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Hong Kong Internet Stocks Rally, Biden-Xi Phone Call Lifts Sentiment, Week In Review Todayuknews

September 11, 2021
Source: todayuknews.com todayuknews.com
News Snapshot:
Junk boat crossing Hong Kong harbor. getty Week in Review China reported Tuesday that its exports rose +15.7% year-over-year versus an expected +8.4%. The better-than-expected release powered China equities higher and was good news for the global economy amid concerns about the delta variantu2019s impact on global growth. Hong Kong-listed internet stocks rallied Wednesday following a Mainland media article detailing the successes of Chinau2019s new anti-monopoly law and implying that the law has been nearly fully implemented and enforced. The CEO of NetEase denied rumors of a moratorium on new games releases, which led to US-listed shares in NetEase reversing...
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Tags: Alibaba | bank | Biden | boycott | BYD | China | Chinese | CICC | Dollar | Economy | electric vehicle | entertainment | Exports | finance | Guangdong | Hong Kong | India | insurance | Internet | investment | Kuaishou | NetEase | online game | online shopping | real estate

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