AlibabaKey NewsAsian equities were mixed with Japan, Singapore, Malaysia, and Thailand outperforming while Mainland China and Taiwan lagged. Mainland China was a similar story as outperforming sectors were hit, though mid and small caps outperformed. A day after foreign investors bought $2.97B of Mainland stocks, they trimmed -$620mm. The question is: does a rising US yield curve take the wind out of non US growth stocks? Southbound Stock Connect volumes were high as Mainland investors sold $150mm of Hong Kong stocks as Southbound trading accounted for 10% of Hong Kong turnover.

Source: Forbes November 10, 2020 15:33 UTC