China Last Night KraneShares Key News Asian equities were mixed overnight with Hong Kong underperforming on weakness in internet stocks. Worth pointing out that the Hang Seng and Hang Seng Tech gained +0.81% and +1.27% Monday though fell -1.71% and -3.56% today. South China Morning Post’s article that JD.com will spend $1.5 billion to counter…
China Last Night KraneShares Week in Review It was another choppy week of trading for Asian equities as investors assess their risk tolerance considering the potential for two or more rate hikes from the US Fed and geopolitical uncertainty since Balloon-gate. The International Energy Agency (IEA) raised its global oil demand forecast by 500,000 barrels,…
China Last Night KraneShares Key News Asia equities were higher overnight as Hong Kong and South Korea outperformed, while Mainland China underperformed. Hong Kong internet stocks shook off yesterday’s ADR decline broadly, with Hong Kong’s most heavily traded Tencent +1.49%, Meituan +1.64%, Alibaba HK +1.19%, and JD.com HK +5.25%. The Hang Seng and Hang Seng…
China Last Night KraneShares Week in Review Asian equities had a choppy week of trading as positive economic results and corporate profit came out of China while developed market growth stocks came off of their highs from last week, when the US Fed slowed the pace of its interest rate hikes. A China-originated balloon spotted…
China Last Night KraneShares Key News Asian equities were largely higher overnight as Taiwan and South Korea outperformed while China, Hong Kong, Japan, Malaysia, and Thailand posted declines. Unfortunately, Hong Kong internet stocks couldn’t take the baton from US listed China ADRs’ strong move Tuesday as Hong Kong’s most heavily traded were Meituan -6.48% on…
OpenAI logo seen on screen with ChatGPT website displayed on mobile seen in this illustration, on January 8, 2023 in Brussels, Belgium. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images) NurPhoto via Getty Images China’s internet companies are racing to develop their own versions of ChatGPT-style services amid the global frenzy around the conversational AI…
China Last Night KraneShares Key News Asian equities were mixed as North Asia (Japan, South Korea, Taiwan, China & Hong Kong) posted gains while South Asia (India, Singapore, Indonesia, Malaysia, the Philippines, etc.) posted losses. No reason to bury the headline as Baidu HK gained +15.33% on solid volume after confirming the March launch of…
China Last Night KraneShares Week in Review Asian equities started the week off lower and then rallied higher in the middle of the week as central bank rate hikes dominated market news, though China maintained its easing stance. January Manufacturing PMI, reported on Monday, was 50.1 versus expectations of 50.1 and December’s 47, while the…
China Last Night KraneShares Key News Asian equities had a strong day following US stocks’ positive move yesterday, with the Philippines having a very strong day in advance of today’s Fed +25 bps rate hikes which will lead the European Central Bank (ECB) to raise rates +50bps, Bank of England (BOE) +50bps, and a whole…
China Last Night KraneShares Key News Asian equities were lower in advance of central banks hiking interest rates this week, while India managed a small gain and the Philippines and Taiwan underperformed. “De-risking” is occurring across risk assets globally along with some profit taking following the strong stock year to date performance. This is occurring…