News

China Bond Selloff Deepens on Cash Squeeze, Stocks Optimism

(Bloomberg) -- A selloff in China’s bonds extended into a fifth day amid signs investors are shifting some funds to stocks and seeking out higher yields in the short-term money market.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegTrump Child Refugee Agency Shares Data With Immigration EnforcersNYC Restaurants Are Still W

Stock market today: European stocks mostly down, while China's technology stocks rally

European shares opened lower Tuesday, while Chinese technology stocks surged after Chinese President Xi Jinping met with entrepreneurs this week in what is seen as a show of support to the technology industry. Hong Kong's Hang Seng rose 1.59% to 22,976.81, while the Shanghai Composite was down 0.93% to 3,324.49. Japan's Nikkei 225 was up 0.25% to 39,270.40 after Japan's economic growth for the fourth quarter beat forecasts.