose” approach for money matters in 2025, changing their strategy for the first time since 2011. They promised to take stronger actions to boost spending and stabilize the property and stock markets.

“We are optimistic about spending by families,” said Geoffrey Yu, a strategist at BNY, in an interview. He also noted that China’s 10-year bond yields have fallen, which may encourage leaders to raise expectations for the economy.

In other news, Chinese companies have started to limit sales of important parts for drones to the US and Europe. This is expected to lead to stricter export rules in the new year.

Traders will pay close attention to South Korean markets because President Yoon Suk Yeol is not allowed to travel overseas. The Reserve Bank of Australia is likely to keep interest rates the same today, but everyone is watching for hints about what might happen next.

In the US, the S&P 500 index dropped after hitting almost record highs as traders wait for important inflation data that could affect Federal Reserve decisions. Nvidia Corp. shares fell as China investigates whether the company broke competition laws related to a 2020 deal.

Key inflation data will be released on Wednesday, giving the Federal Reserve a final look at price changes before their upcoming meeting. If prices surge, it could slow down plans for a rate cut.

In commodities, gold prices were supported as China’s central bank increased its reserves for the first time in seven months, and worries about the Middle East kept interest in safe investments high. Oil prices remained mostly unchanged as China’s demand might be balanced by troubles in Syria.