Pedestrians are reflected in the window of a Bosideng store. Photographer: Nelson Ching/Bloomberg … [+] News © 2021 Bloomberg Finance LP Bosideng, China’s top home-grown down jacket brand, said on Wednesday it overcame Covid and other global headwinds and reported gains in sales and profit for the 12 months ending March 31. Sales increased by…
China Last Night KraneShares Key News Asian equities were mostly lower overnight despite the significant comeback in the US yesterday. Hong Kong saw a slight uptick in volume as Mainland China saw lower volumes than yesterday. Sales during the June 18, Shopping Festival, were somewhat subdued this year, as expected. Nonetheless, major E-Commerce platforms’ sales…
Key News Asian equities were mixed, but mostly higher overnight as Hong Kong outperformed, driven by growth and internet stocks as optimism gathers over the end to lockdowns in China and an improving macroeconomic picture. However, Mainland markets were lower on light turnover. China developers saw gains last night and yesterday as a data release…
China Last Night KraneShares Week in Review Hong Kong and Mainland China were the only markets in Asia with positive performance for the week. Southbound Stock Connect volumes were elevated on Monday as Mainland investors snapped up shares in Tencent, Meituan, and Li Auto, among other growth names, amid renewed enthusiasm for tech shares and…
China Last Night KraneShares Key News Asian markets had a decent day until the Swiss National Bank unexpectedly raised interest rates 50 basis points sending risk assets south immediately. Returns were determined by time zone as India in the west took the brunt of the risk off versus eastern markets like Japan. Hong Kong took…
China Last Night KraneShares Key News Asian equities were a sea of red excluding Hong Kong and China, which posted gains. The PBOC kept the 1-year medium-term lending facility rate at 2.85% despite the market expecting a 10-basis point cut. We had another improvement in month-over-month data as May industrial production gained +0.7% year over…
China Last Night KraneShares Week in Review On Monday, it was reported that the cybersecurity review of Didi had been completed. The review’s conclusion should allow Didi, along with Full Truck Alliance, to eventually relist in Hong Kong. Q1 earnings reports this week included Nio, which beat expectations on earnings per share (EPS), and Bilibili,…
A Great Wall Motor premium brand electric sedan dubbed ‘Jijialong’ in Chinese was on display during … [+] the 19th Guangzhou International Automobile Exhibition in November 2021. (Photo by VCG/VCG via Getty Images) VCG via Getty Images Hong Kong-traded shares in Great Wall Motor, China’s top homegrown SUV maker, plunged by 4.8% to HK$14.22 at…
China Last Night KraneShares Key News North Asian equity markets outperformed South Asia, led by China and Hong Kong while Malaysia and South Korea were closed. Today’s Wall Street Journal article on Didi’s cybersecurity review concluding came after the close in Hong Kong, though rumors extended the market’s rally into the close. The review’s conclusion…
Children wearing face masks ride on a cart at a public park on the first day of the Dragon Boat … [+] Festival holiday in Beijing, Friday, June 3, 2022, as China’s capital has begun to reopen parks, shopping malls, and other places as a Covid-19 outbreak subsides. (AP Photo/Mark Schiefelbein) ASSOCIATED PRESS Tourist trips…