China Last Night KraneShares Key News Asian equities were mostly higher overnight on continued exuberance following China’s Lunar New Year holiday. Hong Kong built on its gains from yesterday while India was the only Asian market lower overnight. Data suggests that cross-border travel rebounded during the Lunar New Year holiday. Macau saw 40,000 visitors from…
China Last Night KraneShares Week in Review China released 2022 economic data this week. GDP grew by +3.0% while retail sales declined by -0.2%, less than expected. Chewy founder Ryan Cohen announced a stake in Alibaba and is advocating for more share buybacks based on the company’ low valuation. World economic leaders gathered at the…
Alibaba Group cofounder Jack Ma. AP Photo/Firdia Lisnawati Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is now in Hong Kong to meet friends and finance executives, the Hong Kong Economic Times (HKET) reported on Friday, citing anonymous sources. Ma has been staying out of the limelight since the abrupt halt to the $35…
China Last Night KraneShares Key News Asian equity markets were mixed as China, South Korea, and Indonesia outperformed while Hong Kong, Japan, India, and the Philippines were lower. Shanghai and Shenzhen gained +0.49% and +0.67%, with the former clearing the 3,200 index level last week while Shenzhen closed above 2,100 overnight for the first time…
China Last Night KraneShares Key News Asian stock markets were largely higher as Japan outperformed as the BoJ reaffirmed its commitment to yield curve control. US-listed Chinese stocks were down yesterday as the Renminbi weakened, which was the only explanation for the steep sell-off. Profit taking after a strong move along with choppiness and volatility…
China Last Night KraneShares Key News Asian equity markets were largely lower as Pakistan was off nearly -3.5% following a largely positive day in the region on Monday. Hong Kong was mixed on Monday as internet stocks underperformed while Mainland China had a strong day. As we move closer to Chinese New Year and China’s…
China Last Night KraneShares Week in Review China’s December CPI was released at +1.8% versus November’s +1.6%, meeting expectations of 1.8%. On Wednesday, The World Bank cut its 2023 global GDP growth forecast in half, though it expects China’s GDP growth to be ahead of the pack. The China Passenger Car Association released December and…
The Hong Kong Stock Exchange may very well end up being the best performing exchange in 2023. getty After a bleak first half of 2022, Hong Kong’s IPO market regained momentum in the second half of the year. Refinitiv data show that 75 listings raised US$12.69 billion. To be sure, it was a weaker performance…
2023 will not be about doing things wildly differently but rather, doing things right. getty 2022 was all about recovery, retention and regulation. Family Offices began to turn their attention away from the effects of macroeconomic factors and instead looked to grow their teams, introduce attractive bonuses to retain them and think about the likes…
China Last Night KraneShares Week in Review Asian equities started 2023 with China outperforming as the country gears up to allow foreign visitors to enter the country quarantine-free starting Sunday. On Wednesday, Alibaba’s Ant Group was approved by the China Banking and Insurance Regulatory Commission (CBIRC) to raise the consumer finance group’s capital reserves to…