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China Market Update: Mainland Surges On Biden Win, Renminbi Outperforms

Hong Kong had strong volumes that were 140% of the 1-year average as volume leaders were Tencent +1.3%, Alibaba HK +2.91%, Xiaomi +1.79%, Meituan Dianping +2.57%, Semiconductor Manufacturing +2.49%, Ping An +2.69%, Sunny Optical +8.1%, and Geely Auto +0.72%.
SHANGHAI, CHINA - NOVEMBER 04: A man walks by Shanghai Stock Exchange on November 4, 2020 in ... [+] Shanghai, China. (Photo by Wang Gang/VCG via Getty Images) VCG via Getty Images

Key News

Markets do not like uncertainty and Biden's win eliminates a big one, fueling a big rally overnight in Asia, accompanied by strong volumes. Unfortunately, Pfizer's PFE positive vaccine news came after Asia's markets had closed. As the middle person in global trade, China's strong trade data helped the region as well. Hong Kong and Mainland China had a strong day on the belief President Biden will engage with China versus President Trump's confrontational style. Hong Kong and Mainland technology, 5G, and telecom stocks all performed well under this assumption.

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Eklektyczne znaleziska dla kazdego

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Specialist Removal Firm in Bangalore Will Make Sure of Painless Relocation

Most Beneficial Tips for Making Residential Shifting Easier

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How to Combine SEO with Content Marketing

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China Market Update: Mainland Surges On Biden Win, Renminbi Outperforms

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