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Hello reader,
I’ve developed a new respect for ostriches. I no longer fault the bird for the head-buried-in-the-sand metaphors associated with it (though the metaphor itself is misleading).
Having learned more about the all-encompassing term of market risks, I’ve also decided to bury my head in the sand, so to speak. To use the old tree falling in the forest analogy, if I don’t see my portfolio plunge, has it really plunged?
Jokes aside, the Financial Times says that Chinese equities are on course for the biggest monthly gain in almost two years: The CSI 300 Index of Shanghai- and Shenzhen-listed stocks has climbed more than 8% in June.
Besides other factors, Beijing cutting down on quarantine requirements for international travelers has also driven the optimism. While it’s too soon to buy the dip for US and European stocks, US investment firm Invesco says China’s tech stocks are the most attractive in the world.
On the other end of this spectrum lies all the other China-related problems we’ve seen play out, including tightened regulations and Didi’s delisting, which we’ll get into a little bit later.
As my colleague Jenina notes in this week’s Big Story, Southeast Asia’s tech companies could also be mulling what they can and can’t do after the European Union tightened regulations for the region’s firms earlier this year.
This week, we also look at some of the entrepreneurs who’ve made their companies tick – and trip. But the road to recovery for some is shorter than others.
THE BIG STORY
EU tech crackdown a warning shot for SEA’s big tech companies
Image credit: Timmy Loen
Southeast Asia’s big tech companies are safe from the EU’s new regulations for now, but they should start preparing for future challenges.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
2 Eye-popping facts
The one you didn’t see coming
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