EVs Rise On Policy Support As Investors Yearn For More

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Asian equities were mixed overnight on light volumes.

Mainland China and Hong Kong were down as investors punted shares in advance of China’s two-day holiday and Hong Kong’s holiday tomorrow though Friday volumes will be absurdly light. We should not read too much into the market’s action due to the light volumes that exacerbate moves. Exhibit A would be the light short turnover, as short sellers remember that saying: “don’t short a dull market”.