Many companies have watched their share prices fall significantly as rises in inflation and interest rates have increasingly stunted consumer spending. As a result, the stock market has become a buyer's paradise for investors willing to hold for the long term.
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco Dynamic Large Cap Growth ETF (PWB), a passively managed exchange traded fund launched on 03/03/2005.
Virtual reality (VR) has become one of the biggest buzz phrases in the tech world. According to Grand View Research, the VR market was valued at $21.83 billion in 2021, and it's expected to grow at a compound annual rate of 15% until at least 2030. As a result, some of the bigges
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China and Hong Kong stocks
closed lower on Wednesday, as producer prices' fall for the
first time since December 2020 underscored faltering domestic
demand amid COVID-19 curbs, with investors awaited U.S.
inflation data and midterm poll results.
** China's blue-chip CSI 300 Index ended down 0.93%,
while the Shanghai Composite Index slid 0.53%.
** Hong Kong's Hang Seng Index dropped 1.2% and the Hang
Seng China Enterprises Index declined 1.21%.
** Asian shares were mixed on Wednesday, with eyes on U.S.
midterm election results and a major inflation update due later
in the week. [nNRAme5rly]
** China's October producer price index (PPI) fell 1.3%
year-on-year from 0.9% gain a month earlier, official data
showed, compared with a forecast of a 1.5% contraction in a
Reuters poll. [nL1N325065]
** The consumer price index climbed 2.1% from a year earlier,
slower than the 2.4% forecast by analysts.
** South-bound trading via Shanghai-Hong Kong Stock Connect saw
HK$694 million ($88.41 million) of outflow after 24 days of
consecutive inflows.
** Millions of residents of China's southern manufacturing hub
of Guangzhou will be required to have COVID-19 tests on
Wednesday, authorities said, in an effort to control the city's
worst outbreak with infections topping 2,000 for two consecutive
days. [nL1N3250KY]
** The self-regulatory body of China's interbank market said it
will expand bond financing for private firms, including
developers, with support from the central bank.[nB9N31O054]
** "We believe the private sector will benefit from this bond
issuance program... However, the benefits are unlikely to be
sufficient to resolve the financial woes faced by private
enterprises, especially private developers," Nomura analysts
wrote in a note.
** Internet stocks and the photovoltaic solar power sector,
down 2% each, led declines among mainland A-shares.
** Goertek Inc tumbled 10%, hitting its daily
trading limit, as the China-based supplier for companies
including Apple said an unidentified overseas client
suspended order. [nL1N3250AC]
** In Hong Kong, the Hang Seng Mainland Properties Index rose 4.3%, while Hang Seng Tech dropped 1.9%,
dragging the broader market.
($1 = 7.8496 Hong Kong dollars)
(Reporting by Summer Zhen; Editing by Rashmi Aich)
((summer.zhen@thomsonreuters.com; 852-3462-7739;))
nL1N3250QO
Millions of residents of China's southern manufacturing hub of Guangzhou will be required to have COVID-19 tests on Wednesday, authorities said, in an effort to control the city's worst outbreak with infections topping 2,000 for two consecutive days.
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