On big profits. We have comments from j. P. Morgan saying the slide and equities is part of a deeper correction. It is not over if you look at how yields are rising and strength of the dollar. Yen weakness has been kept in check by comments from the finance minister. We are seeing among japanese stocks that have been recovering, extending gains, not for racing losses. Singapore outperforming, you get the sense that those indices are benefiting amid the rout in the sector. Chinese tech is doing well. Divergence between the csi and the hang seng as one Bank Upgrades its call for chinese stocks. Haslinda it is from a low base. Ubs analysts have upgraded china and hong kong to overweight. Cutting taiwan and korea stocks to neutral, lets dig deeper with our equities reporter. Take us through the reasoning behind the move . Guest the key reason behind upgrading is resilient earnings. Msci china is trading at nine times. You look at the estimates there is better than the growth s p is suppose
Operator: Hello, ladies and gentlemen, thank you for standing by for the First Quarter 2024 Earnings Conference Call for XPeng Inc. At this time, all participants are in listen-only mode.
Operator: Hello, ladies and gentlemen. Thank you for standing by for Li Auto s First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.