U.S.-China Relations Improve With ASEAN, China Exports

Key News

Asian equities had a strong day, with Hong Kong as the top regional performer. Investors cheered the falling US CPI in hopes it will temper the Fed’s aggressive interest rate hikes as the U.S. dollar weakened.

Hong Kong’s rise was fueled by yesterday’s news of Premier Li and the NDRC meetings with internet companies marking the end of China’s internet regulatory cycle. As noted yesterday, we would love to see an Ant IPO filing.