Nikkei is DOWN -4% following Ishiba's victory
The background: On Friday (after the close of Japan's markets) Ishiba, a 67-year-old former defence and agriculture minister, was elected LDP president on his fifth attempt and will succeed Fumio Kishida as Japan’s prime minister after a parliamentary vote on October 1 Immediately after Ishiba’s victory was declared on Friday, the yen surged more than 1 per cent against the dollar on market perceptions that he would not resist efforts by the Bank of Japan to normalise monetary policy and to push ahead with interest rate increases. Japanese equities had risen earlier on Friday amid expectations that one of Ishiba’s more market-friendly rivals would win. But Nikkei 225 now slumps more than 4 per cent as a response to the stronger yen.
🚨 Has China cured Type 1 diabetes?
That would be a huge news...
Technical analysis applied to China stocks 🤣
Source: CN Wire
Many investors consider the KraneShares CSI China Internet ETF $KWEB as the best instrument to get exposed to China.
Here is the breakdown of this ETF. Do you invest in China?
Hilarious. $BABA
Source: TrendSpider
China keeps giving. Another rate cut today >>>
*PBOC CUTS 14-DAY REVERSE REPO RATE TO 1.65% FROM 1.85% Meanwhile, Chinese stocks going vertical Source: Bloomberg, David Ingles
David Tepper, who runs the $6 billion hedge fund Appaloosa Management, is growing even more bullish on Chinese stocks amid the nation's new fiscal stimulus measures.
Tepper views China's stock market as more attractive than the US stock market due to valuation differences. Source: Markets Insider
GS: China ... Better late than never..
A package of policy stimulus spanning across the monetary policy cohort, and the housing and stock markets was announced on Sep 24 Source: Goldman Sachs through Mike Zaccardi, CFA, CMT, MBA
