Here’s Why You Shouldn’t Panic Over China’s Factory Slowdown [Forbes]
CHINA CONSTR BK UNSP/ADR (CICHY)
NASDAQ:AMEX Investor Relations:
ccb.com/en/newinvestor/index.html
Company Research
Source: Forbes
Chinese manufacturing activity slumped to a record low in February as the coronavirus outbreak temporarily shuttered plants and factories and travel restrictions impacted the supply of labor. The official government purchasing manager’s index (PMI) fell to 35.7, down from a neutral 50.0, while the private Caixin PMI posted a 40.3, also an all-time low in the manufacturing gauge’s 16-year history. What this seems to suggest is that the epidemic has had an even bigger impact on China’s economy than any other crisis of the past decade and a half, including the global financial crisis. The services PMI fared even worse, falling to 29.6 in February from 54.1 the previous month. U.S. factories were more resilient, with the Institute of Supply Management (ISM) PMI slipping to 50.1 in February from 50.9 a month earlier. But remember, the U.S. didn’t confirm its first case of the virus until the end of January, or about a month after China first reported it. As I write this, there are more tha
Show less
Read more
Impact Snapshot
Event Time:
CICHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CICHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CICHY alerts
High impacting CHINA CONSTR BK UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CICHY
News
- Hong Kong allows China's digital yuan to be used in local shops [Yahoo! Finance]Yahoo! Finance
- Florida is now one of the few states divesting from Chinese-owned companies [Yahoo! Finance]Yahoo! Finance
- Three High Yield Dividend Stocks In Hong Kong Offering Up To 8.4% [Yahoo! Finance]Yahoo! Finance
- SWFI's Global Wealth Conference 2024 Commences with Exclusive Lunch Hosted by Sir Brandon Lewis CBE MP at UK Parliament [Yahoo! Finance]Yahoo! Finance
- China Megabanks Kick Off $8.3 Billion Loss-Absorbing Bond Sales [Yahoo! Finance]Yahoo! Finance