OMG....satik Big Shot Si tio sabo by Tiongkok market and Huat Big Big liao

[k1976]

https://www.google.com/amp/s/amp.sc...flee-wrong-way-bets-china-japan-stock-markets

Big mistakes’: Singapore hedge fund to shut after investors flee on wrong-way bets on China, Japan stock markets​

• Asia Genesis to shut macro fund after stock slump in Hong Kong, rally in Japan wrong-footed veteran managers
• ‘I have reached the stage whereby my confidence as a trader is lost,’ founder and CIO says in letter to investors seen by the Post

 

[k1976]

Singapore hedge fund Asia Genesis Asset Management is closing down its flagship macro fund as investors bolted after its managers made “big mistakes” and lost confidence following wrong-way bets on Chinese and Japanese stocks.


The fund said it would return money to investors as it was the logical and prudent way forward to avoid incurring further losses, according to a letter to fund investors seen by the Post. Genesis suffered an unprecedented withdrawal of about 19 per cent of its fund in the first few weeks this month.


“We made big mistakes in the recent sharp Nikkei and Hong Kong moves, which went in opposite directions,” Chua Soon Hock, founder and chief investment officer, said in the letter. “I am astounded by the incredible Nikkei-Hang Seng spread that priced Chinese versus Japanese stocks at the same value as in 1991, despite current economic realities.”


The Hang Seng Index has tumbled more than 12 per cent this year up to January 22 to a 15-month low, while the broader market lost US$439 billion of market value, according to Bloomberg data, while the Nikkei 225 shot past a 34-year high. Overall, the Nikkei 225 has outperformed the Hang Seng Index by 64 percentage points in total returns since the start of 2023.

 

[k1976]

The firm declined to comment. Chua did not immediately reply to a phone call and text message for comment. Bloomberg reported the fund’s closure earlier on Tuesday.


Chua, in an interview with the Post last month, called stocks in Hong Kong a “once-in-a-lifetime” opportunity to generate big upside. He added that the local stock market had priced in all the bad news, and that “risk reward is the best I have seen in 40 years of investing and trading.” Instead, the market slumped further.

We made another mistake by trying to pick the bottom of the Hang Seng and the Hang Seng Tech indices,” he said in the letter to investors. “I still do not understand the inconsistency of China policymakers not fighting against deflation, leading to the continued loss of market confidence and prolonged bear market.”

 

[k1976]

Market valuation has also eroded by 56 per cent in terms of price-earnings multiple and fundraising across markets in Hong Kong and China markets has shrunk by 58 per cent, the US investment bank added.


“I have reached the stage whereby my confidence as a trader is lost,” Chua told investors in the letter on its immiment closure.


“The recent tough trading – October, November, December 2023 followed by a disastrous January 2024 – has proven that my past experience is no longer valid and instead, is working against me,” he added. “I have lost my knowledge, trading and psychological edge.”



https://www.scmp.com/business/marke...g-way-bets-china-japan-stock-markets#comments

 

[k1976]

https://www.financeasia.com/article...s-weather-8220bull-and-bear-decade8221/483187

 

[k1976]

China Weighs Stock Market Rescue Package Backed by $278 Billion​

• China considers offshore money for stabilization fund: sources
• Some policy measures could come as soon as this week

By Bloomberg News
January 23, 2024 at 9:57 AM GMT+8
Updated on
January 23, 2024 at 10:44 AM GMT+8


Chinese authorities are considering a package of measures to stabilize the slumping stock market, according to people familiar with the matter, after earlier attempts to restore investor confidence fell short and prompted Premier Li Qiang to call for “forceful” steps.

Policymakers are seeking to mobilize about 2 trillion yuan ($278 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilization fund to buy shares onshore through the Hong Kong exchange link, said the people, asking not to be identified discussing a private matter.

They have also earmarked at least 300 billion yuan of local funds to invest in onshore shares through China Securities Finance Corp. or Central Huijin Investment Ltd., the people said.
https://www.bloomberg.com/tips/

 

[k1976]

Good times ahead?
V-shape rebound coming?

Will miss any boat?

 

[k1976]

Markets

India Tops Hong Kong as World’s Fourth-Largest Stock Market​

• South Asian nation remains an investor darling in the new year
• China’s economic struggles have stymied growth in Hong Kong

By Ashutosh Joshi
January 23, 2024 at 9:28 AM GMT+8
Updated on
January 23, 2024 at 1:17 PM GMT+8

India’s stock market capitalization has overtaken Hong Kong’s for the first time as the South Asian nation’s growth prospects and policy reforms make it an investor darling while global capital pours out of China.

The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to data compiled by Bloomberg. That makes India the fourth-biggest equity market globally. Its value crossed $4 trillion for the first time on Dec. 5, with about half of that coming in the past four years.

 

[k1976]

Markets

Asia Stocks Mostly Advance as China Rally Resumes: Markets Wrap​

• China shares jumped on news of market rescue package
• Yen extended gains after BOJ chief commented on price outlook

The Tokyo Stock Exchange in Tokyo, Japan.
Photographer: Akio Kon/Bloomberg
By Divya Patil and Winnie Hsu
January 23, 2024 at 6:35 AM GMT+8
Updated on
January 23, 2024 at 3:11 PM GMT+8
Save
Asian shares mostly rose as mainland Chinese stocks rejoined a broader rally on news of a fresh market rescue package. The yuan also extended gains.
A gauge of Chinese firms listed in Hong Kong jumped 3.2%, with the CSI 300 onshore benchmark erasing earlier losses to add 0.4%. Authorities are seeking to mobilize about 2 trillion yuan ($278 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilization fund to buy shares onshore, according to people familiar with the matter.

 

[k1976]

https://www.google.com/amp/s/www.cn...tion-and-rock-bottom-consumer-confidence.html

It's really bad': China strategist warns of deflation and rock-bottom consumer confidence​

PUBLISHED MON, JAN 22 2024 6:06 PM EST

Ruxandra Iordache
@RMIORDACHE
WATCH LIVE

KEY POINTS

• "I've been in China for 27 years, and this is probably the lowest confidence I've ever seen," Shaun Rein, founder of the China Market Research Group, told CNBC Monday.
• He forecasts that China will experience "another 3-6 months minimum of a very painful economy."
• The world's second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.

 

[Papsmearer]

https://www.google.com/amp/s/amp.sc...flee-wrong-way-bets-china-japan-stock-markets

Big mistakes’: Singapore hedge fund to shut after investors flee on wrong-way bets on China, Japan stock markets​

• Asia Genesis to shut macro fund after stock slump in Hong Kong, rally in Japan wrong-footed veteran managers
• ‘I have reached the stage whereby my confidence as a trader is lost,’ founder and CIO says in letter to investors seen by the Post

OMG, this TS incoherent thread title proves he is a retard

 

[k1976]

OMG, this TS incoherent thread title proves he is a retard

Aiyah, u just read lah

I am bringing out the animal spirits hidding deep insai those so-call "miss the boat bros"..

 

[k1976]

OMG, this TS incoherent thread title proves he is a retard

U must bring out the hunger for success and good daring animal spirits to save the falling markets de woh

 

[k1976]

Any insai story , want to share with us?

 

[k1976]

https://www.google.com/amp/s/www.co...9k-as-crypto-bulls-see-230m-liquidations/amp/


Is this the trigger point for recent Bitcoin Plunge?

 

[k1976]

Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations​

Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%.​

By Shaurya Malwa

Jul 4, 2024, 5:52 AM
Updated Jul 4, 2024, 7:55 AM

• Fears of sell pressure from Mt. Gox repayments and possible miner sales led to bitcoin dropping below $59,000, with major tokens like ether and Solana's SOL also declining.
• Trading firm QCP Capital anticipates a subdued market in the next quarter due to uncertainty around the Mt. Gox bitcoin supply release.
  
  
  Fears of looming selling pressure on bitcoin (BTC) from defunct exchange Mt. Gox and possible miner sales pushed the largest cryptocurrency to under $59,000 on Thursday for the first time since late April.
  Mt. Gox will start distributing assets stolen from clients in a 2014 hack in July 2024, after years of postponed deadlines. The repayments will be made in bitcoin and bitcoin cash (BCH), and could add selling pressure to both markets, as previously reported.
  
  
  
  
  
  BTC lost 3.3% in the past 24 hours, CoinGecko data shows, with the sell-off beginning shortly after Tokyo equity markets opened for trading. Major tokens declined amid the BTC weakness: Ether (ETH) slumped 4%, while Solana’s SOL and dogecoin (DOGE) fell as much as 8%.
  
  
  
  
  
  
  
  

 

[k1976]

https://www.google.com/amp/s/amp.sc...ina-made-products-protect-domestic-industries

Indonesia plans tariffs of up to 200% on China-made products to protect domestic industries​

• An influx of Chinese-made products has hurt Indonesia’s textile industry as companies struggle with lay-offs and revenue loss

President Joko Widodo convened his economic ministers at the Presidential Palace on Tuesday to discuss the tariffs, which are likely to be announced “in two weeks”, according to Industry Minister Agus Gumiwang Kartasasmita.


The tariff plan was first revealed by Trade Minister Zulkifli Hasan last week.


“The United States can impose a 200 per cent tariff on imported ceramics or clothes, we can do it as well to ensure our MSMEs [micro, small, and medium enterprises] and industries will survive and thrive,” Zulkifli told reporters on Friday.

 

[k1976]

https://asia.nikkei.com/Editor-s-Pi...-Japan-social-media-fire-burns-out-of-control

Analysis: Tragedy shows China's anti-Japan social media fire burns out of control​

Other stabbings reflect a society that cannot vent its social and economic frustrations
KATSUJI NAKAZAWA, Nikkei senior staff writerJULY 4, 2024 04:00 JST

Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

Japanese and other foreign residents in China have been targeted for assaults recently. One incident took place at a school bus stop in Suzhou, Jiangsu Province.

 

[k1976]

https://www.wsj.com/tech/the-underground-network-sneaking-nvidia-chips-into-china-f733aaa6

SINGAPORE—A 26-year-old Chinese student in Singapore was packing suitcases last fall to return home for vacation. Besides his clothes and shoes, his luggage included six of Nvidia’s NVDA 4.57%increase; green up pointing triangle advanced artificial-intelligence chips.

A connection from college asked him to bring the chips because the U.S. restricted their export to China. Each chip was roughly the size of a Nintendo Switch game console, and the student didn’t flag any suspicions at the airport.

 

[k1976]

https://www.tomshardware.com/tech-i...tions-some-smugglers-even-sell-entire-servers


Despite U.S. restrictions aimed to limit access of China-based entities to advanced AI and HPC processors, a network of buyers, sellers, and couriers is bypassing the U.S. export controls on Nvidia's processors crucial for training AI systems. Over 70 distributors openly advertise these chips online, with many promising delivery in weeks and some even selling entire servers, reports the Wall Street Journal.



Last fall, a 26-year-old Chinese student smuggled Nvidia AI processors from Singapore to China. The student packed six Nvidia compute cards (or modules) alongside his personal belongings. Each add-in-board, about the size of a Nintendo Switch, somehow went unnoticed at the airport. He declared the value at $100 per card, a small fraction of their underground market value, and yet it didn't raise any suspicion neither in Singapore (which is not interested in smuggling advanced technology to China) nor in China (which is interested in getting advanced technology but is also interested in getting import duties).



The WSJ claims that the student's activity is part of a broader, loosely concealed operation to evade restrictions imposed by the U.S. government. Nvidia's AI processors are in high demand as the company's CUDA framework is particularly popular in China's AI space, both among academia and commercial developers. As a result, over 70 distributors advertise these restricted processors online, with many verified sellers claiming to have dozens available each month. These sellers address both startups and research institutions with relatively limited needs, offering preorders and promising deliveries within weeks. Some of them even offer servers with eight Nvidia processors inside for $300,000, the report claims.

Chinese sellers typically charge a premium for these chips, but prices have recently decreased due to increased supply and less panic buying. While the exact size of this underground market remains unknown, it is considered relatively small compared to the overall market.