Business News
Latest business news and updates
Total: 447
China’s Only Silver Futures Fund Plunges 31.5% in One Day as Retail Arbitrage Unravels
Guotou-UBS’s silver LOF plunged 31.5% in a single day after the manager revalued domestic Shanghai silver futures positions by reference to international prices, creating a rush of limit-down selling and exposing a socially-driven retail arbitrage bubble. The fund — China’s only public vehicle tracking silver futures — faces possible further limit-down sessions as investors try to escape a crowded position.
Gen‑Z Caught in the Silver Storm: How a record precious‑metals swing turned a trendy fund into a classroom for retail investors
A historic surge and collapse in gold and silver prices at the end of January exposed fragile market mechanics and left many Chinese retail investors—particularly Gen‑Z—caught in volatile trades around Guotou Silver LOF (161226). The shock combined stretched valuations, elevated implied volatility, regulatory curbs and a hawkish shift in U.S. monetary policy to produce a rapid deleveraging in precious metals.
Gold’s Panic Plunge: A 20% Correction, Structural Bull Market Intact — But Don’t Rush to Bottom‑Fish
A panic sell‑off pushed spot gold down roughly 10% intraday to about $4,400/oz, marking a more than 20% decline from recent highs after markets repriced US monetary policy following the nomination of former Fed governor Warsh. While short‑term volatility and technical damage argue against immediate bottom‑fishing, long‑term structural drivers such as central‑bank buying, physical demand and questions about dollar dominance keep a multi‑year bullish case alive.
Zeekr Warns Early 8X Leak Disrupted Launch Rhythm, Underscoring PR Risks in China’s EV Race
Zeekr said parts of its forthcoming 8X model's information leaked ahead of schedule, disrupting the planned release rhythm and prompting the company to reassert the importance of orderly product launches. The episode highlights how leaks can distort marketing, dealer and competitive dynamics in China's cutthroat EV market.
COMAC Showcases C909 and C919 in Singapore, Secures Six-Ship Firefighting Deal with Shanxi Operator
COMAC showcased its C909 firefighting aircraft and the larger C919 airliner at the Singapore Airshow and signed a contract with a Shanxi general aviation operator for six C909s. The deal signals China’s strategy of using specialised and government‑linked buyers to build operational track records while the C919 progresses toward wider commercial acceptance.
Flash Crash in Precious Metals Wipes Across Asia: 13 Chinese Futures Halted as Indonesian Stocks Plunge
A rapid sell‑off in international precious metals markets on 2–3 February triggered a cascade of limit‑down moves across 13 Chinese futures contracts and sharp equity losses across Asia. Indonesia’s market fell nearly 5% and South Korea briefly invoked an emergency trading halt, underscoring crowded long positions, leverage and fragile liquidity. Regulators and exchanges have responded with valuation changes and supervisory interventions, but the episode raises questions about market structure and systemic risk.
AI Red‑Packet War Sends Hong Kong Tech Stocks Tumbling, Tencent Shares Slide Nearly 5%
China’s internet giants have deployed more than RMB4 billion in AI‑themed red‑packet campaigns ahead of Lunar New Year, prompting a sell‑off in Hong Kong technology stocks. Tencent fell nearly 5% as investors weighed rapid user‑acquisition tactics against margin pressure and uncertain monetisation timelines.
China’s Premier AI Chipmaker Sees Shares Plummet as Company Blames Rumours and Market Sentiment
Cambricon’s shares tumbled up to 14% intraday on 3 February, reducing its market value to about RMB 450 billion. The company said it did not know the precise cause, dismissed many market rumours as false, and attributed the move to secondary-market fund flows and sentiment. The episode highlights the fragility of AI-related valuations in China and the importance of timely corporate communication to prevent rumor-driven volatility.
How a Star Manager and Strategic Drift Turned a Promising China Fund into a Cautionary Tale
A Huaxia Fund product launched in late 2020 with a tech-and-consumption strategy has underperformed severely, suffering near-50% cumulative losses and a nearly 70% drawdown amid manager turnover and strategy drift. Successive managers failed to restore performance in time to capture the 2024–25 AI-led market recovery, exposing governance and succession weaknesses within the asset manager. The episode highlights systemic risks in China’s mutual fund industry: overreliance on star managers, misalignment between rhetoric and trading, and the reputational danger of poor product governance.
Cambricon Shares Plunge as Alibaba Unit’s New AI Chip Stokes Market Fears
Cambricon shares plunged nearly 10% as Alibaba’s chip unit unveiled a new high‑end AI chip and reports suggested its Zhenwu PPU shipped at scale in 2025. The drop came despite Cambricon forecasting a strong full‑year turnaround and a fivefold revenue increase, underlining investor concerns about intensifying domestic competition in AI semiconductors.
Broad A‑share Rally Sees Space and PV Stocks Soar as Precious Metals Tumble
China’s A‑shares rallied at mid‑day as speculative themes — notably commercial space, photovoltaic and AI application stocks — led a broad advance that saw over 4,400 stocks rise. Turnover was about RMB1.6 trillion, while precious metals and non‑ferrous miners fell sharply, highlighting a rotation in domestic investor flows.
Nasdaq Opens Lower as Crypto Names Slide; Oracle Jumps on Dollar‑Bond Plan, Disney Plummets After Q1
US markets opened slightly lower as the Nasdaq underperformed and crypto‑related stocks tumbled. Oracle rose after unveiling a dollar bond issuance plan, while Disney plunged despite modest revenue growth, highlighting selective investor caution across the market.