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Bernstein picks the ‘quality’ China stocks to buy as Asia markets rally

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Bernstein picks the ‘quality’ China stocks to buy as Asia markets rally


A solar thermal power station in Gansu Province, China.

Kaicheng Xu | Moment | Getty Images

Investment firm AllianceBernstein has picked out several Asian stocks that it believes will soon surge in price, betting that a wider market rally in the region will continue.

“The extent and tenure of the value rally this time remains below average levels seen historically leaving further room for upside,” its analysts wrote in a research note on Monday. Bernstein’s analysts selected stocks they say find a balance between value, cyclicals (which go up and down with the economy), and quality and growth stocks that they think will outperform the market.

The picks include Chinese tech stocks, one of which it considers to be the country’s top internet firm.

The list includes:



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Closer EU military cooperation with U.S., Canada, Norway is quantum leap, Germany says By Reuters

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Closer EU military cooperation with U.S., Canada, Norway is quantum leap, Germany says By Reuters



© Reuters. FILE PHOTO: German Defence Minister Annegret Kramp-Karrenbauer arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany May 5, 2021. John MacDougall/Pool via REUTERS

BERLIN (Reuters) – Military cooperation in the European Union will get a boost as the 27 nation bloc is admitting for the first time outside partners such as the U.S., Canada and Norway to join in one of its projects, Germany said on Thursday.

“It will be a quantum leap in terms of concrete cooperation,” German Defence Minister Annegret Kramp-Karrenbauer said ahead of the first in-person meeting with her EU counterparts in over a year in Brussels.

The EU project on military mobility that will see the U.S., Canada and Norway join is designed to facilitate the movement of troops across Europe, something NATO deems as crucial in the event of a conflict with Russia.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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India reports over 412,000 new Covid cases as court demands plan to tackle oxygen shortage in Delhi

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India reports over 412,000 new Covid cases as court demands plan to tackle oxygen shortage in Delhi


A Covid-19 coronavirus patient breathes with the help of oxygen provided by a Gurdwara, a place of worship for Sikhs, under a tent installed along the roadside in Ghaziabad on May 6, 2021.

Prakash Singh | AFP | Getty Images

India once again reported a record number of cases and fatalities on Thursday as it faces a devastating second wave of Covid-19 infections that has pushed its health-care system to the brink of collapse.

Health ministry data showed there were 412,262 new reported cases of infections over a 24-hour period, pushing the total tally to over 21 million — days after crossing the 20 million mark on Tuesday.

India also reported its highest daily death toll, with 3,980 fatalities. But media reports suggest that the death rate is being underreported.

Prime Minister Narendra Modi’s government is facing criticism for allowing large crowds to gather for election rallies and religious festivals earlier this year as well as for failing to anticipate or prepare for a second wave.

India’s oxygen crisis

“That means essentially the requirement for oxygen (is) also moving up,” he said Tuesday on CNBC’s “Street Signs Asia.

“Typically an ICU requires two-and-a-half to three times the amount of oxygen a ward or a patient in a bed requires. So, as criticality moves up, as mortality moves up, you are going to see the requirement of oxygen also move up,” he said.

Soi explained that Max Healthcare conducts about 4,000 RT-PCR tests in the Delhi area per day and about a week ago, those Covid-19 tests had a positivity rate of over 50%, which has since come down to about 31%.

“So what you are going to see right now is people who were infected about seven, eight days ago, coming into hospitals,” he said, adding these patients need a host of medicines and support, including oxygen.

Courts step in

On Wednesday, India’s Supreme Court ordered the central government to present a comprehensive plan by Thursday outlining steps it will take to meet medical oxygen requirements for hospitals in Delhi, including sources of supply and transport provisions. The country’s top court also stayed a contempt notice issued by the High Court of Delhi on May 4 to the central government for not complying with its orders to supply sufficient oxygen to hospitals in Delhi.

Delhi high court justices Vipin Sanghi and Rekha Palli noted on Tuesday that hospitals and nursing homes have had to reduce the number of beds offered because they are unable to service their existing capacities due to a shortage of medical oxygen.

The National Capital Territory of Delhi, which includes India’s capital New Delhi, is one of several areas that saw a rapid surge in cases, forcing the local government to step up restrictions to try and break the chain of transmission.

Logistics issue



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Blinken says on Chinese investment in West: we have to be ‘very careful’ By Reuters

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Blinken says on Chinese investment in West: we have to be ‘very careful’ By Reuters



© Reuters. FILE PHOTO: U.S. Secretary of State Antony Blinken arrives at the G7 foreign ministers meeting in London, Britain May 5, 2021. Ben Stansall/Pool via REUTERS

LONDON (Reuters) – U.S. Secretary of State Antony Blinken said the West had to be very careful about the exact nature of Chinese investment in Western economies.

“I think we have to be very careful about exactly what the nature is of that investment,” Blinken told the BBC in an interview when asked about Chinese investment in the West.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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