Asian stocks were much higher, with Hong Kong and China performing better, while South Korea took a break from its recent strong gains. The biggest positive catalyst overnight was the announcement that Chinese banks could offsred non-denies from Chinese asset managers. , in turn, publish the high-yield bond budget while banks blank their balance sheets. Unsurprisingly, monetary stocks fell today.
Shares prohibited through the Executive Order, which are basically sectors of the old economy, continue to be acquired in the long term through continental investors through South Connectbound, as they recognize that foreign investors will have to sell regardless of price. Investors on the continent acquired millones. de value of $1,386 to Hong Kong’s shares today, with China Mobile, Tencent, Semiconductor Manufacturing and energy giant CNOOC recording a disproportionate acquisition volume.
Hong Kong’s volume leaders were China Mobile, which won 6. 61%, Tencent, which fell by -0. 17% despite very strong purchases from continental investors, Alibaba HK, which fell by -0. 45%, Meituan, which fell by -2. 45%, Xiaomi, which won 4. 37%, Ping An Insurance, which gains 5. 95%, Executive Order prohibits the manufacture of stock semiconductors, which wins 6. 72% Array Executive Order prohibits the energy giant COCNO , which gains 1. 96%, BYD, which has dropped – 0. 94%, and Geely Auto, which has fallen by -0. 15%.
Shanghai and Shenzhen rose 2. 18% and 1. 86% respectively, after yesterday’s fall through finance. Volumes were again high, with giant and giant capitalizations exceeding median and small capitalization and exceeding price prices. Foreign investors bought $1. 3 billion in mainland stock today. gained contact with the US dollar, while the bonds remained stable.
She’s been very embedded in China and Asia this week. As a result, agents have discussed a lot about the prices of herbal fuels.
Chinese biotechnology BeiGene Ltd (6160 HK) is licensing a cancer drug to Swiss pharmaceutical giant Novartis, as Chinese biotechnology can obtain up to $1. 5 billion in royalties. Inventory fell 12. 88% in Hong Kong.
JD. com will consolidate its generation units, adding JD Digital, with its efforts in synthetic intelligence and cloud computing into a financial technology unit, which is expected to be publicly presented this year.
Online car salesman Autohome announced that its founder and president, Min Lu, will retire. I suspect he’ll leave at sunset.
State Street is in danger of being fired from the largest ETF ever heard of: the Tracker Fund of Hong Kong (2800 HK), which compares to the Hang Seng index. As a U. S. company, State Street cannot reflect the Hang Seng Index due to the decree, so the Hong Kong Monetary Authority can simply upgrade the company, according to the South China Morning Post. This is similar to the nearly 500 structured products that were deployed through U. S. banks in Hong Kong due to their link to Chinese telecommunications stocks and the Hang Seng index. As with U. S. banks, state Street pain is likely to be a gain for someone.
Bloomberg reported that foreign holdings of Chinese bonds increased by 33% to RMB3. 3 trillion (US$510 billion), and more than part of the accumulation was attributed to Chinese government bond influxes. without a single receiver except my friends Chuck and John from Wisconsin.
The Hang Seng index gained 1. 32% / 368 index issues to close at 28,276. Volumes were less than -21% compared to yesterday, but were still 50% higher than the 1-year average, while the width was decent with 29 advances and 21 Chinese companies indexed in Hong Kong and within the MSCI China All Shares index rose 0. 77%, finance-led by 3. 17%, generation 2. 7% , fabrics 1. 35%, fitness 1. 31% and power 1. 29%. Meanwhile, discretionary -1. 22% and commodities -0. 45%. Southbound Stock Connect flows were well above/2 times the 1-year average, with continental investors buying Hong Kong shares worth $1. 386 billion today. Southbound Connect’s trade accounted for 16. 2% of Hong Kong’s revenue.
Shanghai and Shenzhen gained 2. 18% and 1. 86% to close at 3,608 and 2,419, respectively. Volumes dropped -10% compared to yesterday, but still 27% above the one-year average, while the magnitude was decent with 2,411 advances and 1,293 falls. 513 Chinese companies in the MSCI China All Shares index rose 2. 7%, led by the financial sector 3. 84%, industrial 3. 28%, discretionary 3. 08%, raw materials 2. 81%, fabrics 2. 56%, generation 2. 36%, energy 2. 32%, fitness 1. 68%. communication deactivated -0. 91%. Northbound Stock Connect volumes were high, and foreign investors now bought shares on the continent worth $1. 3 billion. The Northbound Connect industry accounted for 5. 7% of the continent’s sales.
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. cutting-edge strategies, first in the market, that have been developed on the basis of our strong components and deep investment wisdom. Investors stay informed of global market trends and our goal is to offer significant diversification. Krane Funds Advisors, LLC is the majority owned by 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 of the ETF industry, I have experienced the rise
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.