January 20, 2021

The Asia Pacific region closed mostly higher with China outperforming. China continues to see impressive southbound flow, buoying stocks on the U.S. blacklist, among others. Thematically, alternative energy baskets/decarb/hydrogen are the best performing. Hong Kong-listed shares of Chinese tech juggernaut Alibaba surged over 8% following the reappearance of founder Jack Ma. North American stock markets added to early strength to close the session higher, led by a resurgence in mega-cap tech and FANG names after a strong earnings report from Netflix, which saw its biggest daily gain in over four years. Interest rates were flattish, along with the dollar. The Loonie saw modest buying interest after the Bank of Canada left rates unchanged and said CPI inflation has been stronger than expected in its January policy report.


* Nikkei -0.38%

* Shanghai Composite +0.47%

* Hang Seng +1.08%

* DAX +0.77%

* FTSE +0.41%

* CAC +0.53%

* DJIA +0.83%

* S&P 500 +1.39%

* Nasdaq +1.97%

* Russell 2000 +0.33%

BSD Global Tech Hedge Fund +0.24%

After Market Movers: 

* PLXS Reports Q1 $1.23 v $1.11e, Rev $830M v $830Me; +3% afterhours 

* KMI Reports Q4 $0.27 v $0.24e, Rev $3.12B v $3.06Be; +2% afterhours 

* UMPQ Reports Q4 $0.68 v $0.50e, Rev $359M v $335Me; -1% afterhours 

* AA Reports Q4 $0.26 v $0.15e, Rev $2.39B v $2.35Be; -3% afterhours