Serious Tiongland retail completely collapsed!

[Pinkieslut]

 

[rushifa666]

Wumao suddenly alll quiet

 

[k1976]

Japan's stock rout shows a 'fundamental shift' is underway, Goldman Sachs' equity strategist says​

Published Fri, Aug 2 2024 1:01 AM EDTUpdated 2 Hours Ago

Lim Hui Jie
WATCH LIVE

KEY POINTS

• The Nikkei 225 tumbled 5.81%, marking its worst day since March 2020, and dropping below 36,000 mark for the first time since January.
• The broader Topix saw a larger loss of 6.14%, marking its worst day in eight years.
• Speaking to CNBC's 'Squawk Box Asia,' Bruce Kirk, chief Japan equity strategist at Goldman Sachs said that the Japanese market rally has reached a 'transitional phase.'

 

[k1976]

 

[laksaboy]

Retail simi lanjiao? Just be North Korea 2.0. Close all the ports and borders.

 

[k1976]

 

[k1976]

Global stock markets slump amid US growth fears – business live​

Live coverage of business economics and financial markets as weak manufacturing data and weak earnings from Amazon and Intel spook economists


Checking in a mid-morning, and every major stock market index in Europe is down on Friday.
Germany’s Dax is down 1.1%, while Italy’s FTSE MIB is down 1.2%.

The FTSE 100 is faring somewhat better, down by only 0.3%. That is likely in part down to the Bank of England’s decision on Thursday to cut interest rates.

The mid-cap FTSE 250 index yesterday hit its highest level since February 2022 before getting caught up in the global stock rout. FTSE 250 shares are down by 1.2% today.
August is so far off to a bad start”, said Russ Mould, investment director at AJ Bell, an investment platform.
The prospect of interest rate cuts might usually be a good thing for share prices, as the cost of borrowing falls. But before that, investors need to price in that lower interest rates reflect weaker economic activity, in the endless cycle of monetary policy.
Mould said:

An economy going through a bad patch is one catalyst for a central bank to cut rates and hopefully stimulate activity. This thought process is likely to be at the top of the agenda for the Fed this week after shocking US economic data that featured bigger than expected jobless claims and contraction in manufacturing. The narrative has changed from rate cuts equating to good news to rate cuts meaning measures to avoid recession.

one catalyst for a central bank to cut rates and hopefully stimulate activity. This thought process is likely to be at the top of the agenda for the Fed this week after shocking US economic data that featured bigger than expected jobless claims and contraction in manufacturing. The narrative has changed from rate cuts equating to good news to rate cuts meaning measures to avoid recession.

Investors have been on the edge of their seats in recent weeks, taking profits in some of the previously strongest areas of the market like tech and redeploying the proceeds into value stocks that offer slower growth but at a much cheaper price.

 

[k1976]

 

[k1976]

Indian Rupee Becomes Second Worst Asian Currency This Quarter​

Source: Bloomberg
By Ashutosh Joshi and Ronojoy Mazumdar
August 2, 2024 at 11:11 AM GMT+8
Save

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Correction warnings have been piling up, with stock valuations stretched and a seasonally weaker month. Traders also face a sea of red across Asian equities following a selloff in US tech overnight. It remains to be seen if dip buyers wade in to help the Nifty sign off with a ninth week of gains.
Have a confidential tip for our reporters?

 

[k1976]

Jiuhu Boleh Boleh ​

​

Ringgit on Best Run in 14 Years as Malaysia’s Outlook Brightens​

• Currency rises for 10th day, its longest streak since 2010
• Minister confident Malaysia will hit economic forecast

By Marcus Wong
August 2, 2024 at 11:51 AM GMT+8
Updated on
August 2, 2024 at 4:56 PM GMT+8
Save

The ringgit is set for its longest winning streak in 14 years on optimism surrounding Malaysia’s economy and foreign fund inflows.
The local currency rose 1.6% against the dollar on Friday, gaining for the 10th straight day, its best run since 2010.
Have a confidential tip for our reporters

 

[k1976]

Malaysia and Singapore crack down on social media​

Tune in to Nikkei Asia's podcast, bringing the region's key news to global listeners

August 2, 2024 14:39 JST
In Nikkei Asia News Roundup's latest episode, Jada Nagumo and Brian Chapman discuss how Malaysia and Singapore are broadening their oversight of some of the most popular social media.

 

[k1976]

Malaysia launches amended Money Services Business Act​

It clarifies offenses and the punishment for illegal operators.
Malaysia's Money Services Business (Amendment) Act 2024 is now in force effective 1 August, its central bank announced.
Amongst amendments include a mandatory imprisonment for a term not exceeding 10 years and a minimum fine of MYR 50,000 (approximately $11,035) for illegal operators of money services businesses (MSB) in Malaysia.
It also clarifies the offence of abetting illegal operators; and provides a clearer definition of remittance business and the scope of evidence that can be used to charge an illegal operator.
Authorities are empowered to forfeit the property of an illegal operator upon prosecution to deter repeat offenders.
It also outlines administrative instead of criminal actions to be taken by Bank Negara Malaysia (BNM) against operational breaches by MSB licensees. These administrative actions are in line with more proportionate enforcement actions appropriate to the severity of the offence, the financial regulator said.

 

[ftan42]

sabo by the West asking all Western MNC big or small to pull out almost at the same time together resulted very deserted