Hong Kong Outperforms, EVs Clipped On Tesla Price Cuts

Key News

Asian equities were mixed overnight as Hong Kong shares outpaced Mainland shares except for the STAR Board, which continues to outperform.

The People’s Bank of China (PBOC), China’s central bank, left key lending rates unchanged overnight. Evidently, economic policymakers are pleased with the country’s recovery so far this year. That being said, we may still see other forms of stimulus including direct support for key industries and SOE reform.