Were watching japans real tailors as earnings season kicks off. Both beating expectations. We knew it would last forever. Not a losst gains, yet for the s p until this most recent session. Down for the first time in 2018. Not helped by a report out of china suggesting u. S. Treasuries are losing their appeal for chinese investment. All of this creating a little pullback when it comes to the u. S. Session. Having said that, we see some defending of the lows. Correction a steep we are talking about when it comes to these recognized. Record highs. Take a look at the chart. Hong kongs benchmark index 12 straight sessions now. The longest run of gains since it was birthed in 1969. Tencent has been the biggest heavyweight driving that rally. From december 20. We are verythat, much in overbought territory. Is assigned the market is starting to overheat. Shanghai securities in particular say it would be a healthier rally if we had corrections along the way. Hard to continue pushing these gains
Bloomberg predicted that and that is what we got. But see what is happening market was. Batch market wise. Today the keywords in asia greece. A call for start on tuesday office start cautious start on tuesday after collapse. We do not have leads from wall street, it was closed on a Public Holiday so analysts are saying that europe is the focus. Asian stocks retreat because of concerns over retreating as of concerns over greece, it has fallen the most last week. South korea came out with bb ok decision to keep rates unchanged at a record low of 2 . They have been trying to portrait prices and you can frustrate at a record push up prices. Singapore down. 3 , opening down although fourthquarter gdp numbers beat analyst estimates but still lower than the Third Quarter so maybe that is taking a toll. Japan nikkei down from a sevenyear high because japan exited recession yesterday. We heard that the gdp grew at an annualized 2. 2 in the three months in december ending in december. Lets look
India surpassed the UK as the world s fifth largest economy in 2022 and is expected to overtake Japan and Germany by 2027-28 according to the UN department of economic and social affairs. The bank quoted a Knight Frank wealth report which said that the number of ultra high net worth individuals in India with more than $30 million to invest will increase 58% by 2027.
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