China Last Night KraneShares Key News Asia equities were higher overnight as Hong Kong and South Korea outperformed, while Mainland China underperformed. Hong Kong internet stocks shook off yesterday’s ADR decline broadly, with Hong Kong’s most heavily traded Tencent +1.49%, Meituan +1.64%, Alibaba HK +1.19%, and JD.com HK +5.25%. The Hang Seng and Hang Seng…
China Last Night KraneShares Week in Review Asian equities had a choppy week of trading as positive economic results and corporate profit came out of China while developed market growth stocks came off of their highs from last week, when the US Fed slowed the pace of its interest rate hikes. A China-originated balloon spotted…
China Last Night KraneShares Key News Asian equities were largely higher overnight as Taiwan and South Korea outperformed while China, Hong Kong, Japan, Malaysia, and Thailand posted declines. Unfortunately, Hong Kong internet stocks couldn’t take the baton from US listed China ADRs’ strong move Tuesday as Hong Kong’s most heavily traded were Meituan -6.48% on…
China Last Night KraneShares Key News Asian equities were mixed as North Asia (Japan, South Korea, Taiwan, China & Hong Kong) posted gains while South Asia (India, Singapore, Indonesia, Malaysia, the Philippines, etc.) posted losses. No reason to bury the headline as Baidu HK gained +15.33% on solid volume after confirming the March launch of…
China Last Night KraneShares Week in Review Asian equities started the week off lower and then rallied higher in the middle of the week as central bank rate hikes dominated market news, though China maintained its easing stance. January Manufacturing PMI, reported on Monday, was 50.1 versus expectations of 50.1 and December’s 47, while the…
Pundits often compare Singapore and Switzerland as being near mirrors of each other when it comes to … [+] fintech, but are they really? getty Singapore has long been seen as the Switzerland of Asia, a pro-business, largely neutral state with a huge financial services sector catering to an international clientele. Like Switzerland, Singapore is…
China Last Night KraneShares Key News Asian equities had a strong day following US stocks’ positive move yesterday, with the Philippines having a very strong day in advance of today’s Fed +25 bps rate hikes which will lead the European Central Bank (ECB) to raise rates +50bps, Bank of England (BOE) +50bps, and a whole…
China Last Night KraneShares Key News Asian equities were lower in advance of central banks hiking interest rates this week, while India managed a small gain and the Philippines and Taiwan underperformed. “De-risking” is occurring across risk assets globally along with some profit taking following the strong stock year to date performance. This is occurring…
China Last Night KraneShares Key News Asian equities were mostly higher overnight on continued exuberance following China’s Lunar New Year holiday. Hong Kong built on its gains from yesterday while India was the only Asian market lower overnight. Data suggests that cross-border travel rebounded during the Lunar New Year holiday. Macau saw 40,000 visitors from…
China Last Night KraneShares Week in Review China released 2022 economic data this week. GDP grew by +3.0% while retail sales declined by -0.2%, less than expected. Chewy founder Ryan Cohen announced a stake in Alibaba and is advocating for more share buybacks based on the company’ low valuation. World economic leaders gathered at the…