China Weakness and Geopolitical Tensions Weigh on Markets in 2023, While Some See Bargains
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Chinese shares dragged down Asian markets on first trading day of 2023 following weaker-than-expected factory data and concerning speech from President Xi.
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Crude oil prices rose after Iran dispatched warship to Red Sea, risking more tension and complicating US goal of securing vital global trade route.
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Sentiment hurt by news that ASML Holding canceled some semiconductor equipment shipments to China at Biden administration's request.
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Bitcoin climbed above $45,000 for the first time in nearly two years as anticipation builds for a crypto ETF approval.
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Despite China weakness, some investors see almost 60% stock slump as signal to buy; 25% of survey respondents will increase China investments.