In today’s briefing:
- Japan Weekly | Solid Performance
- China Housing: The Answer Is 3.96 (Not 42)-New Estimate Of Sold-Still-To-Be-Delivered Units in 2024
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Japan Weekly | Solid Performance
- Stocks have rebounded impressively since the near 10% correction in early August, buoyed by a still-growing economy, positive earnings, and signals of Fed readiness to ease monetary policy
- This week, the Japanese market saw solid performance. Following Fed Chairman Jerome Powell’s remarks at Jackson Hole, the Nikkei rebounded, adding 283 yen, marking its third consecutive weekly gain
- Koei Tecmo’s stock price surged 13% this week, driven by the announcement of their new game, Atelier Yumia: The Alchemist of Memories & the Envisioned Land, during Nintendo Direct
China Housing: The Answer Is 3.96 (Not 42)-New Estimate Of Sold-Still-To-Be-Delivered Units in 2024
- On Aug 23, China’s Ministry of Housing and Urban-Rural Development shared an estimate of the scale of new homes sold and still due for delivery in 2024
- The figure is 3.96 million, which at around 100sqm per unit average would imply around 400 million sqm GFA of property
- This is a more realistic figure than the much bigger numbers derived from macro data on sales, completions, and under-construction