China Last Night KraneShares Key News Asian equities had a positive start to the week except for Taiwan, which was off a touch. Mainland China media is reporting Nancy Pelosi is likely to visit Taiwan tomorrow, though this has not been confirmed. Over the weekend, China released PMI data that was lower than expected. The…
Women wearing face masks look at a smartphone as they stand on a street corner in Beijing on July 6. … [+] Residents of parts of Shanghai and Beijing have been ordered this month to undergo further rounds of COVID-19 testing following the discovery of new cases in the two cities. (AP Photo/Mark Schiefelbein) Copyright…
China Last Night KraneShares Week in Review Asian equities had a mixed but mostly higher week as markets digested the Fed’s rate cut of 75 basis points, as expected, on Wednesday and a bailout fund for China real estate developers, which had a volatile week in the equity market. Alibaba announced Tuesday that its board…
Key News Asian equities were mostly higher overnight except for Hong Kong and Taiwan. Biden and China’s President Xi are scheduled to meet sometime in the next few days. The two leaders are apt to focus on areas of potential cooperation, according to analysts. Biden would like to ensure that lines of communication with Beijing…
A silhouette of hands in medical gloves hold a medical syringe and a vial in front of Fosun Pharma’s … [+] logo. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Shares in Fosun Pharmaceutical, the drug maker controlled by China billionaire Guo Guangchang, rose in Hong Kong this morning…
China Last Night KraneShares Key News Asian equities were a sea of red on light volumes following the US equity market’s Friday fall in advance of the Fed’s anticipated 75bps interest rate hike. Hong Kong-listed internet stocks followed their US counterparts’ move on Friday lower overnight. The Financial Times reported that a three-tier system of…
China Last Night KraneShares Week in Review Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bounty. On Tuesday it was reported that Didi will be fined $1B, ending its investigation and allowing the company to…
Xtep international Chairman Ding Shui Po in 2014. (Photo by Edmond So/South China Morning Post via … [+] Getty Images) South China Morning Post via Getty Images An investment company controlled by China sportswear billionaire Ding Shui Po plans to lower its stake in his Hong Kong-listed flagship Xtep International Holdings, according to a filing…
Didi’s ride-sharing app. Costfoto/Future Publishing via Getty Images Chinese authorities have decided to impose an 8 billion yuan ($1.2 billion) fine on embattled ride-sharing giant Didi Global, after a year-long investigation uncovered what was described as “serious” violations of the country’s data security laws. The country’s now all-powerful cybersecurity watchdog, the Cyberspace Administration of China…
China Last Night KraneShares Key News Asian equities had a strong performance overnight though we should curb our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong night following yesterday’s Didi news which should put its regulatory oversight behind the company and allow the company to resume full operations. For the…