Hong Kong stocks soared for a sixth day in a row, hitting a 22-month high as the China market frenzy rolled on, while BlackRock said more stimulus from Beijing could be coming. The Hang Seng Index jumped 4.8 per cent to 22,151.09 as of 10.55am local time, the highest level since January 2023. The Hang…
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty Images Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy. The Hang…
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 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,…