Asia’s Positive Stock Outlook Is Clouded By Chinese Selloff
Bloomberg 5 hrs ago
(Bloomberg) The allure of Asian stocks is fading after beating global peers last year.
While 2021 began with investors expecting regional stocks to continue leading the global equity rebound as vaccine rollouts gather pace, that conviction now seems to be in short supply owing to a selloff in Chinese shares and concerns over dollar strength. The MSCI Asia Pacific Index is up just 3.3% year-to-date, compared with a gain of almost 10% each for equity benchmarks in the U.S. and Europe.
The recent jump in real U.S. Treasury yields has put a squeeze on risk assets and prompted money managers to rethink geographic and cyclical exposure in their portfolios. Higher yields are also raising the odds of a stronger dollar a traditional negative for emerging Asia investors just when the worst rout in years in China, the world’s second-biggest stock market, has soured sentiment.
Asia s Positive Stock Outlook Is Clouded By Chinese Selloff msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
U.S. stocks fell for the first time in six trading sessions while yields on benchmark Treasury notes lingered close to more than one-year highs as investors weighed the strength of the global economic recovery.
Rynki Azji płyną na wysokiej fali rp.pl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rp.pl Daily Mail and Mail on Sunday newspapers.
LNG Cargo Prices Rising Faster Than Bitcoin
Bloomberg 1/13/2021 Anna Shiryaevskaya, Andy Hoffman, Stephen Stapczynski and Sergio Chapa
(Bloomberg) After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel.
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The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities even Bitcoin.
Winners in this rally include Exxon Mobil Corp., which sold a cargo last week for a record $130 million to Japan, and Total SE, which secured $126 million on Tuesday in a sale to trading company Trafigura Group. Other producers, such as Royal Dutch Shell Plc and Houston-based Cheniere Energy Inc., are also taking the opportunity to o