In today’s briefing:
- Ohayo Japan | Middle East Dominates; Japanese Companies Disposing Non-Core Real Estate
- China Weekly Economic Wrap 10-22-2023
Ohayo Japan | Middle East Dominates; Japanese Companies Disposing Non-Core Real Estate
- Overseas: SPX -1.3% , Nasdaq -1.5%; Broad-based equity decline with all sectors in the red as concerns over Israel-Hamas conflict grew; airline stocks under pressure
- Today: NKY Futs -0.8% v cash. JPY 149.9; Core inflation at 13-month low; Signs that the property market overheating. Daiichi Sankyo big payday for cancer drugs
- JapanX: Japanese companies boost P/B ratios by selling non-core real estate assets, transforming corporate governance and efficiency in response to the TSE’s call for improved performance
China Weekly Economic Wrap 10-22-2023
- China had its one-belt-one-road summit held in Beijing this week and this year marked the 10-year anniversary of the initiative
- China’s 3Q GDP is better than expected. Central bank has put outsized liquidity in the market while keep interest rate unchanged.
- Big banks are helping to resolve local government debt issues, extending the term and reducing the interest rate the existing bank loans and also replaced others with bank loans.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
