Week in Review
- Asian equities had a bumpy week as reopening, and the spread of COVID in China continued to capture headlines, and US equities came back from the Christmas holiday to declines.
- The National Health Commission announced Monday that inbound visitors to China will no longer be required to quarantine for five days at a government facility, but only three days at home beginning on January 8th. Meanwhile, outbound international travel from China appears to have picked up again.
- Multiple game approvals this week benefitted game developers, including Tencent and Meituan, as the former’s Hong Kong-listed shares saw heightened buying via Southbound Stock Connect.
Friday’s Key News
Asian equity markets ended the week and the year on a positive note though South Korea was closed for early New Year’s celebrations, and the Philippines was closed for Rizal Day, in memory of national hero Jose Rizal, who was executed on this date in 1896 for inciting a revolt against the Spanish.
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