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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Economy

Exclusive: China scrutinizes quant strategies as market weakness stokes public anger - sources
By Olya Smith,  2 min read

China scrutinizes quant strategies as market weakness stokes public anger. With China’s stock market struggling to rebound, regulators are investigating some hedge funds and brokerages’ quantitative trading tactics amid a growing outcry against a sector that profits from share price dips and volatility, sources said. Two sources said the China Securities Regulatory Commission (CSRC) has...  Read more

Stocks retreat, US yields advance, and the dollar strengthens on hawkish Fed
By Olya Smith,  2 min read

Asian stocks followed Wall Street’s lead on Thursday, falling as investors perceived the Fed’s recent policy pronouncements as indicating higher-for-longer interest rates. MSCI’s broadest Asia-Pacific share index outside Japan (.MIAPJ0000PUS) fell 0.4% by early afternoon Hong Kong time. Japanese Nikkei fell 0.6%. Chinese blue-chip (.CSI300) fell 0.6%, while Hong Kong’s benchmark fell 1.3%. Two-year U.S....  Read more