KelvinChin
voted
Columns The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)
The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
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KelvinChin
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The first half of 2024 has been a promising period for my investment portfolio, despite its heavy tilt towards Chinese and Singaporean stocks. With a performance of 9.20% , my portfolio has outpaced the $Hang Seng Index(800000.HK$, the $CSI 300(LIST20861.HK$, and the $FTSE Singapore Straits Time Index(.STI.SG$, though it fell short of the remarkable gains seen in the US markets, particularly the $S&P 500 Index(.SPX.US$ and the $Nasdaq(NDAQ.US$. Of cours...
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KelvinChin
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$Apple(AAPL.US$'s options volume surged past that of $NVIDIA(NVDA.US$, tracking the iPhone maker's stock rally that widened its lead in market capital over the manufacturer of chips that power artificial intelligence.
Shares of iPhone maker climbed above $200 for the first time ever, taking its market capital to $3.1 trillion after the world's second most valuable company on Monday unveiled its "Apple Intelligence." ...
Shares of iPhone maker climbed above $200 for the first time ever, taking its market capital to $3.1 trillion after the world's second most valuable company on Monday unveiled its "Apple Intelligence." ...
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KelvinChin
voted
The US CPI for May 2024 will be released on Jun 12, 2024 at 8:30 a.m. Eastern Time.
That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and adios!
That's all for today, and always remember to DYODD (Do your own due diligence) when making any kind of investment.
Thank you and adios!
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KelvinChin
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$SIA(C6L.SG$ Master, this is a real expert. I don't know how many chives have been cut in 2 days.
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KelvinChin
voted
$Hang Seng Index(800000.HK$
This seems like year after years of 20 plus percent drops. How much long can this last? is this over yet?
Give the gold rush in China this past weekend great pain might still be ahead!
This seems like year after years of 20 plus percent drops. How much long can this last? is this over yet?
Give the gold rush in China this past weekend great pain might still be ahead!
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KelvinChin
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$Hang Seng Index(800000.HK$ Finance|Foreign Direct Investment in China Declines 82% YoY to Lowest in 30 Years in 2023
Data released yesterday (18th) by China's National Foreign Exchange Administration showed that foreign direct investment (FDI) to China in 2023 was $330 billion, down 82% from 2022, the lowest level since 1993.
While FDI rose by $175 billion quarter-on-quarter in the fourth quarter, it was still down by one-third compared to the same period in 2022.
Data released earlier by the Ministry of Commerce showed that China's actual use of foreign capital fell to the lowest level in three years last year.
Bloomberg quoted economists as saying that the bureau's data measure net flows, which can reflect profit trends in foreign firms and changes in the size of Chinese businesses.
Japan-Asia reported that the massive outflow of foreign funds, in addition to the weak Chinese economy, has been linked to the Mainland's emphasis on national security, including the introduction of the anti-espionage law, which has allowed more and more foreign funds to leave China.
Data released yesterday (18th) by China's National Foreign Exchange Administration showed that foreign direct investment (FDI) to China in 2023 was $330 billion, down 82% from 2022, the lowest level since 1993.
While FDI rose by $175 billion quarter-on-quarter in the fourth quarter, it was still down by one-third compared to the same period in 2022.
Data released earlier by the Ministry of Commerce showed that China's actual use of foreign capital fell to the lowest level in three years last year.
Bloomberg quoted economists as saying that the bureau's data measure net flows, which can reflect profit trends in foreign firms and changes in the size of Chinese businesses.
Japan-Asia reported that the massive outflow of foreign funds, in addition to the weak Chinese economy, has been linked to the Mainland's emphasis on national security, including the introduction of the anti-espionage law, which has allowed more and more foreign funds to leave China.
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KelvinChin
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Hello Mooers! As we eagerly anticipate the arrival of the Lunar New Year, it's a time of festivity, and reflection, and also an intriguing period for the financial markets. Let's dive into what this auspicious season might hold for the Malaysian stock market. 🌟🧧🐲
Looking back at the data from the past 24 years (1999-2022), it's interesting to note:
In the week leading ...
Looking back at the data from the past 24 years (1999-2022), it's interesting to note:
In the week leading ...
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KelvinChin
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