Cointime

Cointime

Download App
iOS & Android
Home / Point

Bridgewater Adjusts China Investment Strategy: Reduces Gold Allocation

On October 23, Bridgewater's China business unit informed investors that the institution's bullish stance on gold has decreased. The Shanghai-based hedge fund stated in a letter to investors in September that it has gradually reduced its previously overweight gold positions. The reason is that rising interest rates have increased the opportunity cost of holding gold, while rising oil prices have suppressed demand from energy-importing countries like India. (Jin Shi)

Comments

All Comments

Recommended for you

  • CSRC Approves Establishment of Citigroup Securities (China) Co., Ltd.

    On October 23, the China Securities Regulatory Commission (CSRC) approved the establishment of Citigroup Securities (China) Co., Ltd. (hereinafter referred to as Citigroup China). Citigroup China is registered in Shanghai with a registered capital of 1.2 billion RMB. Its business scope includes securities brokerage, securities investment consulting, securities underwriting and sponsorship, and proprietary securities trading. The sole shareholder is Citigroup Global Markets Holdings Inc., which holds 100% of the investment. (CSRC)

  • U.S. Semiconductor Stocks Rise Pre-Market, SK Hynix Up 5.5%

    U.S. semiconductor stocks are broadly rising in pre-market trading, with SK Hynix (SKHY.O) up 5.5%, SanDisk (SNDK.O) up 2.8%, and Micron Technology (MU.O) up 2.62%.

  • Western Digital (WDC.O) Falls Over 3% in Pre-Market Trading

    In pre-market trading, Western Digital (WDC.O) has dropped over 3% following the company's release of its first-quarter financial report.

  • Kimchi Price Surge Followed by 95% Crash in $385,000 Scam Profits

    On October 23, Lookonchain reported that a certain address, kimchi (@kimchi1x), received 500 million $kimchi tokens and posted related content. User @a1lon9 had retweeted it but later deleted the post, and @kimchi1x also removed the original post. The price of $kimchi surged to a market cap of $14 million before crashing over 95%. Lookonchain pointed out that the scammers used multiple wallets to buy low and then sell, making profits exceeding $385,000.

  • National Fiscal Revenue Grows 5.1% Year-on-Year in First Three Quarters

    On October 23, the Ministry of Finance released data indicating that fiscal revenue serves as a 'barometer' for economic performance. In the first three quarters of this year, fiscal revenue showed steady growth, with the national general public budget revenue reaching approximately 17.23 trillion yuan, a year-on-year increase of 5.1%, which is 0.4 percentage points higher than the growth rate in the first half of the year. Among this, national tax revenue was about 14.07 trillion yuan, marking a year-on-year increase of 6.1%, an increase of 0.8 percentage points compared to the first half of the year. In terms of fiscal expenditure, the general public budget expenditure for the first three quarters was approximately 21.02 trillion yuan, a year-on-year increase of 1%, with good support for spending related to human investment. (Xinhua News Agency)

  • Crypto Trader Serenity Reports $13.59 Million Drawdown in October

    On October 23, crypto trader 'White-haired Stock God' Serenity posted an update on their personal position drawdown on platform X, stating, 'October has seen some minor fluctuations.' In the spirit of transparency, they shared the account drawdown data, which shows a drawdown of $13,589,443.2 in October, approximately $13.59 million.

  • Ministry of Finance: Stamp Duty Revenue Reaches 412.1 Billion Yuan in First Three Quarters, Up 31.1% Year-on-Year

    The Ministry of Finance reported that stamp duty revenue in the first three quarters reached 412.1 billion yuan, marking a year-on-year increase of 31.1%. Among this, the stamp duty from securities transactions amounted to 239.1 billion yuan, reflecting a year-on-year growth of 65.1%. (Ministry of Finance)

  • Netanyahu Asks Party to Cancel Election Activities in Hebron, West Bank

    According to Israeli media, Prime Minister Netanyahu has requested his party to cancel election activities in Hebron, southern West Bank, following a shooting incident in the area.

  • Yushu Technology Surges Over 16% in a Day, Stock Price Exceeds 600 Yuan

    On October 23, Yushu Technology rose over 16% in a single day, with its stock price surpassing the 600 yuan mark, accumulating a rise of over 40% this week. (Jinshi)

  • U.S. Tech Hardware Stocks Face Sell-Off, Philadelphia Semiconductor Index Plummets 5.7%

    On October 22, U.S. semiconductor stocks collectively declined, with the Philadelphia Semiconductor Index dropping 5.67%, marking a new low since July 29. Among the component stocks, AMD fell 7.21%, Intel dropped 6.57%, Applied Materials decreased by 6.57%, Arm fell 6.75%, Seagate Technology dropped 7.81%, and Western Digital decreased by 6.95%. Micron Technology fell 4.29%, NVIDIA dropped 3.93%, TSMC decreased by 3.97%, Broadcom fell 3.79%, and ASML dropped 4.83%. Various sub-sectors, including memory and semiconductor equipment, as well as chip design, faced simultaneous pressure. Additionally, Lam Research fell 9.78%, Lumentum dropped 9.24%, Coherent decreased by 11.81%, and the 3x Long Semiconductor ETF fell 17.09%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company