focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
China announced the relaxation of some of its hardline Covid-19 restrictions on Friday, after authorities had vowed to stick to a zero-tolerance virus approach despite mounting economic damage.
The country is the last major economy welded to a strategy of stamping out virus flare-ups as they occur, through a combination of snap lockdowns, mass testing and lengthy quarantines.
Top leaders had pledged to stick "unswervingly" to the policy, which has forced business closures, roiled international supply chains and weighed heavily on growth.
But a notice from the country's disease control agency on Friday said the Politburo Standing Committee – the apex of power in China – met Thursday to rubberstamp limited relaxations.
According to the notice, quarantines for inbound travellers will be cut from 10 days to eight, consisting of five days in a state isolation centre and three days at home.
Inbound arrivals will still be required to undergo six nucleic acid tests and will not be allowed to freely set foot outside during those eight days, the notice says.
According to this article the expectation of any relaxation in China's zero Covid policy was just speculation.
I suppose we can now expect to see a sharp share price drop tomorrow.
https://www.theguardian.com/world/2022/nov/05/chinas-unswerving-zero-covid-rules-see-no-let-up
Here's the link
https://www.dailymail.co.uk/money/markets/article-11222071/Advent-considering-swoop-British-tech-firm.html
https://www.dailymail.co.uk/news/article-11059173/Baby-formula-shortage-fall-experts-predict.html
Excellent interview with Andrew Newland on the Proactive site. Well worth watching.
https://www.proactiveinvestors.co.uk/companies/news/983240/angle-absolutely-overjoyed-with-fda-clearance-for-parsortix-983240.html
I didn't like the way the stockmarket was moving so sold my entire ISA share portfolio Friday am on 21st Jan, including 160 CKN at 3686p........ lost £85 so consider myself quite fortunate considering the price now.
Been out of the market since 21st Jan as I transferred my ISA cash to AJ Bell and only completed today.
Think I'll sit on the side lines and wait for the CKN share price to stop the downward trend before making another purchase.
GLA
https://www.zerohedge.com/geopolitical/heres-how-energy-crisis-turns-hunger-and-then-war