Golden Week

The ongoing threat of labor strikes at U.S. ports, typhoons in China and China’s upcoming seven-day National Golden Week holiday are set to disrupt the flow of containerized goods from China to the U.S., according to a container trade expert. “Our regular surveys indicate that demand...

When the going gets tough, packing up your bags and going on holiday isn’t most people’s idea of a first choice. That’s unless you’ve been hemmed in at home for two years under some of the world’s toughest Covid lockdown restrictions and saved up a heap of cash. With...

China's national Golden Week Holiday at the start of October provided a bit of a boost to spending but fell short of government expectations.  Stocks were subdued in China and Hong Kong Monday following a week-long holiday on the mainland after consumer spending and home sales data roiled...

The offshore yuan’s rally is set to push the onshore unit after trade resumes following China's Golden Week holidays next week. This is expected to ease pressure on the central bank to defend the currency, according to Bloomberg. What Happened: Offshore yuan, which was trading near...

Casino stocks are selling off in mid-morning trading on news out of Macau that Chinese travelers decided not to try their luck over the Golden Week holiday. Golden Week is a seven-day national holiday in China that occurs twice a year. The October Golden Week celebrates the National Day of the...

Shares of Macau casino operators MGM Resorts International (NYSE: MGM), Las Vegas Sands Corp. (NYSE: LVS), Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and Wynn Resorts, Limited (NASDAQ: WYNN) are all down on Friday after the Macau Government Tourism Office (MGTO) adjusted its visitor...

Shares of China-based Internet companies are recording significant gains this week, which is known as "Golden Week" in China. Since the year 2000, the government has implemented the seven-day "Golden Week" in the mainland. During this period, the stock exchange remains...

Strong Golden Week revenue numbers in Macau were followed by the weakest weekly numbers since 2010. With Studio City opening up this month, table allocation could soon be a concern for operators opening new resorts. Bernstein believes that stock selection remains critical when it comes to Macau...

After a strong start to the Golden Week holidays, Macau visitation numbers were hit hard by the arrival of Typhoon Mujigae. Prior to the typhoon’s landfall, Macau visitation numbers for October were 7.1 percent higher than last October’s numbers. Monthly gross gaming revenue in Macau...