China stocks rise as interest shifts to small-caps; HK stocks also up *Trainmakers China CNR and CSR Corp slump on profit-taking. SHANGHAI, April 21- Stocks in China rebounded on Tuesday, with investor interest shifting back to small caps as a slump in top trainmakers China CNR and CSR Corp soured sentiment toward infrastructure stocks. Hong Kong shares also rose, encouraged by signs that more mainland money was flowing into the...
Hong Kong rebound leads Asian stocks higher HONG KONG- Hong Kong led Asian stocks higher Tuesday as investors shook off initial pessimism over new measures by China's market regulator. HONG KONG BOUNCE: Hong Kong stocks have yo-yoed as investors continue to evaluate regulatory changes for stock investors as well as monetary loosening measures, both announced by Chinese authorities over the weekend.
Source: The Associated Press
| By: By KELVIN CHAN, AP Markets Writer
China's Finance Minister hits at U.S. "negative list" - Xinhua BEIJING, April 21- China's Finance Minister Lou Jiwei criticized the U.S. proposal for sectors to be closed to foreign investment under a Bilateral Investment Treaty that is currently being negotiated between Washington and Beijing, state media reported. Treasury Secretary Jack Lew said it was "critical" that China's negative list be short.
UPDATE 1-Baoding Tianwei set to post China's 3rd domestic bond default Tuesday SHANGHAI, April 21- China's Baoding Tianwei Baobian Electric Co Ltd said it has not yet raised enough funds to make a bond interest rate payment due later on Tuesday. "As of the time of this announcment, our company has not yet raised the funds to pay interest, and the probability of making the payment has become highly uncertain," a notice posted by the company on the...
Time to get out of US stocks: Mobius Investors should rotate out of the U.S. markets into better-performing emerging markets, says veteran investor Mark Mobius, warning that corporate earnings in world's number one economy are poised to disappoint.
| By: Ansuya Harjani
PRECIOUS-Gold holds below $1,200 due to firmer dollar, equities *Stocks supported by China's stimulus measures. *India celebrates gold-buying festival of Akshaya Tritiya. SINGAPORE, April 21- Gold remained below the key $1,200 level on Tuesday after overnight losses, as a rally in global equities and a firmer dollar dented the metal's appeal as a safe haven.
| By: A. Ananthalakshmi
GLOBAL MARKETS-Stocks firm after China stimulus, euro hit by Greek anxiety *Greece default worries keep investors on edge, cap euro. TOKYO, April 21- Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt. "China's action undid the damage caused by the crackdown," said Hirokazu Kabeya,...
| By: Hideyuki Sano and Vidya Ranganathan