Australia, markets have just come online. Annabelle im in hong kong, county down to asias major market open. Little momentum as u. S. Inflation and retail sales reads are coming, Strong Demand for a 30 year auction. Haidi many japanese workers are set for the biggest wage gains in decades, a positive sign for the bank of japan before he meets to decide on ending negative rate. Annabelle a bill to force a sale of tiktok in the u. S. Has the Senate Setting up a fresh flashpoint between washington and beijing. Haidi let us get you straight to the start of trading in sydney, alphabetically we are seeing already a bit of upside when it comes to trading. We do have a modest gain to close in the session, largely being supported by banks and Consumer Discretionary stocks. We are watching wind stocks again with framing of expectations of those punitive 220 tariffs after three years of being in place. Those are the biggest aspects to this market, gaining yesterday. Look at the aussie dollar, hol
been chasing this property bubble, and in order to create this bubble, offering very very high returns and it works for quite a while because property prices were going up and everybody was sort of a win win for everybody. the everybody was sort of a win win for everybody- for everybody. the property developers for everybody. the property developers could for everybody. the property developers could throw - for everybody. the property developers could throw up i developers could throw up buildings that people thought that they needed, and investors would get the returns of ten or 15%. however, bubbles everywhere crashed, united states it happened in 2009, and that s what s happening now. so therefore all these investment products are no longer worth very much. it is a little surprising but the central government is making this into a criminal case because it s basically a lack of regulation. it is not necessarily that anybody who was stealing the money although that s al
‘This is typical bear market behaviour,’ market strategist Hong Hao says. ‘Not many want to be the contrarian’ after this year’s US$955 billion stock wipeout in Hong Kong, Shanghai and Shenzhen.