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…
Text size Scientists have discovered dinosaur fossils in Hong Kong for the first time, the city’s government announcement on Wednesday, adding that the species remains unknown. Experts from Hong Kong and mainland China identified the fossils as belonging to a large, aged dinosaur from the Cretaceous period, around 145 million to 66 million years ago,…
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…
Text size Hong Kong stocks sank more than three percent in the afternoon session Tuesday, extending a sell-off in response to disappointment over China’s lack of detail on a raft of recently unveiled stimulus measures. The Hang Seng Index dived 3.54 percent, or 746.42 points, to 20,346.45, while the Shanghai Composite Index shed 2.00 percent,…
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…
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…
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…
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…
Text size Shares in Hong Kong soared more than three percent at Wednesday’s open, extending the previous day’s rally, after China unveiled another interest rate cut the day after a slew of economy-boosting stimulus measures. The Hang Seng Index surged 3.12 percent, or 591.87 points, to 19,592.43, while the Shanghai Composite Index added 1.34 percent,…
Text size After a recent strong recovery, Rolls-Royce is looking to overcome a setback caused by a defect to one of its engines on a plane flown by Hong Kong’s Cathay Pacific. The British company has seen its share price soar to record highs thanks to a turnaround in performance under chief executive Tufan Erginbilgic…