Asian Midday Marketwatch with Vishnu Varathan.
He gives his insights on regulatory concerns in China continue to weigh in on markets including :-
- Alibaba dropped 3.04% following a Financial Times report that Beijing wants to break up Ant Group’s Alipay and force the creation of a separate loans app.
- Chinese electric vehicle stocks fell after the country’s industry minister said consolidation in the sector is needed as there are “too many” EV makers in China.
- Chinese property developer Soho China plunged 34.86%. Blackstone decided not to go through with its US$3 billion bid to buy the Soho China.
Vishnu also talks about events and data points this week that may move markets.
Guest: Vishnu Varathan, Head of Economics and Strategy at Mizuho Bank
Presenter: Brian Fernandez
Catch Asian Midday Marketwatch everyday at 1 pm. For more click here.