Photographer: Yan Cong/Bloomberg © 2021 Bloomberg Finance LPKey NewsAsian equities were mixed as China, Australia and India outperformed while Japan, Hong Kong, Taiwan and SE Asia were off. Xpeng ( XPEV and 9868 HK) relisted on the Hong Kong Exchange closing flat. Hong Kong listed Chinese internet stocks were off following yesterday’s US downdraft on Didi. He said many Chinese institutional investors are very interested in the China internet space due to the compelling valuation of the US and Hong Kong listed companies. Southbound Stock Connect volumes were moderate/high as mainland investors bought $229mm of Hong Kong stock today as Southbound Connect accounted for 14.1% of Hong Kong turnover.

Source: Forbes July 07, 2021 15:45 UTC