Hong Kong shares of BYD Co Ltd fell 5.1% early on Monday after the vehicle maker posted its fifth straight month of decline in monthly sales.
The stock fell to HK$92.75, the lowest since December 24.
BYD's vehicle sales dropped by 30.1% in January year-on-year as the Chinese electric vehicle maker navigates external uncertainties and tough competition at home.
Some of the world’s largest asset managers are repositioning portfolios to guard against a renewed burst of inflation, even as broader markets remain confident that price pressures are contained, Bloomberg News reported Sunday.
BlackRock (BLK) has increased short positions in long-dated U.S. Treasuries and U.K. gilts, betting yields could rise if expected rate cuts are delayed. Bridgewater Associates is leaning toward equities over bonds, while Pacific Investment Management Co. is favoring inflation-linked Treasuries as a hedge.
Market signals back up their caution. U.S. inflation breakevens have jumped to multi-month highs, and inflation swaps are pointing to stronger price pressures ahead. Many investors worry that a resilient U.S. economy, higher commodity prices, heavy government borrowing and surging AI investment could reignite inflation, especially if Kevin Warsh pushes the Federal Reserve toward faster or deeper rate cuts.
Some strategists argue an inflationary boom is still underpriced, a scenario that could keep the Fed sidelined early in the year and force markets to price in rate hikes later. That outlook would complicate the start of Warsh’s tenure if confirmed, given his reputation as an inflation hawk and political pressure for lower rates.
Elsewhere, views diverge. Investors in the euro area largely expect inflation to stay near the European Central Bank’s 2% target. In the United Kingdom, stronger data have cooled expectations for rapid easing by the Bank of England. In Australia, traders are even betting the central bank could resume rate hikes.
In the United States, opinions are split. Some managers see inflation steadily easing toward target, while others warn it could climb above 4% by year-end amid tariffs, geopolitical risks and strong demand for energy and metals.
Against that uncertainty, inflation-protected bonds are regaining appeal as insurance. While they carry risks if energy prices fall sharply, firms like Pimco argue that breakevens remain low relative to recent inflation, making TIPS a relatively cheap hedge if price pressures accelerate again.
China’s stock market has long been more volatile than Beijing would like, a problem that has taken on greater urgency as the government tries to shift growth away from property and debt and toward technology and innovation. Equities are increasingly expected to help fund companies, support household balance sheets and reinforce confidence at a time of intensifying economic pressure and strategic rivalry with the US.
That helps explain why authorities, amid a strong January rally that stirred fears of speculative excess, leaned on a state-backed “national team” to influence trading — a reminder of how closely share prices are intertwined with China’s broader economic and political objectives.
US natural gas futures plummeted, erasing Friday’s surge, as near-term weather forecasts showed milder conditions.
The front-month contract fell as much as 17% to $3.620 per million British thermal units in early Asian trading. The contract had added 11% on Friday ahead of record-breaking cold weather.
Eight-foot piles of rat-infested trash are choking the streets around Gracie Mansion — which has gotten kid-glove shoveling treatment as Mayor Zohran Mamdani crows he can’t “imagine how it could get better’’ in the city.
While Hizzoner’s Upper East Side neighbors are forced to trudge through garbage-plagued roads, roaming rodents and mounds of snow tainted with dog pee a full week after Winter Storm Fern, the sidewalks outside the lefty mayor’s digs on East 88th Street are squeaky clean.
“I couldn’t believe it when I saw yesterday — a whole army of Sanitation workers plowing and shoveling every bit of snow off of that side of the street,” local Nick Rivers griped to The Post on Sunday as he walked his black Lab along a littered sidewalk near the mayor’s residence.
“Clean as a whistle for the mayor,” Rivers said. “Look at this side.”
“This side” is marred by massive piles of garbage as high as 6 feet that have been building for days and attracting rats — even as Mamdani pats himself on the back, claiming he’s keeping things on track, including while New Yorkers are dying in the cold.
Other neighborhood streets are home to even higher piles of debris — some as tall as 8 feet.
“I’m new to the job,” the mayor said Friday. “I know the burdens will get heavier, but right now I struggle to imagine how it could be better.”
He should cross the street and ask his neighbors.
“Don’t get me started. I think his wife must have complained about the pee in the snow,” West 88th Street resident Attel said. “I don’t even look when I come out of the building.”
Russian Security Council Secretary Sergey Shoygu stated on Sunday that the West will not be able to "disrupt the strategic link" between Russia and China.
Following a bilateral meeting with Chinese Foreign Minister Wang Yi earlier today, Shoygu also accused Western countries, saying they are "trying to justify their actions with the threat from Russia and China."
The Russian official emphasized that both countries will "jointly, shoulder to shoulder, take appropriate measures to maintain global and regional stability, as well as to uphold international law based on the UN system."
https://breakingthenews.net/Article/Shoygu:-West-will-not-disrupt-Russia-China-ties/65583153
