Holy cow...
Look at the Japanese 30Y 😨 Source: TXMC on X
No, this isn’t a crypto meme coin…
It’s the Japanese stock market. Source: Geiger Capital
Vietnam is by far the worst-hit market in Asia today
Index is down 5.5%, worst day in over 4 years. Volumes are nearly 300% the recent average. Source: David Ingles @DavidInglesTV
Japan | Tokyo inflation exceeds forecasts, keeping BOJ on rate hike path
- Bloomberg
👉 The Bank of Japan held interest rates on Wednesday as the rising risk of a global trade war and potential downturn in the US weighed on Japan’s hope for a sustained economic revival.
👉The unanimous decision, which came at the conclusion of a two-day meeting of the Japanese central bank’s policy board, left the short term policy rate at about 0.5 per cent. 👉The result was widely forecast by economists and had been priced in by markets, according to traders. 👉In a statement accompanying the decision, the BoJ warned that “high uncertainties” remained around Japan’s economic activity and prices. The central bank made particular reference to the “evolving situation regarding trade and other policies in each jurisdiction”. Source: FT
Investors expect European countries to purchase more military equipment from Asia after Donald Trump threatened to withdraw the US’s security umbrella.
Link >>> on.ft.com/4iC5Fby Source: FT, Bloomberg
Mainland Chinese money came flooding into HK markets today
Investors bought up a record amount of stocks in Hong Kong where the large tech giants are listed. Source: Bloomberg, David Ingles
Japan 40Y bond yield hits highest in history.
Eventually markets will remember that Japan has to roll over the world's biggest debt load ever assembled. Source: Bloomberg, www.zerohedge.com
