Asian markets were a sea of red except for China’s small gains, while Hong Kong and the Philippines were spared the carnage due to market holidays.
Asian markets were a sea of red except for China’s small gains, while Hong Kong and the Philippines were spared the carnage due to market holidays. Chinese equity markets posted slight gains in renminbi though CNY was off -0.83% versus the US $ closing at 6.72 as the US dollar surges. It was a quiet weekend and Monday except for Premier Li’s speech emphasizing employment against the backdrop of China’s first covid zero policy. It wasn’t exactly a Vince Lombardi halftime motivational speech though he noted, “Promote the healthy development of the platform economy and drive more employment.
