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A-share traditional Chinese medicine (TCM) stocks saw a short-term surge, with Hansen Pharmaceutical hitting the daily limit, Zhenbaodao rising over 7%, and other stocks such as Yisheng Pharmaceutical, Enwei Pharmaceutical, Xinguang Pharmaceutical, a

2026-07-23

A-share traditional Chinese medicine (TCM) stocks saw a short-term surge, with Hansen Pharmaceutical hitting the daily limit, Zhenbaodao rising over 7%, and other stocks such as Yisheng Pharmaceutical, Enwei Pharmaceutical, Xinguang Pharmaceutical, and Teyi Pharmaceutical following suit. This surge was driven by news of the release of the "15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine."

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2026-07-22

Mitsubishi UFJ Financial Group analyst Derek Halpenny said in a note the dollar is likely to remain largely unaffected in the near term by the latest US trade uncertainty. He expects President Trump's new tariff plan to largely replicate Section 122

Mitsubishi UFJ Financial Group analyst Derek Halpenny said in a note the dollar is likely to remain largely unaffected in the near term by the latest US trade uncertainty. He expects President Trump's new tariff plan to largely replicate Section 122 tariffs due to expire on Friday, so FX impact should be limited. Halpenny added USD is being supported by markets pricing further Fed hikes and heightened Middle East risk, but warned that if trade uncertainty intensifies and investors grow more concerned about unpredictable policy and damage to the US economy, dollar selling could resume.
2026-07-22

China foreign minister Wang Yi met Indian foreign minister S. Jaishankar in Manila on the 22nd. Wang said China and India will implement their leaders' consensus, deepen high-level exchanges and economic, trade, media and cultural cooperate, and prop

China foreign minister Wang Yi met Indian foreign minister S. Jaishankar in Manila on the 22nd. Wang said China and India will implement their leaders' consensus, deepen high-level exchanges and economic, trade, media and cultural cooperate, and properly manage sensitive issues to foster mutual understanding and peaceful coexistence. He urged exploration of a neighborly great-power model based on mutual respect, trust, shared development and prosperity to inject new momentum into bilateral ties. Wang said India and China will serve consecutively BRICS rotating presidencies over the next two years, called for closer BRICS coordination to strengthen the mechanism and better represent developing countries' interests, and said China will continue to support India in hosting this year's BRICS summit.
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