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Asian Equities: Holidays and Profit Taking
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Overview
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Asian equities were slightly lower due to holiday closures, flu outbreak, and weighed down by industrial profits. Meituan and Pinduoduo will report Q3 earnings, while November PMIs and MSCI’s Semi-Annual Index Review rebalance trade are upcoming. Real estate stocks were off on profit taking, while technology and health care sectors outperformed.
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How might the flu outbreak impact the overall economic activity in Asia?
How might the profit taking affect the long-term growth prospects of the real estate sector in Asia?
What are the potential implications of Meituan and Pinduoduo's Q3 earnings on the broader market?
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