China Last Night KraneShares Week in Review Only a few markets managed gains for the week: Indonesia, the Philippines, Hong Kong, and Mainland China. Meanwhile, Japan, Taiwan, South Korea, India, and Singapore were all lower on hawkish Central Bank speech and a jump in the US dollar. There were multiple diplomatic overtures between the US…
The global risk of housing bubbles has decreased sharply in 2023. A report released Wednesday by Swiss bank UBS concludes that out of 25 cities surveyed, only two were at risk of a housing bubble this year, down from nine each in the previous two reports. The data shows that even places known for their…
China Last Night KraneShares Key News Powell’s “higher for longer” press conference indicating one more rate hike in 2023 pounded Asian equities overnight, sending the US dollar higher. The Asia Dollar Index is close to both its 1-year and all-time low over the last 17 years as the US 10-year Treasury yield closes in on…
China Last Night KraneShares Key News Asian equities were lower on light volumes as investors sat on the sidelines in advance of central bank press conferences. Mainland China and Hong Kong were lower on very light volumes. Mainland investors continue to buy the Hong Kong dip via Southbound Stock Connect with +$408 million of net…
China Last Night KraneShares Key News Asian equities had a rough start to the week except for Mainland China, which outperformed the region while Japan was closed for the “Respect for the Aged Day” holiday. Multiple central banks will meet this week as investors look for interest rate hike guidance. US and China diplomatic relations…
China Last Night KraneShares Key News Asian equities were mostly higher overnight following mixed performance on Wall Street yesterday. China cut the reserve requirement ratio (RRR) by 0.25% overnight. This comes ahead of the release, expected tonight, of retail sales, industrial production, and property investment. The cut is welcome as policymakers continue to pursue easing,…
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight as the US reported hotter-than-expected inflation in August. Hong Kong saw very low volumes overnight as 31% of names saw no transaction volume. This has attracted the attention of Hong Kong’s government, which is now following the Mainland’s example and implementing…
China Last Night KraneShares Key News Asian equities were mostly lower overnight except for Japan and India. China released positive credit data for August yesterday that came in well above July’s levels. This is an indication that the cuts to mortgage rates and other interest rates are having a positive impact on the economy. This…
China Last Night KraneShares Key News Asian equities were mixed overnight as Hong Kong underperformed and Mainland China outperformed. Alibaba’s leadership changes went effective today: Joe Tsai has assumed his new role as Executive Chairman and Eddie Wu has assumed his role as CEO. For more on this leadership reshuffle, please check out our latest…
China Last Night KraneShares Week in Review Asian equities were mostly lower this week as renewed concerns of another potential Fed rate hike weighed on risk assets globally. Trip.com reported Q2 revenue that exceeded pre-COVID (2019) levels by 29%, indicating a strong return to travel, at least domestically, for China’s consumer. The city of Shenyang…