China Last Night KraneShares Key News Asian equities were mixed overnight as Mainland China outperformed the region and Hong Kong-listed internet stocks rebounded following positive earnings releases from Tencent and JD.com. Another factor that has been impacting China’s markets has been massive flooding in multiple regions. Fortunately, most reports have floods subsiding and the destruction…
China Last Night KraneShares JD.com Q2 Earnings Overview Although JD.com did not achieve double-digit revenue growth like its peer Alibaba, the results were fairly strong. CEO Sandy Xu said that the company continues to take advantage of its superior supply chain and infrastructure while noting that the number of merchants on the platform reached a…
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight on decent volumes. Data center operator Chindata will be going private. The company is reported to have reached a deal with Bain Capital, which values the company +7.5% higher than the initial proposal. Holders of the company’s American Depositary Receipts (ADRs)…
China Last Night KraneShares Week in Review China equities ended a mostly negative week lower as economic and corporate developments gave markets no clear direction. China’s CPI release for July indicated slight deflation while China earnings releases this week were largely positive. The disparity between foreign and local investors in China intensified this week. Mainland…
China Last Night KraneShares Alibaba Q2 Earnings Overview Alibaba released its Q2 results this morning before the US open. The results were overwhelmingly positive, and management did a good job keeping costs stable year-over-year. Cloud intelligence was a particular bright spot, as the segment’s EBITDA grew over +100% year-over-year (YoY). International digital commerce was also…
China Last Night KraneShares Key News Asian equities were mostly higher overnight as Mainland China underperformed. Hong Kong was higher overnight despite China’s July CPI release of -0.3% year-over-year indicating deflation. Policymakers talked stimulus overnight, which likely kept Hong Kong afloat as investors expect an even stronger policy response to falling consumer and commodity prices.…
China Last Night KraneShares China Import/Export Release July Import/Export Data KraneShares Falling commodity prices had a significant impact on the decline in the value of China’s imports. Meanwhile, falling global demand for physical goods impacted the value of China’s exports. China is the world’s factory so its trade data reflects as much about the global…
China Last Night KraneShares Key News Asian equities were mixed overnight on light volumes and little market-moving news as Mainland China underperformed. Country Garden Holdings, a developer focused on lower tier cities, was the most traded stock in Hong Kong overnight and declined nearly -8%. The developer’s pre-sales have been underperforming in recent months, likely…
China Last Night KraneShares Week in Review Asian equities ended July on a high note before experiencing profit taking this week, especially growth stocks and sectors that had done well in July. China’s manufacturing PMI for July beat expectations, while services came in shy of expectations though still indicated expansion. Yum China, which operates a…
China Last Night KraneShares Key News Asian equities were off overnight as profit-taking ruled the day regionally. Outperforming markets, sectors, and stocks were sold. Although Fitch’s downgrade of the US and the Trump indictment were publicized in Asia, heavy rains in Northern China, a typhoon approaching Taiwan and Mainland China, and economic policy support measures…