Alibaba's Taobao Launches 3D Shopping App for Apple's Vision Pro - A New Era for Online Retail in China

Alibaba Group Holding Ltd has introduced a novel shopping application for Taobao, China's largest online market. The application is designed for Apple's Vision Pro mixed-reality headset. The app offers users a more immersive view of items in 3D and is compatible with the $3,499 headset.

Asian markets in red with a wave of risk-off sentiment

Asian markets in red with a wave of risk-off sentiment. Japan's inflation ticks lower to 2.7%, meeting expectations. Malaysia's economy expanded 3.9% Y/Y in Q1 2024. Wall Street ended mixed on Thursday. U.S. Stock futures in red on Friday.

Asian equity markets rebound as investors shrug off another tech-led selloff on Wall Street

Asian equity markets rebound as investors shrug off another tech-led selloff on Wall Street. Japan's yen stabilized near 154 per dollar as the US acknowledged "serious concerns" over a rapidly weakening yen. U.S. Stock futures rose on Thursday after the S&P 500 and Nasdaq Composite posted their 4th straight day of losses.

Emerging Markets - A Changed Asset Class?

Investors have traditionally considered emerging markets to be riskier than developed markets. Recent data point to significant changes in EM fixed income and equity markets. EMs remain resilient during recent DM hiking cycle. EM growth is not as dependent on China as it used to be. Investors may be getting more attuned to these shifts.

Asia markets mixed, mirroring global sentiment after Powell remarks

Asia markets mixed, mirroring global sentiment after Powell remarks. Japan's trade balance swings to surplus in March as exports surge. U.S. Stock futures were mixed on Wednesday as first quarter earnings season kicks into high gear. All three major Asian markets ended mixed on Tuesday. Investors remain vigilant amid ongoing tensions in the Middle East.

China's First Quarter 2024 GDP Beat Forecasts As Investment Picks Up

Asia markets in red tracking global stock selloff and despite strong GDP growth in China

Asia markets in red tracking global stock selloff and despite strong GDP growth in China. China's Q1 GDP expands 5.3% Y/Y, beats expectations. Retail sales rose more than expected in March, suggesting interest rates may stay steady. China reports air passenger numbers +37.7% in Q1 2024.

China's Q1 GDP expands 5.3% Y/Y, beats expectations

China's Q1 GDP expands 5.3% in the first quarter from a year ago, beating expectations for a 5% growth. Lunar New Year festival also helped buoy consumer spending. The Chinese economy grew by a seasonally adjusted 1.6% in Q1 of 2024.

Weekly Report: what happened at PGJ last week (0408-0412)?

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery

PBOC keeps one-year medium-term lending facility rate steady at 2.5% to aid economic recovery. People's Bank of China kept the rate on CNY 100 billion worth of one- year policy loans to some financial institutions. The central bank drained a net CNY 70 billion of cash from the banking system in April.

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel

Asia markets in red as tensions in the Middle East mounted after Iran attacked Israel over the weekend. Japanese machinery orders beat expectations for February. China's People's Bank of China kept its lending rate at 2.5%. All three major Asian markets ended in red on Friday.

PGJ: Downgrading To Hold

The Invesco Golden Dragon China ETF has slightly outperformed the S&P500 returns since late January. The recent economic data in China shows an uneven dynamic of key indicators. I downgrade my rating for the PGJ ETF to Hold and get slightly more cautious on the economic outlook for China.

Weekly Commentary: Trouble Brewing In Financial Asset Wonderland

Doug Noland: The Fed's misguided dovish pivot unleashed precariously loose market conditions. He says the market is in the midst of a bubble. He argues that Bubbles can inflate to unimaginable extremes - and then quadruple. Noland says the late-cycle fear of Bubbles is missing out on the reality.

China's trade surplus smaller than expected as exports drop more than imports

China's trade surplus smaller than expected as exports drop more than imports. Exports shrank by 7.5% in March 2024 from $78.43 billion in the same period a year earlier. Market forecasts of $70.2 billion were far below market forecasts.

Asia markets mixed ahead of trade data in China and bank earnings

What's Going On With Alibaba Stock Thursday?

Alibaba co-founder Jack Ma expresses solidarity with the company's restructuring. Ma urged employees to keep up with artificial intelligence technology. The 59-year-old Ma has been out of the public eye since his departure as CEO of Ant Group in 2019. Alibaba stock continues to rise on the report.

Asia markets mostly negative after U.S. inflation hotter than expected, China CPI slows

Asia markets mostly negative after U.S. Inflation hotter than expected, China CPI slows. China's consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4%. Japan -0.35%, China +0.23%. Exports from the Philippines climbed at fastest rate since October 2022.

China's inflation rate rises at a slower pace than expected

China's inflation rate rises at a slower pace than expected. Consumer prices edged up 0.1% Y/Y in March 2024, compared with market forecasts of 0.4%. Monthly, the CPI decreased 1.0%, the first fall in four months. The notable slowdown came as the effects of the Lunar New Year waned.

PGJ: Good Fund But Heavily Concentrated In China Consumer Plays

Invesco Golden dragon China ETF tracks the Nasdaq Golden Dragon China Index and offers exposure to Chinese companies. The fund's top holdings include Alibaba, Yum China, Baidu, NetEase, and JD.com. China may be bottoming out and could be a strong contrarian trade for investors.

Implied PGJ Analyst Target Price: $34