News Snapshot:
Key News Asian equities were mixed, but mostly higher overnight as Mainland China continues to lead Asian index gains this week. Internet names and growth stocks generally made a comeback in Mainland China overnight on strong volumes, after seeing some pressure in yesterday’s session. Mainland investors piled into Tencent and Meituan overnight via Southbound Stock Connect buying a net HKD 1.5 billion and 1.2 billion worth of stock in the two internet companies, respectively. It appears that Bytedance may go through with its much-anticipated IPO on the Hong Kong Stock Exchange. The internet company runs the popular video social media...
