Chinese stocks are on a roll relative to their US peers as optimism over Beijing’s stimulus measures triggered a dramatic rebound. If history is any guide, the rally may have a long way to go, DataTrek Research says. Consider the relative performance of the iShares China Large-Cap ETF (FXI) compared with the SPDR S&P 500…
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…
CLN KraneShares Week in Review Asian equities were higher this week except for Singapore, Pakistan, Malaysia, and Indonesia, as Hong Kong and Mainland China outperformed on rate cuts and new stimulus measures. China’s equity market surged on Tuesday as the People’s Bank of China (PBOC) announced broad rate cuts, a lowering of mortgage down payment…
Hedge funds rushed to buy Chinese equities in a bet that the country’s new stimulus program can boost growth in the world’s second-largest economy. Chinese equities on Tuesday saw the largest daily net buying since March 2021 — the second largest amount in the past 10 years, according to Goldman Sachs Group Inc.’s prime brokerage…
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…
CLN KraneShares Key News Asian equities were mostly higher overnight while Mainland China was closed for the Mid-Autumn Festival. Japan, South Korea, Indonesia, and Malaysia were also closed. It was a very quiet night, especially given the four market holidays outside of China’s Mid-Autumn Festival: Respect for the Aged Day (Japan), Mawlidal-Nabi (Indonesia), Malaysia Day,…