US-listed China tech stocks Alibaba (BABA), JD.com (JD), and PDD (PDD) are under pressure as investors show some concerns over China’s stimulus measures. While the People’s Bank of China (PBoC) has recently announced various stimulus initiatives, the country’s economic planning agency announced that it is projecting spending of about $28 billion next year. Market Domination…
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…
JD.com (JD), and China-based businesses in general, were formerly considered uninvestable by many. That sentiment is changing quickly, however following the China’s central bank unloading of its monetary-policy bazooka. I believe that JD.com should benefit in the coming quarters. All in all, I am bullish on JD stock because JD.com is an income grower and…
Market Overview There might not have been a lot of buying conviction in today’s market, but more importantly, there was no real selling conviction either. There was some buy-the-dip interest that coursed through NVIDIA (NVDA 120.87, +4.61, +4.0%) and the mega-cap space. Additionally, there was an appreciation for a wave of policy stimulus measures announced…
CLN KraneShares Week in Review Asian equities were mostly higher this week as the US Fed cut interest rates by 0.50% and Hong Kong outperformed while Mainland China underperformed. Appliance giant Midea listed its shares publicly for the first time on the Hong Kong Stock Exchange on Tuesday, representing the first IPO of a Mainland-listed…
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,…