Massive inflows into Korean stocks have some cross-border ripple effects...
The Korean momentum kamikazes dumped bitcoin, dumped gold, dumped silver, dumped anything that did not have upward momentum and piled into Korean memory stocks at a record pace. Source: BofA, zerohedge
Japan’s prime minister Sanae Takaichi has led her party to a crushing victory in Japan’s snap general election on Sunday
Japan’s Prime Minister Sanae Takaichi won a landslide election, securing a two-thirds majority that enables major reforms. Her agenda includes strong economic stimulus, tax relief on food, increased tech investment, and possible constitutional change. Markets welcomed the political stability, pushing Japanese stocks to new highs.
Markets in Asia are getting shredded on Monday.
Indonesia and Korea down over 5% each; commodities tossed out the window Source: David Ingles
South Korea is going to allow 2x single stock ETFs.
This is an effort to bring in more retail money which is largely in US stocks. This comes after the government said you have to take a training course... Source: Eric Balchunas, Bloomberg
🇯🇵 For Japanese investors, domestic JGBs are now more attractive than hedged foreign bonds from a yield perspective.
Source: Augur Infinity @AugurInfinity on X
All semiconductors stocks say thank you Taiwan Semiconductors TSM
Source: Trend Spider
Iran's currency has completely collapsed.
Source: Max Crypto, TradingView
Japan’s 30y govt bond yield jumped 10bps to 3.50%, its highest level since at least the 1990s.
The move comes amid growing speculation that PM Sanae Takaichi may dissolve parliament as early as next month, following reports in local media. Source: Bloomberg, HolgerZ
