It was quiet overnight as commodity prices lifted mining, precious metals, rare earth, nonferrous metals, steel, iron, and cobalt-related stocks in Hong Kong. China and Japan, the two biggest equity markets regionally, are closed until Thursday in addition to Northbound and Southbound Stock Connect (the Hong Kong trading venues for foreign investors to access the Mainland market and Mainland investors the Hong Kong market). Remember Hong Kong’s Q1 GDP data was reported after yesterday’s close, gaining +7.8% year-over-year while March retail sales grew +20.1% year-over-year. Hong Kong and South Korea outperformed while Taiwan and India underperformed. Innovation: The Next Phase of China’s Secular GrowthĪsian equities had a mixed night following the US’ equities mixed performance yesterday. Join us on Tuesday, May 25th at 8:20 am for our virtual mid-year conference:
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