China Tourism, Airline Stocks Climb On Shorter Quarantines For Int’l Arrivals; Trip.com Soars 14%

Shares in Shanghai-headquartered Trip.com rose by 14% in morning trade in the U.S. on hopes shorter … [+] quarantines for international arrivals in China will help business at the country’s largest online travel site. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Shares in China’s tourism and travel businesses soared in U.S. trading today after…

Dutch Treat For JD, Hong Kong Internet Gains

China Last Night KraneShares Key News Asian investors did not forget about Fed Chair Powell’s less aggressive comments on interest rate hikes on Friday as equities had a strong start to the week, except for Indonesia. Hong Kong and Mainland China were led higher by growth sectors, especially Hong Kong-listed internet stocks, except for Tencent,…

Shopping Festival Sales On June 18 Rise & Highlight New Consumer Habits, Asian Equities Flash Risk Off

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…