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KraneShares Advisors

June 23, 2020

Late Night Comedy

East Asian equity indices showed a V-shaped rebound in the morning after President Trump used Twitter to confirm the US-China trade deal is intact, after White House advisor Peter Navarro said the deal was over in a Fox News TV interview last night.

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KraneShares Advisors

June 16, 2020

Tencent’s IQ Buyout Rumor, Markets Climb The Wall of Worry

Asian equities ripped higher last night on news of President Trump’s infrastructure stimulus, confirmation of Secretary of State Pompeo’s Hawaii meeting tomorrow with his Chinese counterpart, continued Fed corporate bond buying, and the confirmation of a Reuters story that the Commerce Department will allow Huawei to participate in setting 5G global standards.

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KraneShares Advisors

May 26, 2020

Meituan Dianping +10% After Beating Lowered Expectations

Asian equities had a strong day following a mixed day with some modest gains yesterday. Hong Kong had a strong day following better than expected results from today’s volume leader restaurant delivery company Meituan Dianping (3690 HK), which rose +10.41% followed by Tencent +2.11%, and Alibaba HK +1.41%. Macau tycoon Stanley Ho passed away at the age of 98 today.

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KraneShares Advisors

May 5, 2020

Bargain Hunters Lift Hong Kong

Bargain hunters were active across Asian equities following yesterday’s carnage though volumes were weak as Mainland China, Japan, and South Korea remain on holiday. Hong Kong rebounded today despite rather grim Q1 GDP (-8.9% YoY) and March retail sales (-40% YoY) releases.

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KraneShares Advisors

April 14, 2020

China Trade Data Lifts Markets

Asian equities were very resilient considering the drop on Wall Street yesterday. A key driver was the 10 am local time release of China’s strong trade data.

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KraneShares Advisors

April 7, 2020

Alive & Kicking

Asian equities followed Wall Street higher last night as investors cheered declining rates of coronavirus growth in Europe and New York City, details on further stimulus from other countries, and strong earnings releases coming out of South Korean from MSCI Emerging Markets behemoth Samsung.

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KraneShares Advisors

April 3, 2020

Asian Index Performance Weekly Overview, Services PMI Shows Improvement

Asian equities were largely off in light trading as Taiwan was closed for a market holiday. Korea managed a small gain along with Thailand and Indonesia, but otherwise, the region largely registered small losses. Singapore has stepped up quarantine efforts for the first time while pushing through a considerable stimulus plan.

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KraneShares Advisors

March 31, 2020

PMIs Rebound: Bringing Both Optimism and Caution

This is a massive uptick versus analyst expectations. PMIs are calculated on a month to month basis which helps explain the jump. The National Bureau of Statistics compiles the “official” PMI by surveying several thousand large and mid sized companies, many of which are State Owned Enterprises.

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KraneShares Advisors

March 24, 2020

Markets Surge on Fed’s Decisive Action

Asian equities cheered the Fed’s decisive action to shore up the financial system’s plumbing and particularly the fixed income market by buying bonds. The general feeling among brokers yesterday mid-afternoon was that Congress is fiddling while the US economy burns.

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KraneShares Advisors

March 17, 2020

Asian Markets Stabilize

Asian equities were largely lower following yesterday’s epic loss in the US. However, it is worth noting that US futures started to rally during the trading day. Japan, Hong Kong, and Australia managed gains. Meanwhile, most of the region was off to varying degrees.

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KraneShares Advisors

March 12, 2020

Trump Address Doesn’t Calm Markets, China New Cases Drop To New Low

Asian equity markets plunged following President Trump’s speech fell flat with investors. What was missing? The lack of fiscal stimulus, recognizing issues in test kits and limiting domestic travel stand out to me relative to responses in China, South Korea and Japan. However, a stronger response is likely being drawn up as we speak.

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KraneShares Advisors

March 10, 2020

US Policy Response Lifts Sentiment

Asian equities rebounded as President Trump’s announcement of a payroll tax cut and other stimulus propelled bargain hunters. The gains in Asia look subdued compared to the strong rebound in Europe. India was closed today for the Holi holiday.

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KraneShares Advisors

March 2, 2020

Headlines Look Backward While Markets Are Forward-Looking

Asian markets diverged with Japan, Hong Kong, Mainland China, and Korea rising while Taiwan , Australia, India, Singapore, Malaysia, Thailand and Indonesia were off. The big story was Mainland China, which ripped higher as Mainland investors believe this weekend’s poor PMIs will lead to further stimulus measures.

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KraneShares Advisors

February 25, 2020

China Last Week – Megan Gummer Discusses Working From Home In China & Trade Updates

This week, the outlook on the coronavirus appears to be improving. According to the Chinese National Health Counsel, with the exception of Hubei Province, the number of confirmed cases within China has continuously declined over the past 16 days. On Feb 19th, only 45 new cases were found across 30 provinces, which is a 95% decline from 2 weeks ago. An increasing number of provinces have no new daily confirmed cases.

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KraneShares Advisors

February 14, 2020

Asian Markets Mixed as Sentiment Improves

Asian markets were half up and half down last night following Thursday’s market selloff due to the announcement of more than 15,000 new cases of the virus thanks to a new methodology.

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KraneShares Advisors

February 11, 2020

BABA Blues? Not Buying The News

Asian equities were higher across the board except for Japan, which was celebrating National Foundation Day, and Thailand, which was down. Hong Kong was the best regional performer as index heavyweights powered the index higher.

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