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China · ChinaKey News Asian equities rebounded on light volumes following yesterday’s steep sell-off. One media outlet called yesterday “Black Monday” after the US’ 1929 market crash. Meanwhile, Taiwan and South Korea were both up nearly +3%, India and Singapore underperformed, and Indonesia, Malaysia, and Pakistan all continued to be closed for Eid al-Fitr. Hong Kong and Mainland China posted small gains though off intra-day highs as the Shanghai, Shenzhen,…See the Story
March Economic Data Stronger Than Expected Despite Lack of Media Coverage - China Last Night
Eid · ChinaKey News Asian equities were lower overnight as Japan, South Korea, and Taiwan were down more than -3% ahead of Trump’s “Liberation Day,” while India, Indonesia, Malaysia, Pakistan, the Philippines, and Singapore were closed for Eid al-Fitr, an Islamic holiday marking the end of Ramadan. Hong Kong and Mainland China were down but by less than 1%. The Hang Seng and Shanghai benefited from the strong performance of banks following the Ministry of …See the Story
Investors Liberate Themselves From Risk Assets - China Last Night
Donald Trump · ChinaChinese Vice Premier Zhang Guoqing has urged intensified efforts to promote the healthy development of the platform economy to better meet the people’s needs for improved lives. Zhang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour of multiple platform enterprises engaged in food delivery, online retail, livestreaming e-commerce, and transportation services. Not…See the Story
Chinese vice premier calls for healthy development of platform economy
China · ChinaKey News Asian equities had a strong day led by Hong Kong after US-listed China ADRs rose, while Japan, India, and Malaysia saw gains, though Indonesia fell. Hong Kong grinded higher on strong volume and strong breadth, as advancers handily outpaced decliners by nearly 4 to 1, while Mainland China bounced around the room. This morning’s BofA fund manager survey noted a big decline in US equity allocations while there were increases in Europe and…See the Story
