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Asia-Pac Stocks Head For Worst Losing Streak In 12 Years
Japan's broad TOPIX index is lower this evening after the holiday weekend - following a six-day rise - led by Real Estate, Mining, and Banking sectors as traders suggest "the mood is to hold back ahead of the Fed meeting." China's dismal data and comments about no imminent rate cut have done nothing to tamp down enthusiasm for Shanghai Composite stocks as the Chinese government "unveiled guidelines to support the development of the stock market, pledging to make blue chips bigger and stronger and more actively traded," though HKSE is delayed for now due to Typhoon warnings. MSCI Asia-Pac is down at the open for the 9th day in a row - the longest losing streak since 2002.
Japanese stocks lower led by Banks and Real Estate...
Chinese stocks delayed open but have screamed to 18-month highs after the unveiling of QE-lite... up 16.5% since QE-lite
and added this evening:
The Shanghai government unveiled guidelines to support the development of the stock market, pledging to make blue chips bigger and stronger and more active trading. The government said it will actively support the Shanghai-Hong Kong Stock Connect arrangement and improve the international influence of Shanghai's capital markets. It also pledged to expand the size of foreign investment programs and and allow them invest more in financial futures products. (Shanghai Securities News)
So clearly - now they have lost housing as wealth creation policy mechanism, they are herding everyone into stocks... we are sure that will end well!
But oddly - Bloomberg's China -US equity iundex (most traded Chinese firms in US) has plunged for longest streak since March (making room for Alibaba?)
And Asia-Pac stocks in general are down for the 9th day in a row...
The worst streak since 2002!
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Alibaba will save us, and we can all order an iPhone 6 plus knock off from them for a fraction of the price........ Winning.
Off with their heads.
Oh wait....wrong (CIA) program.
Alibaba perhaps picked the top. Great time for them to come public.
Alibaba....KING OF THIEVES!
I mean....
KING OF THEBES! KING OF THEBES!
"Never cut an honest man a break." Move along....
my roomate's sister-in-law makes $72 hourly on the laptop . She has been out of a job for 6 months but last month her payment was $18482 just working on the laptop for a few hours. use this link... www.payvalt.com
My point exactly...
serious question.
how the fuck were there ever crashes before, if all these corrupt govts need to do is print money and keep indexes afloat?
That's where Team Wall Street comes in dude....
Thats it! I gotta get me a printer and do my in house QE! Fuck this shit!
The yen has been drifting lower and that has allowed the stock markets in Japan to remain firm but not for long. When you introduce demographics into the picture we see that Japan is stuck with an aging and shrinking population that is evermore expensive for the government to provide for. Adding to its woes the Fukushima nuclear disaster has shuttered its nuclear power plants and forced the country to import more expensive energy alternatives.
Neither monetary nor fiscal policy will adequately solve Japan's problems. Continuing to run fiscal deficits only means that government debt is pushed onward and upwards leading to a variety of possible scenarios as to the what the end game will be. Simply put, the fundamentals for Japan are lousy. More on the downward path that Japan is on in the article below.
http://brucewilds.blogspot.com/2014/05/japan-sliding-towards-abyss.html