CLN KraneShares Key News Asian equities were mixed overnight as Taiwan outperformed the region. CNY had another strong night versus the US dollar, gaining +0.43% to close at 7.136 following the last two days’ gains of +0.66% and +0.39%. CNY had been sitting at the 7.31 level for weeks as the market now believes the US Fed hiking cycle is over. Despite the currency’s gain, neither Hong Kong nor Mainland China could hold onto morning gains as the indices eased over the trading day to close slightly down. The real estate sector gained +2.65% in Mainland China and +1.81% in Hong Kong as Bloomberg News reported a “white list” comprised of fifty real estate developers was being made by policyma
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