CLN KraneShares Key News Asian equities were mixed overnight despite a stronger US dollar. Hong Kong and South Korea outperformed, while Thailand was closed for Chulalongkorn Day, a national holiday commemorating His Majesty King Chulalongkorn the Great’s passing. Bloomberg’s article, and subsequently a South China Morning Post article, on an RMB 2 trillion stock market…
CLN KraneShares Key News Asian equities were largely lower, as Taiwan underperformed following ASML’s earnings miss yesterday, while Thailand and Indonesia managed to outperform. Hong Kong and Mainland China bounced around the room throughout the day, despite US-listed China stocks being down significantly yesterday. The recent correction, following the massive stimulus-driven rally, paused on light…
Chinese eCommerce giant Alibaba (BABA, has been on a superb run over the past six months, gaining upwards of 49% in value. After a sluggish phase from late 2020 through 2023, Alibaba stock is finally hitting its stride, showcasing healthy momentum as it climbs back to its pre-pandemic highs. Naturally, with its impressive rally, many…
What’s Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. (NASDAQ:JD), and Baidu, Inc. (NASDAQ:BIDU),…
(Bloomberg) — Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause. Most Read from Bloomberg Short positions on American Depositary Receipts of major companies including Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. haven’t changed dramatically in…
Hong Kong’s success has always been in its openness to opportunity and willingness to try new things. This “can-do” spirit may now seem a bit canned in expression, but the truth of it remains – Hong Kong cannot afford to lose its appetite for risk. It was what made us a cultural icon in the…
CLN KraneShares Key News Asian equities were lower on Middle East tensions, except for Hong Kong, which posted a very strong day. Mainland China remains closed for the week-long national holiday, Taiwan is closed for a typhoon, and India is closed for Mahatma Gandhi Jayanthi, celebrating the birth of Gandhi. Hong Kong ripped higher, led…
China, Alibaba getty The interest rate cuts, and further economic stimulus announced last week by Chinese authorities, continue to boost the stocks representing interests in that nation. It’s actually been more of a rally than that seen in U. S. stocks after the Fed’s rate cut declared earlier this month. These New York Stock Exchange…
Hong Kong stocks climbed for a third day to a fresh four-month high as the stimulus rally continued, but local developers declined amid New World Development’s trading suspension. The Hang Seng Index jumped 2.3 per cent to 19,572.45 at local noon trading break, the highest level since May 20. The Tech Index surged 4.2 per…
CLN KraneShares Key News Asian equities were mixed overnight as Mainland China outperformed and South Korea underperformed. Hong Kong and Mainland China opened higher after yesterday’s monetary policy bazooka. Still, they faded across the trading day, though both managed to post gains, especially the latter, on very higher volumes of 244% and 148% of the…