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Hong Kong Internet Stocks Outperform In A Rough Night In Asia

January 7, 2022
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Key News Asian equities had a rough night following US equity weakness yesterday with an emphasis on tech/growth stocks going into tomorrow’s US payrolls and unemployment release. Investors are grappling with Fed minutes, which indicated the Fed is going to back up their tough inflation talk with higher rates. I am happy to report that the Hang Seng was one of the few equity markets up overnight, gaining +0.72% led by internet stocks as the Hang Seng Tech Index gained +1.37%. Did you notice Alibaba’s volume yesterday in the US? I did along with several of our institutional brokers. Alibaba’s...
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