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NewLease
NewLease
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2022-12-23
Bear case stronger
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NewLease
NewLease
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2022-12-23
Good summary. Thanks
US STOCKS-Wall Street Tumbles on Rate, Recession Worries, Bleak Chipmaker Outlook
Wall Street's major averages closed lower on Thursday with technology-heavy Nasdaq's 2% drop leading
US STOCKS-Wall Street Tumbles on Rate, Recession Worries, Bleak Chipmaker Outlook
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NewLease
NewLease
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2021-09-06
Thanks for the alert!
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NewLease
NewLease
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2021-09-03
Delta variant is indeed bad for the economy! When will it be over...if ever?
China's August services activity slumps into contraction- Caixin PMI
BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in Au
China's August services activity slumps into contraction- Caixin PMI
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NewLease
NewLease
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2021-09-03
Thanks for the alert!
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NewLease
NewLease
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2021-09-03
Thank u - good report
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NewLease
NewLease
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2021-09-02
Strengthen your portfolio to withstand the volatility - choose/keep good stocks with solid fundamentals.
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NewLease
NewLease
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2021-09-02
Good news!
Xi says China to set up stock exchange in Beijing
BEIJING, Sept 2 (Reuters) - China's President Xi Jinping on Thursday said the country would set up a
Xi says China to set up stock exchange in Beijing
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NewLease
NewLease
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2021-09-02
With all the current exuberance, this article is most timely. Pause and take care, do not over-extend.
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NewLease
NewLease
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2021-08-31
Yes ramp up your vaccination further!
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Thanks","listText":"Good summary. Thanks","text":"Good summary. 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Lam Research, a Micron equipment supplier, closed down 8.7% after leading the sector's declines throughout the day.</p><p>Micron itself finished down 3.4%.</p><p>Tesla Inc shares plunged 8.9% after the electric-vehicle maker doubled its discount offering on models in the United States this month, amid concerns over softening demand.</p><p>CarMax Inc sank 3.7% after the used-vehicles retailer paused share buybacks after a 86% quarterly profit plunge.</p><p>AMC Entertainment Holdings Inc shares slumped 7.4% after the world's largest cinema chain said it would raise $110 million through a preferred stock sale.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 2.04-to-1 ratio favored decliners.</p><p>The S&P 500 posted 1 new 52-week highs and 23 new lows; the Nasdaq Composite recorded 79 new highs and 405 new lows.</p><p>On U.S. exchanges 10.88 billion shares changed hands, compared with the 11.24 billion average for the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/50fd87b0c5fdd4d4b1772bd082dfb800\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Tumbles on Rate, Recession Worries, Bleak Chipmaker Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Tumbles on Rate, Recession Worries, Bleak Chipmaker Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-12-23 05:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street's major averages closed lower on Thursday with technology-heavy Nasdaq's 2% drop leading losses as investors worried that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for longer than feared.</p><p>Micron Technology Inc's glum forecast added to the downbeat mood and caused the semiconductor index to sharply underperform the broader market for its biggest daily decline in over a month.</p><p>Losses in rate-sensitive growth stocks saw technology</p><p>and consumer discretionary indexes the hardest hit among the S&P 500's 11 industry sectors.</p><p>The final estimate of the third-quarter U.S. gross domestic product was for 3.2% annualized growth, above the previous estimate of 2.9%.</p><p>Meanwhile, the Labor Department said filings for state unemployment benefits rose to 216,000 last week but were below economist estimates for 222,000.</p><p>And a third report showed the Conference Board's leading indicator, a gauge of future U.S. economic activity, fell for a ninth straight month in November.</p><p>"We're moving past one of the big worries of 2022 which was the Federal Reserve response to high inflationary pressure to the worry about 2023, which is a recession unfolding in the United States and probably globally too," said Matt Stucky, senior portfolio manager for equities at Northwestern Mutual Wealth Management Company.</p><p>"Today's data, in my mind, kind of confirmed this is the direction we're heading," said Stucky, adding that high inflation, a bad economy and tight job market should lead investors "to come to grips with reality that earnings estimates are too high" for 2023.</p><p>The Dow Jones Industrial Average fell 348.99 points, or 1.05%, to 33,027.49, the S&P 500 lost 56.05 points, or 1.45%, to 3,822.39 and the Nasdaq Composite dropped 233.25 points, or 2.18%, to 10,476.12.</p><p>Recession fears related to the Fed's prolonged interest rate hiking cycle have weighed heavily on equities this year, with the benchmark S&P 500 on track for a 19.8% annual drop, which would be its biggest since the 2008 financial crisis.</p><p>"Strong economic data, especially strong labor market data, keeps the Fed's foot on the economic brake," said Liz Ann Sonders, Chief Investment Strategist at Charles Schwab who would prefer to see economic weakness hit "sooner rather than later because then it gives the Fed the ability to pause."</p><p>"You increase the risk of an overshoot if they continue to be aggressive because then the hit is bigger," she said.</p><p>Before it pauses, the Fed is expected to look for more weakness in the labor market and the economy in order to bring inflation down and keep it down sustainably.</p><p>The Philadelphia SE Semiconductor index closed down 4.3% after falling as much as 6% earlier in the session. Lam Research, a Micron equipment supplier, closed down 8.7% after leading the sector's declines throughout the day.</p><p>Micron itself finished down 3.4%.</p><p>Tesla Inc shares plunged 8.9% after the electric-vehicle maker doubled its discount offering on models in the United States this month, amid concerns over softening demand.</p><p>CarMax Inc sank 3.7% after the used-vehicles retailer paused share buybacks after a 86% quarterly profit plunge.</p><p>AMC Entertainment Holdings Inc shares slumped 7.4% after the world's largest cinema chain said it would raise $110 million through a preferred stock sale.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 2.04-to-1 ratio favored decliners.</p><p>The S&P 500 posted 1 new 52-week highs and 23 new lows; the Nasdaq Composite recorded 79 new highs and 405 new lows.</p><p>On U.S. exchanges 10.88 billion shares changed hands, compared with the 11.24 billion average for the last 20 trading days.</p><p><img src=\"https://static.tigerbbs.com/50fd87b0c5fdd4d4b1772bd082dfb800\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293532788","content_text":"Wall Street's major averages closed lower on Thursday with technology-heavy Nasdaq's 2% drop leading losses as investors worried that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for longer than feared.Micron Technology Inc's glum forecast added to the downbeat mood and caused the semiconductor index to sharply underperform the broader market for its biggest daily decline in over a month.Losses in rate-sensitive growth stocks saw technologyand consumer discretionary indexes the hardest hit among the S&P 500's 11 industry sectors.The final estimate of the third-quarter U.S. gross domestic product was for 3.2% annualized growth, above the previous estimate of 2.9%.Meanwhile, the Labor Department said filings for state unemployment benefits rose to 216,000 last week but were below economist estimates for 222,000.And a third report showed the Conference Board's leading indicator, a gauge of future U.S. economic activity, fell for a ninth straight month in November.\"We're moving past one of the big worries of 2022 which was the Federal Reserve response to high inflationary pressure to the worry about 2023, which is a recession unfolding in the United States and probably globally too,\" said Matt Stucky, senior portfolio manager for equities at Northwestern Mutual Wealth Management Company.\"Today's data, in my mind, kind of confirmed this is the direction we're heading,\" said Stucky, adding that high inflation, a bad economy and tight job market should lead investors \"to come to grips with reality that earnings estimates are too high\" for 2023.The Dow Jones Industrial Average fell 348.99 points, or 1.05%, to 33,027.49, the S&P 500 lost 56.05 points, or 1.45%, to 3,822.39 and the Nasdaq Composite dropped 233.25 points, or 2.18%, to 10,476.12.Recession fears related to the Fed's prolonged interest rate hiking cycle have weighed heavily on equities this year, with the benchmark S&P 500 on track for a 19.8% annual drop, which would be its biggest since the 2008 financial crisis.\"Strong economic data, especially strong labor market data, keeps the Fed's foot on the economic brake,\" said Liz Ann Sonders, Chief Investment Strategist at Charles Schwab who would prefer to see economic weakness hit \"sooner rather than later because then it gives the Fed the ability to pause.\"\"You increase the risk of an overshoot if they continue to be aggressive because then the hit is bigger,\" she said.Before it pauses, the Fed is expected to look for more weakness in the labor market and the economy in order to bring inflation down and keep it down sustainably.The Philadelphia SE Semiconductor index closed down 4.3% after falling as much as 6% earlier in the session. Lam Research, a Micron equipment supplier, closed down 8.7% after leading the sector's declines throughout the day.Micron itself finished down 3.4%.Tesla Inc shares plunged 8.9% after the electric-vehicle maker doubled its discount offering on models in the United States this month, amid concerns over softening demand.CarMax Inc sank 3.7% after the used-vehicles retailer paused share buybacks after a 86% quarterly profit plunge.AMC Entertainment Holdings Inc shares slumped 7.4% after the world's largest cinema chain said it would raise $110 million through a preferred stock sale.Declining issues outnumbered advancing ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 2.04-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 23 new lows; the Nasdaq Composite recorded 79 new highs and 405 new lows.On U.S. exchanges 10.88 billion shares changed hands, compared with the 11.24 billion average for the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":4001,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817302579,"gmtCreate":1630903375991,"gmtModify":1676530417030,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Thanks for the alert!","listText":"Thanks for the alert!","text":"Thanks for the alert!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817302579","repostId":"1121539570","repostType":4,"isVote":1,"tweetType":1,"viewCount":4233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815919530,"gmtCreate":1630634669320,"gmtModify":1676530362042,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Delta variant is indeed bad for the economy! When will it be over...if ever?","listText":"Delta variant is indeed bad for the economy! When will it be over...if ever?","text":"Delta variant is indeed bad for the economy! When will it be over...if ever?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/815919530","repostId":"2164824410","repostType":4,"repost":{"id":"2164824410","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630633532,"share":"https://ttm.financial/m/news/2164824410?lang=en_US&edition=fundamental","pubTime":"2021-09-03 09:45","market":"sh","language":"en","title":"China's August services activity slumps into contraction- Caixin PMI","url":"https://stock-news.laohu8.com/highlight/detail?id=2164824410","media":"Reuters","summary":"BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in Au","content":"<p>BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery in the world's second-biggest economy.</p>\n<p>The Caixin/<a href=\"https://laohu8.com/S/MRKT\">Markit</a> services Purchasing Managers' Index <a href=\"https://laohu8.com/S/PMI.UK\">$(PMI.UK)$</a> fell to 46.7 in August from 54.9 in July, plunging to the lowest level since the pandemic's first wave in April 2020. The 50-point mark separates growth from contraction on a monthly basis.</p>\n<p>The grim readings in the private survey, which focuses more on smaller firms in coastal regions, tally with findings in an official survey earlier this week which also showed growth in the services sector slipped into contraction.</p>\n<p>China's services sector was slower to recover from the pandemic than manufacturing, but has been helped by a gradual improvement in consumption in recent months.</p>\n<p>The country appears to have largely contained the latest coronavirus outbreaks of the more infectious Delta variant, with just <a href=\"https://laohu8.com/S/AONE.U\">one</a> locally transmitted case reported on Sept. 1 after several days of zero cases.</p>\n<p>But it spurred authorities across the country to impose measures including mass testing for millions of people as well as travel restrictions of varying degrees in August, hitting especially the catering, transportation, accommodation and entertainment industries.</p>\n<p>\"Service costs were still under great pressure amid elevated labour and transportation costs amid the Covid-19 resurgence,\" said Wang Zhe, senior economist at Caixin Insight Group.</p>\n<p>Sub-indexes for new business, prices charged, and employment in the Caixin survey all contracted in August. New export business rose.</p>\n<p>\"Sluggish market demand limited businesses' bargaining power, causing prices charged by service providers to slip after a month of growth,\" said Wang.</p>\n<p>Rooms that were originally 300-400 yuan are now discounted to around 200 yuan and \"still no one is coming,\" said the manager of a hotel in Zhangjiajie, Hunan province, one of the hotspots of the August epidemic.</p>\n<p>\"Delta is so terrible, people don't want to go out.\"</p>\n<p>Some extra business over national holidays in the rest of the year won't make up for the loss of the summer vacation period, he said.</p>\n<p>Business owners in areas with few virus cases were also hit.</p>\n<p>\"Inter-provincial flight-plus-hotel travel packages didn't resume until mid-August, which had a pretty big impact on business - now the peak season's already passed,\" said a bed and breakfast owner in Sanya, in the southern island province of Hainan.</p>\n<p>An index of business confidence in the Caixin survey fell slightly from July but remained at a high level.</p>\n<p>Caixin's August composite PMI, which includes both manufacturing and services activity, fell to 47.2 from July's 53.1. ($1 = 6.4595 Chinese yuan)</p>\n<p>(Reporting by Gabriel Crossley Editing by Shri Navaratnam)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's August services activity slumps into contraction- Caixin PMI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's August services activity slumps into contraction- Caixin PMI\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-03 09:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery in the world's second-biggest economy.</p>\n<p>The Caixin/<a href=\"https://laohu8.com/S/MRKT\">Markit</a> services Purchasing Managers' Index <a href=\"https://laohu8.com/S/PMI.UK\">$(PMI.UK)$</a> fell to 46.7 in August from 54.9 in July, plunging to the lowest level since the pandemic's first wave in April 2020. The 50-point mark separates growth from contraction on a monthly basis.</p>\n<p>The grim readings in the private survey, which focuses more on smaller firms in coastal regions, tally with findings in an official survey earlier this week which also showed growth in the services sector slipped into contraction.</p>\n<p>China's services sector was slower to recover from the pandemic than manufacturing, but has been helped by a gradual improvement in consumption in recent months.</p>\n<p>The country appears to have largely contained the latest coronavirus outbreaks of the more infectious Delta variant, with just <a href=\"https://laohu8.com/S/AONE.U\">one</a> locally transmitted case reported on Sept. 1 after several days of zero cases.</p>\n<p>But it spurred authorities across the country to impose measures including mass testing for millions of people as well as travel restrictions of varying degrees in August, hitting especially the catering, transportation, accommodation and entertainment industries.</p>\n<p>\"Service costs were still under great pressure amid elevated labour and transportation costs amid the Covid-19 resurgence,\" said Wang Zhe, senior economist at Caixin Insight Group.</p>\n<p>Sub-indexes for new business, prices charged, and employment in the Caixin survey all contracted in August. New export business rose.</p>\n<p>\"Sluggish market demand limited businesses' bargaining power, causing prices charged by service providers to slip after a month of growth,\" said Wang.</p>\n<p>Rooms that were originally 300-400 yuan are now discounted to around 200 yuan and \"still no one is coming,\" said the manager of a hotel in Zhangjiajie, Hunan province, one of the hotspots of the August epidemic.</p>\n<p>\"Delta is so terrible, people don't want to go out.\"</p>\n<p>Some extra business over national holidays in the rest of the year won't make up for the loss of the summer vacation period, he said.</p>\n<p>Business owners in areas with few virus cases were also hit.</p>\n<p>\"Inter-provincial flight-plus-hotel travel packages didn't resume until mid-August, which had a pretty big impact on business - now the peak season's already passed,\" said a bed and breakfast owner in Sanya, in the southern island province of Hainan.</p>\n<p>An index of business confidence in the Caixin survey fell slightly from July but remained at a high level.</p>\n<p>Caixin's August composite PMI, which includes both manufacturing and services activity, fell to 47.2 from July's 53.1. ($1 = 6.4595 Chinese yuan)</p>\n<p>(Reporting by Gabriel Crossley Editing by Shri Navaratnam)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164824410","content_text":"BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery in the world's second-biggest economy.\nThe Caixin/Markit services Purchasing Managers' Index $(PMI.UK)$ fell to 46.7 in August from 54.9 in July, plunging to the lowest level since the pandemic's first wave in April 2020. The 50-point mark separates growth from contraction on a monthly basis.\nThe grim readings in the private survey, which focuses more on smaller firms in coastal regions, tally with findings in an official survey earlier this week which also showed growth in the services sector slipped into contraction.\nChina's services sector was slower to recover from the pandemic than manufacturing, but has been helped by a gradual improvement in consumption in recent months.\nThe country appears to have largely contained the latest coronavirus outbreaks of the more infectious Delta variant, with just one locally transmitted case reported on Sept. 1 after several days of zero cases.\nBut it spurred authorities across the country to impose measures including mass testing for millions of people as well as travel restrictions of varying degrees in August, hitting especially the catering, transportation, accommodation and entertainment industries.\n\"Service costs were still under great pressure amid elevated labour and transportation costs amid the Covid-19 resurgence,\" said Wang Zhe, senior economist at Caixin Insight Group.\nSub-indexes for new business, prices charged, and employment in the Caixin survey all contracted in August. New export business rose.\n\"Sluggish market demand limited businesses' bargaining power, causing prices charged by service providers to slip after a month of growth,\" said Wang.\nRooms that were originally 300-400 yuan are now discounted to around 200 yuan and \"still no one is coming,\" said the manager of a hotel in Zhangjiajie, Hunan province, one of the hotspots of the August epidemic.\n\"Delta is so terrible, people don't want to go out.\"\nSome extra business over national holidays in the rest of the year won't make up for the loss of the summer vacation period, he said.\nBusiness owners in areas with few virus cases were also hit.\n\"Inter-provincial flight-plus-hotel travel packages didn't resume until mid-August, which had a pretty big impact on business - now the peak season's already passed,\" said a bed and breakfast owner in Sanya, in the southern island province of Hainan.\nAn index of business confidence in the Caixin survey fell slightly from July but remained at a high level.\nCaixin's August composite PMI, which includes both manufacturing and services activity, fell to 47.2 from July's 53.1. ($1 = 6.4595 Chinese yuan)\n(Reporting by Gabriel Crossley Editing by Shri Navaratnam)","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":5248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815999354,"gmtCreate":1630633843078,"gmtModify":1676530361542,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Thanks for the alert!","listText":"Thanks for the alert!","text":"Thanks for the alert!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/815999354","repostId":"1167810904","repostType":4,"isVote":1,"tweetType":1,"viewCount":5458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812766225,"gmtCreate":1630625914567,"gmtModify":1676530357730,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Thank u - good report","listText":"Thank u - good report","text":"Thank u - good report","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812766225","repostId":"2164829818","repostType":4,"isVote":1,"tweetType":1,"viewCount":5406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812250590,"gmtCreate":1630591523210,"gmtModify":1676530350228,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Strengthen your portfolio to withstand the volatility - choose/keep good stocks with solid fundamentals.","listText":"Strengthen your portfolio to withstand the volatility - choose/keep good stocks with solid fundamentals.","text":"Strengthen your portfolio to withstand the volatility - choose/keep good stocks with solid fundamentals.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/812250590","repostId":"2164821842","repostType":4,"isVote":1,"tweetType":1,"viewCount":5229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812262587,"gmtCreate":1630590975749,"gmtModify":1676530349887,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Good news!","listText":"Good news!","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812262587","repostId":"2164984716","repostType":4,"repost":{"id":"2164984716","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1630587743,"share":"https://ttm.financial/m/news/2164984716?lang=en_US&edition=fundamental","pubTime":"2021-09-02 21:02","market":"sh","language":"en","title":"Xi says China to set up stock exchange in Beijing","url":"https://stock-news.laohu8.com/highlight/detail?id=2164984716","media":"Reuters","summary":"BEIJING, Sept 2 (Reuters) - China's President Xi Jinping on Thursday said the country would set up a","content":"<p>BEIJING, Sept 2 (Reuters) - China's President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies.</p>\n<p>Mainland China's two major stock exchanges are in the financial hub of Shanghai and in the southern city of Shenzhen, on the mainland's border with Hong Kong.</p>\n<p>\"We will continue to support the innovation-driven development of small and medium-sized enterprises by deepening the reform of the New Third Board and setting up the Beijing Stock Exchange as the primary platform serving innovation-oriented SMEs,\" Xi said in a video address at the opening of the China International Fair for Trade in Services (CIFTIS).</p>\n<p>Reuters reported in March that China was considering establishing a bourse to attract overseas-listed companies and bolster the global status of its onshore share markets, citing sources with knowledge of the matter.</p>\n<p>The sources said then that upgrading Beijing's existing equity exchange for small and mid-sized firms, known as the New Third Board, was among the options being discussed.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xi says China to set up stock exchange in Beijing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXi says China to set up stock exchange in Beijing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-02 21:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Sept 2 (Reuters) - China's President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies.</p>\n<p>Mainland China's two major stock exchanges are in the financial hub of Shanghai and in the southern city of Shenzhen, on the mainland's border with Hong Kong.</p>\n<p>\"We will continue to support the innovation-driven development of small and medium-sized enterprises by deepening the reform of the New Third Board and setting up the Beijing Stock Exchange as the primary platform serving innovation-oriented SMEs,\" Xi said in a video address at the opening of the China International Fair for Trade in Services (CIFTIS).</p>\n<p>Reuters reported in March that China was considering establishing a bourse to attract overseas-listed companies and bolster the global status of its onshore share markets, citing sources with knowledge of the matter.</p>\n<p>The sources said then that upgrading Beijing's existing equity exchange for small and mid-sized firms, known as the New Third Board, was among the options being discussed.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164984716","content_text":"BEIJING, Sept 2 (Reuters) - China's President Xi Jinping on Thursday said the country would set up a stock exchange in its capital, Beijing, to serve small and medium-sized companies.\nMainland China's two major stock exchanges are in the financial hub of Shanghai and in the southern city of Shenzhen, on the mainland's border with Hong Kong.\n\"We will continue to support the innovation-driven development of small and medium-sized enterprises by deepening the reform of the New Third Board and setting up the Beijing Stock Exchange as the primary platform serving innovation-oriented SMEs,\" Xi said in a video address at the opening of the China International Fair for Trade in Services (CIFTIS).\nReuters reported in March that China was considering establishing a bourse to attract overseas-listed companies and bolster the global status of its onshore share markets, citing sources with knowledge of the matter.\nThe sources said then that upgrading Beijing's existing equity exchange for small and mid-sized firms, known as the New Third Board, was among the options being discussed.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812212972,"gmtCreate":1630590135596,"gmtModify":1676530349177,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"With all the current exuberance, this article is most timely. Pause and take care, do not over-extend. ","listText":"With all the current exuberance, this article is most timely. Pause and take care, do not over-extend. ","text":"With all the current exuberance, this article is most timely. Pause and take care, do not over-extend.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812212972","repostId":"1146170136","repostType":4,"isVote":1,"tweetType":1,"viewCount":4976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818056136,"gmtCreate":1630367642025,"gmtModify":1676530280671,"author":{"id":"4090997067107400","authorId":"4090997067107400","name":"NewLease","avatar":"https://static.tigerbbs.com/f3157d19a3750c2e5816915ef2bbb82d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090997067107400","authorIdStr":"4090997067107400"},"themes":[],"title":"","htmlText":"Yes ramp up your vaccination further!","listText":"Yes ramp up your vaccination further!","text":"Yes ramp up your vaccination further!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818056136","repostId":"2163835792","repostType":2,"isVote":1,"tweetType":1,"viewCount":4039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}