News Snapshot:
Key News Asian equities had a mixed day, as Hong Kong and Pakistan outperformed while India and China were off small. Hong Kong was once again led by internet stocks as the Hang Seng Tech jumped +2.65% versus the Hang Seng Index’s +1.35%. Today’s rally was accompanied by strong volume, up +29% from yesterday, which is a good sign though off from the 1-year average. Jack Ma’s vacation in Spain is being cited as a sign regulation is loosening, though the company’s new chip for its cloud computing business is a more realistic sign. We also have Alibaba’s Singles Day...
