CLN KraneShares Key News Asian equities were mixed but mostly higher overnight as Hong Kong and Mainland China outperformed and Indonesia and the Philippines underperformed. DeepSeek announced that it would be restricting access to its servers due to capacity constraints. This is interesting as, while its model was efficient and relatively cheap to develop, ever-increasing…
CLN KraneShares Key News Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains. I would have thought that a 10% tariff was expected or would have been cheered, as 10% is better than 60%, which is…
Visitors watch the Chinese New Year Edition of “Mickey & Friends Street Celebration” performance during the Hong Kong Disneyland Resort’s ‘Magical Year After Year’ at the Hong Kong Disneyland in Lantau Island on Jan 16, 2025. (ADAM LAM / CHINA DAILY) HONG KONG – Some industry players in Hong Kong’s tourism sector expect a bumper…
CLN KraneShares Key News Asian equities had another rough night on light volumes as South Korea, India, Thailand, Indonesia, and the Philippines posted losses of -1% or more. Mainland China and Hong Kong posted modest losses on light volumes despite some intra-day volatility and some good news going into the session. Mainland media continued emphasizing…
CLN KraneShares Key News Asian equities were mixed overnight as South Korea bounced after yesterday’s 52-week low. US-listed China ADRs and ETFs had a very strong day yesterday following Politburo’s very strongly worded release, including “proactive fiscal policy” and “loose monetary policy.” A key point is the release occurred after the Mainland’s 3 PM close,…
CLN KraneShares Key News After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and…
CLN KraneShares Week in Review Asian equities were mixed for the week as Korea and Pakistan outperformed while Hong Kong and Mainland China underperformed. It was a busy week for internet earnings, as we had Q3 earnings releases from Trip.com, which beat expectations, Kuaishou, which beat expectations, fintech Qifu Technology, which beat, and PDD, which…
CLN KraneShares Key News Asian equities were mixed overnight despite a very strong US dollar as the US 10-year Treasury Year Yield rose to over 4.6%, while Japan and India were higher, and Hong Kong, Indonesia, and the Philippines underperformed. The Renminbi’s weakness, as it fell by -0.99%, garnered media attention even though the Yen…
CLN KraneShares Key News Asian equities were lower except for Japan which closed higher. Hong Kong and Mainland China faced several headwinds, or as I like to say, had the kitchen sink thrown at them going into the trading day. AMD’s disappointing financial results, reported after the US close yesterday, weighed on the semiconductor space….
CLN KraneShares Key News Asian equities were lower on Middle East tension and a stronger US dollar except for Japan, which rose on a weaker yen as Mainland China is on holiday until next Tuesday. South Korea was closed for National Day, and Taiwan for a typhoon again. Yes, Hong Kong was lower/took a breather…