In today’s briefing:
- Japan Weekly | Assets Under Pressure; Kao Out Performs
- GEMWeekly (6 Sep 2024): Mixed China Activity Data; South Korea Macro; Alibaba Group, ByteDance
Japan Weekly | Assets Under Pressure; Kao Out Performs
- Assets remained under pressure across the board: SPX (-4.2%), Nasdaq (-5.8%), Oil (-7.5%) and 10 year bonds (-20bps).
- Japanese stocks were also under pressure: Nikkei (-5.8%), Topix (-4.2%), while the yen strengthened almost 4 yen.
- Kao’s stock rose by 9% this week due to improved earnings estimates and favorable conditions for raising prices of everyday necessities in Japan
GEMWeekly (6 Sep 2024): Mixed China Activity Data; South Korea Macro; Alibaba Group, ByteDance
- The Global Emerging Markets Weekly summarises the key news and related developments impacting the largest countries and constituents of the Global Emerging Markets equity indices.
- Macro data points: Chinese PMI data, South Korean exports and inflation data.
- Companies mentioned:Alibaba Group Holding (9988 HK), ByteDance (1439927D CH)
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