Key News Asian Equities were mixed overnight as Mainland China’s STAR Market and Hong Kong’s Hang Seng Tech Index both outperformed, while Australia and India underperformed. Alibaba announced that it will raise $53 billion for AI investments over the next three years, which was cheered by investors. Alibaba continues to be an AI leader in…
The S&P 500 is cruising at all-time highs following one of the strongest earnings seasons on record, and optimism is running high on Wall Street. The top tech stocks like Nvidia, Alphabet, and Microsoft have been riding high this week, and the cohort is up sharply in recent months. The Roundhill Magnificent Seven ETF is up 32%…
While Chinese stocks traded in Hong Kong climbed for a fourth straight month, derivatives wagers show investors are skeptical about the market. The Hang Seng China Enterprises Index has rebounded 23% from a low in April, and implied volatility for the gauge posted its lowest monthly average in four years. But compared with actual swings,…
Heightened tensions between Beijing and Washington have many investors waiting to allocate capital to Chinese assets. In a recent interview at his New York office, Brendan Ahern, chief investment officer at Krane Funds Advisors LLC, explains how geopolitics and shifting market narratives influence inflows. The specialist asset manager, which focuses on China, climate and alternatives,…
CLN KraneShares Key News Asian equities delivered mixed performance overnight, as Vietnam outperformed on a trade deal, while Taiwan, South Korea, and Thailand all lagged amid the absence of new deals. News broke that Treasury Secretary Scott Bessent will travel to Stockholm to meet his Chinese counterparts, a potential signal of further thawing in US-China…
Hong Kong has long wanted to promote Islamic finance, but progress has been slow. Now, though, the time is more auspicious as the city seeks to diversify its financial services and business beyond Western or developed economies. At the same time, countries in the Middle East are moving quickly to form new business links with…
Hong Kong Debuts Islamic Bond ETF As part of ongoing efforts to strengthen Middle Eastern links, Hong Kong has launched its first-ever Islamic bond ETF. Hong Kong has listed its first-ever Islamic bond – also known as sukuk – exchange-traded fund (ETF), according to a statement by the Securities and Futures Commission (SFC). «Strengthening collaboration…
CLN KraneShares April Economic Data Release New Home Prices Month over Month -0.12% Used Home Prices MoM -0.41% Property Investment Year-to-Date (YTD) -10.3% versus expectations -10% and March’s -9.9% Residential Property Sales YTD -1.9% versus March’s -0.4% Retail Sales +5.1% versus expectation 5.8% and March’s 5.9% Online Retail Sales +7.7% YTD YoY Industrial Production +6.1%…