Week in Review
- Geopolitical concerns weighed on China equity markets this week as China’s incrementally improving economic data has yet to translate fully into stock performance.
- President Xi and Ukraine’s Zelensky held a consequential phone call on Wednesday. Both leaders had positive comments about the call.
- BYD sold 440,000 electric vehicles (EVs) in Q1 and its stock saw gains on Wednesday, helping reverse the downdraft in EV ecosystem stocks.
- In this week’s video update, Xiabing takes us to Beijing’s hutongs to discover the latest fashion trends in China.
Key News
Asian equities ended a mixed week largely higher except for Singapore, Malaysia, Thailand, and Indonesia.
Investors were in a good mood following US mega-tech earnings along with the fact that virtually all equity markets globally are closed Monday, including Mainland China and Hong Kong, the former will be closed until Thursday.
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