Key News North Asia was off except for Hong Kong, while South Asia posted small gains on light volumes. Hong Kong opened higher for the first time since last Friday, closing up +1.56%, though off intra-day highs of +2.59%. The index went over the 20,000 level in morning trading, though faded in the afternoon. Online…
Week in Review Asian equities started the week lower as the Bank of Japan unexpectedly raised its yield ceiling on government bonds, but gained some ground later in the week as Hong Kong outperformed. Releases from China’s Central Economic Work Conference (CEWC) have been trickling in all week, noting a strong pro-growth orientation for China’s…
U.S. Securities and Exchange Commission Shutterstock It had all the elements of high-stakes financial drama. Two hundred companies were about to be banished from U.S. markets. One trillion of market cap held by American pension funds and 401Ks was at risk of vaporizing. Angry speeches blasted the floor of the U.S. Congress. Then, last week,…
China Last Night KraneShares Key News Asian equities had a rough Monday, less so India and Singapore as Lionel Messi turned the world into soccer fans (at least temporarily!) with Argentina’s thrilling win over France. Volumes were light regionally as Friday marked the last trading/liquidity event of the year for institutions. Hong Kong and China…
China Last Night KraneShares Key News Asian equities were broadly higher as China, Taiwan, and South Korea underperformed though volumes were light in advance of today’s US CPI release and tomorrow’s US interest rate hike. Hong Kong volumes were off -21% from yesterday, while Hong Kong short turnover, an indication of professional investor risk tolerance,…
Nisa Leung, managing partner at Qiming Ventures Partners. Photographer: Anthony Kwan/Bloomberg © 2019 Bloomberg Finance LP Nina Leung, a member of the 2022 Midas List of the world’s best venture capitalists, will leave the board of directors at Venus Medtech (Hangzhou) on Jan. 30, Venus said in a statement today. Leung, a managing partner at…
China Last Night KraneShares Key News Asian equities were down today on light volumes and little market-moving news as investors wait for Tuesday’s US CPI release and Wednesday’s US interest rate decision, which could lead to another round of profit-taking by global central bank hikes Thursday. Thailand was closed for Constitution Day. Hong Kong stocks…
Aaron Lee of Dash Living. Courtesy of Dash Living “We’ve never missed the 90% occupancy rates for the last eight years, anywhere,” says Aaron Lee, the founder of Hong Kong-based co-living company Dash Living. Even during the pandemic, Lee says his 8-year-old company managed to maintain rates of between 90% and 95% for the 2,000-plus…
Week in Review Asian equity markets had a mixed performance week as Hong Kong, and Mainland China were the only markets to end the week higher on China reopening and the real estate rebound. China’s Politburo met on Tuesday as policymakers gear up for the Central Economic Work Conference (CEWC) next week, which led to…
China Last Night KraneShares Key News Asian equities were mixed/mainly lower, as Hong Kong outperformed significantly, India managed a small gain, and the Philippines closed for the Feast of the Immaculate Conception. Asia investors cheered the ten measures that dial back COVID restrictions and the strong statement from the Mainland media following the Politburo meeting,…