China Stock Rally Cools, Samsung Apology | Bloomberg The Pulse 10/08/24

European stocks dropped in early Tuesday session, tracking an overnight tech-led decline on Wall Street, as China’s pledge to support its economy disappointed investors hoping for new stimulus. A gauge of Chinese stocks in Hong Kong tumbled the most intraday since 2008. In corporate news, Samsung issued an apology to investors for disappointing results, admitting that the once-dominant memory chip giant is grappling with a potential crisis after losing its way.

Today's guests: Patrick Armstrong, Plurimi Wealth CIO; Phoenix Kalen, Societe Generale
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:47 - China's stock rally fizzles
00:02:36 - Patrick Armstrong, Plurimi Wealth CIO
00:10:15 - Samsung issues apology for profit miss
00:11:40 - Hon Hai: V business will need years to ramp up
00:16:59 - Israel sights on multiple fronts
00:20:02 - Headlines
00:20:52 - Phoenix Kalen, Societe Generale
00:27:41 - US Election: candidates ramp up campaigning effort
00:29:32 - Trump betting odds improving
00:33:45 - Big Take: China tariffs' impacts on some US towns
00:38:20 - UK Chancellor's tax policies falter
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[bennyc]

Pushing the market up temporarily is easy. Keeping it boisterous takes skills and knowhow. At times, a Plunge Protection Team is needed.

[ipower]

Kioreans and Japanese were never a march for the Chinese historically.

[lastChang]

Countries now are smart enough to know about China 🇨🇳.
It can't fool others anymore.

[BaozhaiDongme]

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