Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, Photographer: … [+] Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Alibaba’s stock jumped in Hong Kong after the Chinese e-commerce giant reported record transactions on its digital platform even as the resurgence of Covid-19 infections battered the world’s second-largest economy. The company—which counts…
Sacks sit tied to an automatic package sorting machine at a ZTO Express in 2017. Photographer: … [+] Qilai Shen/Bloomberg © 2017 Bloomberg Finance LP One of China’s largest express delivery businesses today reported a jump in first-quarter profit amid the country’s Covid lockdowns. It also, however, warned of disruption in the second quarter. ZTO…
China Last Night KraneShares Key News Asian equities were largely higher as China outperformed while Japan, India, and Indonesia were off slightly. Nike founder Phil Knight’s book Shoe Dog speaks to the determination of settlers to endure the Oregon Trail to reach the Pacific. Walter Isaacson’s book Steve Jobs speaks to the counter culture of…
China Last Night KraneShares Key News Asian equities were mixed overnight as President Biden visited the region. On the positive side, US tariffs on Chinese consumer goods might be cut. Also, Australia voted in a new Prime Minister with inflation concerns among voter concerns. This weekend’s Investor’s Business Daily front-page article was on the US…
UNITED KINGDOM – MAY 20: Chinese currency, one hundred and ten Yuan bills, and mobile phone in … [+] jeans pocket (Photo by Tim Graham/Getty Images) Tim Graham/Getty Images Wealth management is embracing technology like never before, but nowhere is this truer than in Asia. Home-grown technology answers to long-standing problems are cracking open the…
Key News Asian equities were largely higher following the US market’s rip higher on Friday though China was off and several markets were closed for Vesak Day, one of the most sacred days for Buddhists. April YoY Data KraneShares China’s April economic release was an expected dud due to Shanghai’s lockdown. Retail sales were driven…
China Last Night KraneShares Key News Asian equities were largely lower though China, Taiwan, Malaysia, and Thailand managed gains. Mainland China benefitted from continued verbal support from policymakers as tech had a strong day led by semiconductors along with the clean technology ecosystem, which was led by solar and wind names. The China Securities Regulatory…
Share to Facebook Share to Twitter Share to Linkedin The Shenzhen Stock Exchange is home to many of China’s top technology companies. Photographer: … [+] Qilai Shen/Bloomberg © 2016 Bloomberg Finance LP China’s stock exchanges will be closed May 2-4 (Monday-Wednesday) in honor of Labor Day. The Hong Kong Stock Exchange will also be closed…
China Last Night KraneShares Key News Asian equities had a strong night as all markets gained, led by Japan as the Yen hit a low versus the US dollar not seen since 2002. Hong Kong had a strong day led by internet stocks. Catalysts include Premier Li’s State Council meeting on boosting employment and logistics,…
China Last Night KraneShares Week in Review Asian equities had an off week as Hong Kong had a short week due to Easter Monday. According to a release Monday, China’s GDP grew by +4.8% year-over-year in Q1, higher than expectations of 4.2%. This week was an important one for central bank signaling. After cutting the…