China Market Update: CPI Shows Consumption Green Shoots, US-China Officials Meet In London
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Asian equities started the week on a strong note as Hong Kong and South Korea outperformed, while Australia was closed for the King's Birthday and Indonesia and Pakistan were closed for Eid al-Adha.
Both Hong Kong and Mainland China opened higher and continued to gain throughout the session. Trading volumes in Hong Kong were robust, with growth and technology stocks leading the advance, while coal and precious metals underperformed.
A few notable developments:
Overall, Asian markets are showing signs of renewed momentum, with growth and technology sectors leading the way, and policy support continuing to provide a backstop. As always, knocking on wood.
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