HKG33 Rallies on New Chinese Stimulus
The Chinese central bank announced a series of measures to support the economy and stock markets, sending HKG33 to one of its best days of the year
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The Chinese central bank announced a series of measures to support the economy and stock markets, sending HKG33 to one of its best days of the year
Unlike the last decision that had caused the stock market to plunge, today's cautious pause by the Japanese central bank, saw muted JPN225 reaction and weekly gains
After a strong performance last month, HKG33 starts September with a fall to critical tech levels as manufacturing PMI contracted further
The revenue surge of Xiaomi partly due to the successful EV entry provides support to HKG33 and helps it look overcome the Walmart JD stake sale, but technical hurdles loom
HKG33 rebounded after the poor weekly start, but trades with caution ahead of key resistance cluster, despite an acceleration in Chinese inflation
The Japanese index unraveled due to the BoJ rate hike and Yen rebound, but stages a rebound helped by dovish comments from BoJ officials
A severe downturn hit U.S. tech megacaps on Monday, with Nvidia, Apple, and Amazon leading a $1 trillion loss in market capitalisation. Japan's Nikkei 225 suffered its worst drop since 1987, while Bitcoin declined by 11%. The yen's unexpected strength and recession fears contributed to market instability. However, Japanese markets rebounded strongly on Tuesday, recovering over 9%, supported by a recent Bank of Japan rate hike. Other Asia-Pacific markets also…
Global markets are volatile, with the Nasdaq and Nikkei experiencing significant drops. Weak U.S. jobs data and central bank policies are fueling recession fears. Safe-haven assets are rising, and analysts caution that while recent market corrections may offer opportunities, the situation remains uncertain.
The central bank of Japan took more decisive action towards tighter monetary setting, as it announced the second rate hike of this cycle and a plan to reduce asset purchases
The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses
The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows
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