Asian equities were off today, though China internet and tech stocks continued their outperformance from earlier in the week. For the week, onshore China: Shanghai Composite gained +3.15% while Shenzhen Composite +2.4%. The STAR Board posted a positive gain of +2.13%, while offshore China: Hang Seng was up +3.43% and the Hang Seng Tech Index gained +9.75%. Europe looks to be down about -3% to -4%, and the United States down about -4% for the week. The divergence is interesting considering the Ant IPO news sent Alibaba’s US ADR down -8.13% while Alibaba HK gained +1.35%! The question arises, why...