Asian stocks were mixed, Japan, Singapore, Malaysia and Thailand performed better, while mainland China and Taiwan lay behind. Growth/WFH names are destroyed internationally to finance the reopening/price of stocks. Taiwan’s heavy semiconductors lost -0. 35% while South Korea’s Kospi rose 0. 23%, while Kosdaq fell by -1. 22%. Shanghai’s large capitalization/price lost -0. 4%, while expansion into medium-cap/small capitalization Shenzhen companies lost -1. 05%. In China, he said the regulator would read about monopoly practices in the Internet space, which did not help Hong Kong-traded stocks. This is by no means to blame because stocks of non-Internet technologies were transported to the stake.
Yesterday I had the excitement of talking to CNBC’s Bob Pisani about the ETF Edge program (cnb. com/ETF-edge/). China, which was quarantined in the first quarter, offers a fair review of what is likely to happen in the world, given that it is now two-quarters out of quarantine. The expanding Chinese names continued to perform better after the quarantine, as behavior shaped by the quarantine stalled, hurting their earnings. Asia cannot WFH due to urbanization (ie apartments), but that is not the case here in the United States. The main catalyst for US price stocks would be an increase in yield, which will help bank stocks. The question is, does an emerging US yield curve take the wind out of expansion stocks outside the US? FAANG’s US shares will have to generate a massive source of income to justify their existing prices, making a rally in price possible. For China, we know of some expansion names generated through post-quarantine earnings at the time of the quarter. We are now in the third quarter earnings season. What if the names of the Chinese expansions benefit again? Think about it: today at 11 a. m. EST, Alibaba will start releasing knowledge for Singles Day. Do you think this will be good news? I also!
Related: The CPI was mild thanks to lower prices of red meats. Fewer food, China’s CPI inflation remained at 0. 5%. The publication of knowledge was not a driving force of the market in gentleness of the existing rotation.
Hang Seng won 1. 1% to close at 26,301 while volume rose 38% compared to 200% of the 1-year average. The magnitude was positive with 37 forwards and thirteen decliners. China’s 204 companies in the MSCI China All Shares index fell by -1. 88%, energy by 9. 76%, industry by 1. 96%, fundamental goods by 1. 6 5% and real estate by 1. 55%, while discretionary ones fell by -6. 27%, generation by -4. 4%. -3. 86% and aptitude -2. 24%. Southbound Stock Connect volumes were high, with mainland Chinese investors promoting Hong Kong stocks worth $150 million, and southbound trading accounted for 10% of Hong Kong’s revenue.
Shanghai and Shenzhen lost -0. 4% and -1. 05% to close at 3,360 and 2308 respectively. Volume down -9. 6% since yesterday, still 121% of the 1-year average. The scale was reduced by 1,022 freight forwarders and 2,755 declinants. The 518 continental shares in the MSCI China All Shares index fell by -1. 22%, driven by a decrease through discretionary stocks -3. 12%, healthcare -2. 38%, generation -2. 08%, utilities -1%, real estate -0. 95%, industries -0. 87 Northbound Stock Connect volumes moderated as foreign investors sold $621 million in shares on the continent, and trade in Northbound accounted for 5. 5% of continental sales.
Join me for a webinar tomorrow, November 11, at 11:00 a. m. Est. I’ll talk about the long term and singles day of Ant Group 2020.
Krane Funds Advisors, LLC is the investment manager for the KraneShares ETFs. Our diversity of China-centric ETFs provides investors with answers to perceive China’s importance as an essential component of a well-designed investment portfolio. We try to offer innovative methods that focus on the market and have been developed on the basis of our strong components and deep investment knowledge. Investors remain the most sensitive to global market trends and our goal is to offer significant diversification. Krane Funds Advisors, LLC is majority owned through China International Capital Corporation (CICC).
I am the Chief Investment Director of KraneShares, a China-focused provider of exchange-traded budgets (ETFs). As a pioneer in the ETF industry, I have met
I am the Chief Investment Director of KraneShares, an ETFs provider focused in China. As a pioneer in the ETF industry, I have reveled in the growing popularity of ETFs, helping a leading global ETF provider increase its AUM from a few million to more than $1. 5 trillion. Drawing on my delight in running in money markets, my voracious appetite for global monetary news and a touch of humor, my goal is to provide readers with a daily informative overview of the major Chinese Money Markets titles and knowledge. In addition to contributing to Forbes, I am interviewed and quoted in Bloomberg, CNBC and the Wall Street Journal about problems related to Chinese markets.