May Holiday Is Planes, Trains, & Casinos

China Last Night KraneShares Key News Asian stocks were largely higher post yesterday’s global holiday, less the United States while China remains on holiday until Thursday. Australia’s central bank unexpectedly hiked interest rates by 25 basis points which had one of our currency traders fired up as they believe it is an indication that central…

Ping An Posts Profits

China Last Night KraneShares Key News Asian equities were higher, Australia and Thailand fell on light volumes. Fairly quiet as we head toward China’s Labor Day holiday that has Mainland/onshore China closed Monday, Tuesday, and Wednesday and Hong Kong/offshore China closed Monday. Financial earnings took center stage as insurance giant Ping An rose on high…

Geopolitics Continues To Weigh On Markets

China Last Night KraneShares Key News Asian equities were mixed overnight as the Philippines outperformed while Thailand and Pakistan were closed for Eid al-Fitr. Both Hong Kong and Mainland China were down overnight, though for different reasons. Hong Kong was off on light volumes, closing just below the 20,000 level as the most heavily traded…

Geopolitics Curbs Tech Gains, Week In Review

China Last Night KraneShares Week in Review Real evidence of China’s recovery and “revenge spending” came to the fore this week with the release of first quarter GDP growth at 4.5% year-over-year (YoY), exceeding expectations, and March retail sales growth at 10.6% YoY. The STAR Board saw some momentum this week on positive earnings releases…