China Market Update: Happy Days Are Here Again
CLNKraneSharesKey NewsAsian stocks surged overnight on easing United States–China geopolitical tensions, a weaker United States dollar, and renewed optimism for further interest rate cuts by the Federal Reserve.The Hang Seng and Hang Seng Tech indices broke their seven-session losing streak, each rebounding strongly after both had previously set a 52-week high on October 2. Market breadth was robust, with all industry sectors positive, completely reversing yesterday’s declines, and trading volume rose to 13 ...