China issues car pricing guidelines, according to CCTV
China's new car pricing guidelines signal an effort to standardize practices within the automotive sector, addressing illegal pricing and promoting fair competition.
North Korea is said to be developing a submarine that can carry 10 submarine-launched ballistic missile, according to an MP citing South Korea's spy agency
South Korea is to tighten delisting rules and remove penny stocks starting in July
China issues car pricing guidelines, according to CCTV
[MARKET ANALYSIS] T-note futures are little changed after slumping yesterday post-NFP
Applied Materials (AMAT) agrees to pay USD 252.5mln to the Department of Commerce to settle export violation case
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- Flags illegal practices in the auto sector, including undisclosed pricing and price fraud.
- Guidelines aim to ensure legal and compliant auto sector operations and promote fair and quality-based competition.
This regulatory move could have implications for automakers operating in China, impacting their pricing strategies and potentially altering market dynamics. Traders should watch for reactions from major auto stocks and the broader Asian equity markets, as this could indicate shifts in investor sentiment towards the sector.
Related headlines
- ByteDance is reportedly looking to expand its computing capacity by building more data centres in Mongolia in the next 2 years, SCMP reports1 hour ago
- China Prelim Retail Passenger Vehicle Sales (Aug) +11% M/M (prev. -8.8%); -4% Y/Y (prev. -20.9%) 2 hours ago
- Cintrini's Jukan, citing Citi sales desk, says "The current sell-off in Korean memory stocks is being driven by a rumour that the US is preparing tariffs targeting Korean semiconductors"3 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US6 hours ago
- ByteDance gets a USD 30bln loan, which is Asia's second-largest this year6 hours ago
- PRE-MARKET CHINESE STOCKS NEWS: SHEIN (625 HK) will join the Hang Seng Composite Index and several sub-indexes, effective September 15th8 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Nasdaq 100 lagged during US trade but still finished in the green after US stocks rebounded from losses as front-end yields edged lower8 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hanwha Ocean (042660 KS) won a KRW 1.55tln order from Taiwan’s Yang Ming Marine Transport to build six LNG dual-fuel container ships9 hours ago
- Xiaomi (1810 HK) says it will unveil its new center-fold Xiaomi 18 Fold smartphone on Sept. 7 at 19:00 Beijing time (12:00 BST)1 day ago
- Shein (0625 HK) will join the Hang Seng Composite Index, effective 15th September1 day ago
- TSMC (TSM/ 2330 TT) COO says the company cannot secure enough construction workers in Taiwan, comments made at the SEMICON trade exposition1 day ago
- PRE-MARKET INDIAN STOCKS NEWS: India raised its windfall tax on petrol exports to INR 1.5 from zero, effective September 1st1 day ago
- Honda (7267 JT) aims to reduce costs by JPY 1.5tln by 20301 day ago
- PRE-MARKET CHINESE STOCKS NEWS: Automaker vehicle sales updates1 day ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Stocks are pressured after US-Iran strikes1 day ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: SK Hynix (000660 KS) chairman said a tie-up with Kioxia (285A JT) is an option1 day ago
- SK Hynix (000660 KS) chairman says a tie up with Kioxia (285A JT) is an option1 day ago
- BYD (002594 CH) sold 440,293 vehicles in August; sold 177,154 plug-in hybrid passenger vehicles2 days ago
- China issued new guidelines requiring automakers operating overseas to price vehicles and components lawfully2 days ago
- Hyundai Motor (005380 KS) reports August sales -14.2% Y/Y2 days ago
The whole workspace, free to try.
Try it free