“Two Sessions” Drives Technology & Healthcare Rally, Defending PDD & TikTok, Week In Review

From Forbes:

Asian equities had a positive week with Taiwan leading the region and Mainland China outperforming Hong Kong. Earnings reports from JD.com, Full Truck Alliance, and Bilibili exceeded expectations. The “Two Sessions” important policy meetings continued with positive press conferences from financial oversight agency heads. Technology and healthcare sectors saw gains in Mainland China and Hong Kong. Consumer price and producer price index numbers for China are anticipated. DC’s TikTok ban faces scrutiny, while US tariffs are said to harm American manufacturers. Financial Times’ PDD fraud allegations criticized for lack of verification, highlighting the importance of diversification in investing. Hang Seng and Hang Seng Tech indexes had gains with short turnover decreasing. Mainland China exchanges also saw gains with sectors like Technology and Communication Services leading. Northbound Stock Connect saw foreign investors buying Mainland stocks. Asia Dollar Index gained against the US dollar. Market outlook indicates positive trends in China.



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