China Last Night KraneShares JD.com Q4 Earnings Overview JD.com (JD US, 9618 HK) announced Q4 financial results post-Hong Kong close/pre-US market open. We knew Q4 would be challenging as zero COVID’s end led to an outbreak across China. Management did a great job navigating a complex macro environment, cutting costs, and cutting unprofitable investments, allowing…
China Last Night KraneShares Key News Asian equities were higher overnight, with China and Hong Kong underperforming. India was off for Holi, which celebrates the arrival of spring according to Google. February trade data was cited as the culprit as imports year-to-date (YTD) fell -10.2% versus expectations of -5.5%, exports were lower -6.8% versus expectations…
China Last Night KraneShares Key News Asian equities were mixed overnight as China corrected following yesterday’s exuberance over strong economic data. Mainland China markets fared better than Hong Kong markets, though were still down. Lower volumes on the Mainland may have also been a factor, though it is good to see less of a correction…
Asian equities were largely lower with China and South Korea managing to close positive while Taiwan was off for Peace Memorial Day. Source link
Hong Kong is in the midst of a return to normal, but will it be enough? (Photo by DALE DE LA REY / … [+] AFP) AFP via Getty Images Given the competition it faces from Singapore, Hong Kong cannot afford to rest on its laurels. Over the past few years, Singapore has become a…
China Last Night KraneShares Key News Asian equities were lower overnight, though the Asia Dollar Index was flat as CNY gained +0.13% versus the US dollar, closing at 6.95 CNY per USD. Hong Kong stocks didn’t fall nearly as far as their US-listed counterparts did on Friday as Tencent was flat, compared to a decline…
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,…
Fan Bao is the chairman and chief executive officer of China Renaissance Group. David Paul Morris/Bloomberg China Renaissance Holdings says it has been unable to contact its Chairman and CEO Bao Fan, a well-known dealmaker involved in some of the country’s most prominent transactions. Shares of CR Holdings plunged as much as 50% on Friday…
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…