Hang Seng Sets Fresh 2023 Lows on Renewed Property Woes Ahead of China’s Golden Week
HKG33 falls to the lowest levels in nearly a year on fresh concerns around China’s troubled real estate market, as the Golden Week approaches
HKG33 falls to the lowest levels in nearly a year on fresh concerns around China’s troubled real estate market, as the Golden Week approaches
The BoJ did not change the ultra-accommodative stance and reiterated the commitment to continue with monetary easing, despite elevated inflation and recent hints towards normalization by its governor
After a constant stream of poor economic data, today’s releases offer a glimmer of hope around China’s faltering recovery, helping HKG33, along with new supporting actions by the central bank
USD/JPY dropped and the 10-year bond yield rose after Bank of Japan Governor Ueda pointed towards an eventual exit form negative interest rates
FXCM’s CHN50 basket offers some suggestion of contrarian price action.
Watch today’s US Open for insights on the US data dump, another poor PMI from China and continued fears around the property market and more
HKG33 falls today as China’s factory activity contracted for fifth straight month and troubled property developer Country Garden warned of default, after massive H1 loss
Chinese stock markets jumped after authorities announced measures to boost capital markets, including a cut in the stamp duty on stock trades
HKG33 is having a bad month with new 2023 lows, but finds support today, helped from the strong quarterly results of Chinese tech giant Baidu
The index made a poor start to the week, after Monday’s timid rate cut by the central bank and overall modest actions to support the failing recovery of the Chinese economy, but rises today
Chinese authorities are trying to prop the frail recovery, but are sticking to modest actions so far and today’s timid rate cut by the central bank was another sign of that
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