News Snapshot:
Week in Review - China’s GDP grew by +4.9% year-over-year in Q3 versus an estimated 5.1%, according to an official release Monday, as covid lockdowns dampened economic activity. But, consumers moved online as retail sales in September grew by +4.4% year-over-year in September versus and estimated 2.7% - Hong Kong internet stocks rallied this week, especially in Tuesday trading, as China’s currency appreciated versus the US dollar, with an especially big move on Tuesday. - Jack Ma was reported to be on vacation in Spain on Wednesday as Hong Kong internet stocks continued their rebound. - Alibaba’s Singles’ Day sales...
