CLN KraneShares April Economic Data Release New Home Prices Month over Month -0.12% Used Home Prices MoM -0.41% Property Investment Year-to-Date (YTD) -10.3% versus expectations -10% and March’s -9.9% Residential Property Sales YTD -1.9% versus March’s -0.4% Retail Sales +5.1% versus expectation 5.8% and March’s 5.9% Online Retail Sales +7.7% YTD YoY Industrial Production +6.1%…
Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. The Hang Seng Index declined 0.3 per cent to 23,520.73 as of 9.45am local time, adding to a loss of 3.2 per cent since March…
PC giant Lenovo Group, Shenzhen-based robotics firm UBTech and EV maker Geely are among the first major Chinese manufacturing enterprises to push DeepSeek technology into their products. Those initiatives reflect how much DeepSeek has caught the attention of the technology industry at home and abroad, following its recent AI breakthrough. The Hangzhou-based start-up released two…
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…
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,…