Asia stocks poised to gain as investors assess Powell's comments; Hong Kong, China and Taiwan markets closed

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyPowell said it would take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain.

A Tesla short-seller has named two auto stocks that he believes have the potential to deliver 100% upside to investors.The hedge fund manager said that the"Tesla bubble" had created what he called an"anti-bubble" in the auto sector, causing investors to be overly bearish on companies that are actually performing well.

One global autos analyst, however, sees opportunities in investing in Tesla, particularly in the longer term. "Over the past month, the S&P on an equal weighted basis outperformed the overall index, suggesting a broadening of the equity rally, which we expect to widen further as a soft landing materializes," strategist Nicole Inui wrote in a Tuesday note.

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Stocks in China and Hong Kong Sell Off $4.8 Trillion in Market CapitalizationStocks in China and Hong Kong have sold off a massive $4.8 trillion in market capitalization since 2021, surpassing the value of the Indian stock market. Despite a subdued global IPO market, Indian stock exchanges have had the most IPOs in 2023.
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Stocks in China and Hong Kong Lose $4.8 Trillion in Market CapitalizationStocks in China and Hong Kong have lost a massive $4.8 trillion in market capitalization since 2021, surpassing the value of the Indian stock market. Meanwhile, the National Stock Exchange of India has grown and become the fourth largest in the world.
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Stocks in China and Hong Kong Sold Off $4.8 Trillion in Market CapitalizationStocks in China and Hong Kong have experienced a significant decline in market capitalization since 2021, surpassing the value of the Indian stock market. Meanwhile, the National Stock Exchange of India has been growing steadily, becoming the fourth largest in the world.
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