AlibabaRally
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Asian Markets Snapshot
Mostly Positive Momentum
Asian markets are trading mostly higher, buoyed by positive cues from European markets and a lull in Wall Street activity following the U.S. holiday.
Investors also responded favorably to outcomes from the Shanghai Cooperation Organization (SCO) summit, adding stability amid tariff-related uncertainties.
Alibaba Leads the Charge
Alibaba stock surged, powering a rebound in major indices like Hong Kong’s Hang Seng and Shanghai Composite.
Currency & Equity Flows
Indonesia’s central bank is working to stabilize the rupiah, targeting ~16,300 per U.S. dollar. The Jakarta index (JKSE) rebounded 1.17% after previous declines.
#AsianMarkets #AlibabaRally #SCOImpact #MarketRebound #TechBoost
Mostly Positive Momentum
Asian markets are trading mostly higher, buoyed by positive cues from European markets and a lull in Wall Street activity following the U.S. holiday.
Investors also responded favorably to outcomes from the Shanghai Cooperation Organization (SCO) summit, adding stability amid tariff-related uncertainties.
Alibaba Leads the Charge
Alibaba stock surged, powering a rebound in major indices like Hong Kong’s Hang Seng and Shanghai Composite.
Currency & Equity Flows
Indonesia’s central bank is working to stabilize the rupiah, targeting ~16,300 per U.S. dollar. The Jakarta index (JKSE) rebounded 1.17% after previous declines.
#AsianMarkets #AlibabaRally #SCOImpact #MarketRebound #TechBoost
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