Value Rally In Honor Of Buffet’s Conference & Munger’s China Comments

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Asian equities had a strong start to the week following the US market rally Friday.

It is fitting that both Mainland China and Hong Kong were led higher by value stocks and sectors following this past weekend’s Berkshire Hathaway annual meeting in Omaha. It is also worth noting that Charlie Munger opined on why the US and China need to get along and extolled the benefits of trade. As our friend Brian pointed out, you don’t see a great deal of media ink spilled on their balanced China comments, do you? Coincidentally, after the close, Berkshire filed that their BYD stake was trimmed to just below 10%.