As you track the Emerging Money China Intenet Index (EMCHI), we highlight news from key component, Tencent.
Major Asian markets finished higher in Tuesday trading as technology M&A activity appears to be on the rise. Asian markets were also boosted by rumors of monetary policy easing in both the United States and Europe.
So the Facebook IPO is wobbling a little — not really the thunder the market needed — and traders are looking for the aftershocks. We’re leading off with emerging markets stocks with exposure to the social media theme on tonight’s Trading the Globe (7:30 ET, CNBC).
Analysts and investors may be worried about the state of the Chinese economy, but China’s leading internet companies seem to be in no danger of a hard landing.