China Market Update: Alibaba’s Monetization Moves The Stock, Domestic Investors Plead “Jia You”
Asian equities had a strong day despite a stronger US dollar as Japan, Hong Kong, and South Korea outperformed. Meanwhile, Mainland China and the Philippines underperformed, and Thailand was off for a market holiday celebrating His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua’s birthday.