China Last Night KraneShares Week in Review Only a few markets managed gains for the week: Indonesia, the Philippines, Hong Kong, and Mainland China. Meanwhile, Japan, Taiwan, South Korea, India, and Singapore were all lower on hawkish Central Bank speech and a jump in the US dollar. There were multiple diplomatic overtures between the US…
China Last Night KraneShares Key News Asian equities were lower on light volumes as investors sat on the sidelines in advance of central bank press conferences. Mainland China and Hong Kong were lower on very light volumes. Mainland investors continue to buy the Hong Kong dip via Southbound Stock Connect with +$408 million of net…
China Last Night KraneShares Key News Asian equities had a rough start to the week except for Mainland China, which outperformed the region while Japan was closed for the “Respect for the Aged Day” holiday. Multiple central banks will meet this week as investors look for interest rate hike guidance. US and China diplomatic relations…
China Last Night KraneShares Week in Review Alibaba’s leadership reshuffle went into effect on Monday as Joe Tsai became Executive Charman and Eddie Wu became CEO while it was announced that former CEO Daniel Zhang would run the company’s new technology fund instead of the cloud division. It was a positive and busy week for…
China Last Night KraneShares Key News Asian equities were mixed overnight as Hong Kong underperformed and Mainland China outperformed. Alibaba’s leadership changes went effective today: Joe Tsai has assumed his new role as Executive Chairman and Eddie Wu has assumed his role as CEO. For more on this leadership reshuffle, please check out our latest…
China Last Night KraneShares Key News Asian equities were largely higher, though there were several pockets of minor weakness. Hong Kong growth stocks underperformed as morning gains eased over the trading day as traders took short-term profits after the last two days of strong performance. Remember that Hong Kong represents foreign investors’ definition of China,…
China Last Night KraneShares Week in Review Asian equities had a mostly positive week other than last night on multiple earnings releases including from Nvidia, which lifted semiconductor stocks. NetEase, Kuaishou, and Baidu all reported Q2 earnings this week with mixed but mostly positive results as advertising and game revenues come back in force. US…
China Last Night KraneShares Baidu Q2 Earnings Overview Search engine, AI, and autonomous vehicle company Baidu beat analyst estimates in its Q2 results, reported overnight. On the call, founder and CEO Robin Lie attributed the company’s positive results to, you guessed it, strong advertising (online marketing business), which led to a strong increase in top…
China Last Night KraneShares JD.com Q2 Earnings Overview Although JD.com did not achieve double-digit revenue growth like its peer Alibaba, the results were fairly strong. CEO Sandy Xu said that the company continues to take advantage of its superior supply chain and infrastructure while noting that the number of merchants on the platform reached a…
China Last Night KraneShares Week in Review China equities ended a mostly negative week lower as economic and corporate developments gave markets no clear direction. China’s CPI release for July indicated slight deflation while China earnings releases this week were largely positive. The disparity between foreign and local investors in China intensified this week. Mainland…