China Last Night KraneShares Key News Asian equities had a decent start to the week led by the Philippines’ strong day. South Korea was off on tech/growth weakness, and Japan was on holiday. The Hang Seng closed on its intra-day high of +1.08%, led by internet stocks as the Hang Seng Tech Index gained +2.21%. …
Hong Kong Internet Stocks Post Another Strong Day Read More »
China Last Night KraneShares Week In Review Nearly 3 million electric vehicles were sold in China in 2021, according to full year sales data reported Monday. Tencent sold its $3 billion stake in Southeast Asian E-Commerce platform Sea on Tuesday, leading to a slight downdraft in Tencent stock and others known to have been invested …
TGHKSWGF! Thank Goodness HK Stocks Were Green Friday! Week In Review Read More »
China Last Night KraneShares Key News Asian equities had a rough night following US equity weakness yesterday with an emphasis on tech/growth stocks going into tomorrow’s US payrolls and unemployment release. Investors are grappling with Fed minutes, which indicated the Fed is going to back up their tough inflation talk with higher rates. I am …
Hong Kong Internet Stocks Outperform In A Rough Night In Asia Read More »
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the … [+] virtual Berkshire Hathaway annual shareholders meeting last May. Berkshire owns shares in China EV maker BYD worth about $7.7 billion. Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP China electric vehicle leader BYD today added its name to a …
Key News Asian equities were largely higher on light volumes and very little news. Hong Kong internet names rebounded overnight leading the Hang Seng to gain +0.57% and the Hang Seng Tech Index to gain +1.29%. Hong Kong’s volume was off -15.86% from yesterday, which is only 55% of the 1-year average. Markets are becoming …
China Last Night KraneShares Week in Review Over the weekend, Han Wenxiu, a member of the Central Committee for Financial and Economic Affairs, spoke about the Central Economic Work Conference (CEWC) release, stating that “the government should be cautious about unveiling policies that could trigger contraction,” which might suggest a dialing back on internet regulation. …
Tech Wreck Goes Global As CSRC Sends Another HFCAA Olive Branch, Week In Review Read More »
China Last Night KraneShares Key News Asian equities followed the US equity market higher after the Fed’s announcement of three hikes in 2022 yesterday. Mainland news was positive as PBOC head Yi Gang spoke to policy support while the post CEWC policy meeting yesterday also gave an indication of top-down economic support with a particular …
For over a year, official China seems to have been on the warpath against its own tech industry. Just a few of Xi Jinping’s moves: the suspension of Ant Financial’s IPO, the apparent house arrest of Jack Ma, the anti-monopoly drive and fines imposed on tech companies, large “voluntary donations” made by Alibaba, JD, Meituan, and others …
China Last Night KraneShares Key News Asian equities were largely higher except for Japan while Hong Kong and China outperformed. Too much too soon! I completely jinxed CNY’s rally by highlighting it yesterday. The PBOC tempered the rally by raising banks’ foreign exchange deposit ratio by 2% to 9%. CNY slipped to 6.37 from yesterday’s …
Fly trapped in a carnivorous plant, Venus flytrap. (Photo by: Andia/Universal Images Group via Getty … [+] Images) Universal Images Group via Getty Images “Sometimes you eat the bear, and sometimes the bear eats you.” – Preacher Roe (look it up) On November 7, I posted a column about Alibaba that now looks like a …
