Asian Midday Marketwatch – China concerns to weigh down markets

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.