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 »
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 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 …
China Last Night KraneShares Key News Asian equities were mixed overnight as Japan, China, and Southeast Asia outperformed while Taiwan, Korea, and India were off. It was another day of Mainland China outperforming overnight as Shanghai gained +0.4%, Shenzhen gained +0.6%, and the STAR Board gained +0.7%. Meanwhile, the Hang Seng fell -0.17% and the …
Did The CEWC Indicate Internet Regulation Is No Longer A Focus? Read More »
China Last Night KraneShares Week in Review Over the weekend, the China Securities Regulatory Commission (CSRC), the SEC of China, issued a statement affirming its support for the variable interest entity (VIE) structure and the ability of Chinese companies to list abroad following US media reports to the contrary. However, the regulatory body will need …
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 …
China Last Night KraneShares Week in Review Pinduoduo and Meituan reported Q3 results over the Thanksgiving holiday. The former missed on topline but beat estimates on its bottom line, while the latter saw its margins curtailed by regulation-related expenses, but beat estimates slightly on topline revenue. China released the November manufacturing, non-manufacturing, and services PMIs …
Didi Packs Its Bags For Hong Kong, Week In Review Read More »
