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…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
Google Play, the official online store for Android-based apps, has named Meituan-owned online delivery platform Keeta and fantasy role-playing game AFK Journey, developed by the global publishing unit of Shanghai firm Lilith Games, among the winners of its “Best of 2024” awards in Hong Kong. Keeta, which was rolled out in Hong Kong in May…
A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and…
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 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…
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…
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…