aerial view of shanghai at night getty Week in Review Asian equities opened the week mixed on Monday as China internet stocks listed in Hong Kong rebounded and China’s government announced measures to counteract the power shortage, including allowing energy prices to float more freely. Rising energy and commodity prices continued to weigh on broad…
China cityscape KraneShares Key News Asian markets were mixed as Mainland China was nearly flat and Hong Kong was closed for its National Day holiday. The STAR Board managed a small gain and volumes were weak as Northbound Stock Connect was closed due to the market holiday in Hong Kong. Inflation data was released in…
Cityscape KraneShares Key News North Asia was off following the US market’s poor performance yesterday, while South Asia was mixed as India outperformed. Many brokers’ explanation for today’s market action was yesterday’s Wall Street Journal article on Chinese banks’ lending to private companies being reined in and scrutinized. The article’s sources were “people familiar with…
China World Trade Center getty Key News Asian equities were mixed overnight as Mainland China underperformed Hong Kong and other Asian stock markets. Both Shanghai and Shenzhen opened higher but ended up slightly lower by the end of the session, echoing the jitters in the US market from Friday after a disappointing jobs report. However,…
GUIYANG, CHINA – APRIL 14, 2020 – Ye Dong, takeout of meituan. Guiyang, Guizhou Province, China, … [+] April 14, 2020. May 1 is international labor day.- PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images) Barcroft Media via Getty Images Week in Review Mainland markets…
US & Chinese flags. KraneShares Key News Asian equities cheered US debt ceiling progress/kicking the can and a proposed virtual call between Biden and Xi following US-China talks in Zurich. Virtually all markets were up, though Hong Kong and South Korea posted significant gains. The Hang Seng gained 3.07% while the Chinese companies listed in…
Drone view of Victoria Harbour, Hong Kong getty Key News Asian equities were largely higher except for Japan, Taiwan, and Hong Kong while China and South Korea were closed today. Concerns around the US’ debt ceiling weighed on countries with strong US economic ties while Southeast Asia was resilient. Chinese internet companies are entering their…
Fantasia Chairman Pan Jun poses for a picture at Four Seasons Hotel in Hong Kong in 2016. (Photo by … [+] Nora Tam/South China Morning Post via Getty Images) South China Morning Post via Getty Images In an announcement likely to raise new concerns about the financial condition and transparency of China’s real estate industry,…
Chinese billionaire Chu Mang Yee, pictured in 2005, controls Hopson Development, the real estate … [+] developer said to be investing in Evergrande Property Services. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images) Visual China Group via Getty Images Hong Kong’s benchmark stock index closed at its lowest level in…
Billionaire Chu Mang Yee, pictured in 2005, controls Hopson Development, the Chinese developer said … [+] poised to purchase Evergrande Property Services. (Photo by Visual China Group via Getty Images/Visual China Group via Getty Images) Visual China Group via Getty Images Hong Kong’s benchmark stock index ended the morning on track for its lowest close…