EVs Power The Market Higher, US-China Diplomatic Green Shoots Sprout

Key News

Asian equities had a strong start to the month as growth stocks and sectors outperformed.

Hong Kong and Mainland China benefitted from news that Janet Yellen will visit China this week as green shoots in US-China relations continue to sprout, just like the vines attacking my trees. Bloomberg was one of the few Western media outlets to report that China’s Ambassador Xie Feng met with President Biden at the White House over the weekend. Remember that the diplomatic situation has kept many professional investors out of the China equity space. However, the absurd disparity between US technology and internet valuations and those in China technology should be hard for professional investors to ignore.