The wealthy-hating complex is rather strong in China, says Ivan Platonov from EqualOcean. The increasingly negative public opinion about Alibaba is not the only challenge; in fact, it is just the tip of the iceberg.
03 Where next for bond yields?
Traditionally, fixed income has been a diversifying asset class that typically performs well when risk markets such as equities sell off. However, many are questioning whether this approach is still as effective with bond yields so low — and with good reason.
Japan’s Nikkei 225 index slipped 0.72%, Australia’s S&P ASX 200 tumbled 1.34% but Hong Kong’s Hang Seng index edged up 0.16% and China’s CSI300 added 0.18%.
05Trump loyalist attacks Webull
A Congressional hearing on the Reddit-driven volatility in GameStop gave a Trump loyalist politician an opportunity to attack Chinese-owned online broker Webull, which competes with Robinhood, the app at the heart of the retail trading frenzy.
US chemicals giant Celanese declared force majeure on Thursday February 18, saying it was unable to deliver to Asia because of the severe weather conditions in Texas, becoming the latest victim of a storm system disrupting global supply chains.