China Last Night KraneShares Week in Review Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bounty. On Tuesday it was reported that Didi will be fined $1B, ending its investigation and allowing the company to…
China Last Night KraneShares Key News Asian equities had a strong performance overnight though we should curb our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong night following yesterday’s Didi news which should put its regulatory oversight behind the company and allow the company to resume full operations. For the…
China Last Night KraneShares Key News Asian equities posted mixed results on light volumes as summer doldrums kicked in. The WSJ reported that “according to people familiar with the issue,” Didi will be fined $1B, ending its investigation and allowing the company to resume full operations. According to the WSJ, the latter is more important…
Getty Images Key takeaways Stocks in China plunged Monday as the country’s anti-monopoly authority announced multiple fines for failure to report past merger activities Alibaba and Tencent (a Chinese ecommerce giant and the owner of TikTok, respectively) were among the guilty parties fined The Hang Seng Tech Index in Hong Kong dropped nearly 3.9%, while…
China Last Night KraneShares Week in Review Asian equities were mixed this week as some markets rebounded such as South Korea and a handful of internet stocks, especially Alibaba, continued their rebound. China’s Vice Premier Liu He held a video call with US Treasury Secretary Janet Yellen on Monday. The talks were described as “candid…
China Last Night KraneShares Key News Asian equities were largely lower while India and the Philippines outperformed. Hong Kong and China were off as recent outbreaks in several cities raise lockdown fears. The pullback weighed on travel related stocks such as hotels, airlines, online travel, and restaurants. Energy, material, commodity stocks, and futures were clobbered…
The Hong Kong Stock Exchange is one of the world’s largest. Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP The Hong Kong Stock Exchange is closed today, July 1, to mark the former British colony’s return to mainland rule. It’s formally described as “Hong Kong Special Administrative Region Establishment Day” on the exchange website. For…
China Last Night KraneShares Week in Review Asian equities were mixed this week as South Korea faltered and China markets gained, especially the internet sector, which saw a major improvement in sentiment. Real estate also had a positive week on data showing that new home sales increased +49% month-over-month in the first two weeks of…
China Last Night KraneShares Key News Asian equities were mostly lower overnight despite the significant comeback in the US yesterday. Hong Kong saw a slight uptick in volume as Mainland China saw lower volumes than yesterday. Sales during the June 18, Shopping Festival, were somewhat subdued this year, as expected. Nonetheless, major E-Commerce platforms’ sales…
China Last Night KraneShares Week in Review Hong Kong and Mainland China were the only markets in Asia with positive performance for the week. Southbound Stock Connect volumes were elevated on Monday as Mainland investors snapped up shares in Tencent, Meituan, and Li Auto, among other growth names, amid renewed enthusiasm for tech shares and…