Tencent Acquisition Approval Ignites Hong Kong Internet Rally

Trade Data Release Takeaway: Today's release was a strong beat indicating that the global economy is rebounding post-pandemic. It also highlights how intertwined China is in the global economy. Imports from the US increased month-over-month (MoM), though China's imports from the EU are almost double, while imports from Australia increased MoM. Exports to the US and EU also increased month-over-month. The year-over-year percentage changes are very high though we know the percentage change will slow later this year. The release was a catalyst for the Hong Kong market today. Key News Asian equities had a strong day with Hang Seng…