Chinese Equities About To Break, As Japan Is About To Break Out
In today’s episode, Weston Nakamura breaks down China’s latest trade data for April, which saw strong but declining export growth, and a surprise contraction in imports - and what this says about the state of the China “re-open” theme, and the broader global demand picture.
Weston also goes through the chronology of another day of speculative frenzy in Chinese financial stocks, which may have hit an intraday reversal today for downside momentum in the immediate.
Weston then discusses the Japanese equity market - which is the one major market that remains resilient against the China-led downside, as the TOPIX Index breaks a new 52-week high, and the Nikkei 225 Index approaches a key resistance level on the back of foreign inflows at massive scale.
Finally, Weston discusses Japan steelmaker JFE Holdings 14% post-earnings rally, as the management's positive outlook on steel demand from the automotive sector, driven by a normalization in the semiconductor chip supply shortage, has potential wide scale implications.
Watch Michael Pettis on Forward Guidance
• China's Economic ...
--
Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U
Follow Market Depth On Apple Podcasts: https://apple.co/40dA2vm
Follow Weston: https://twitter.com/acrossthespread
Follow Blockworks: https://twitter.com/Blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
-
1:25:19
Josh Pate's College Football Show
6 hours agoTennessee Silences OU | Michigan Beats USC | Hugh Freeze Problem | Early UGA-Alabama Thoughts
45.9K1 -
6:34:23
Barstool Gambling
13 hours agoDave Portnoy, Big Cat, and Co Sweat Out the Sunday Slate | Barstool Gambling Cave
62.4K6 -
25:34
Stephen Gardner
10 hours ago🔥Trump MUST BE KEPT ALIVE at all costs! | Exclusive RFK JR Interview!!
117K218 -
53:31
Standpoint with Gabe Groisman
16 hours agoEp 50. God is Real! with Academy Award-winning actor John Voight
125K53 -
35:04
Power Slap
7 days agoPower Slap: Road to the Title - Season 3 Episode 9 - Bring Out That Monster
835K112 -
15:52
Scammer Payback
1 month agoScammers Located in this Apartment
183K69 -
10:41
Breaking Points
3 days agoARSON, 'FREAK OFFS', LUBE: Diddy Indictment SHOCKING DETAILS
160K58 -
45:44
hickok45
19 hours agoSunday Shoot-a-Round # 247
113K55 -
3:34
Cooking with Gruel
1 day agoBrown Butter Deviled Eggs
101K12 -
11:06
Bearing
16 hours agoThe Office 2024 Australian Reboot Looks GARBAGE
84.4K30