Bloomberg Daybreak: Asia 02/05/2024
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The article discusses the recent market developments and policy responses in Asia. It mentions the US strikes on Iraq, the expectations around the Fed's rate cuts, and Beijing's pledge to stabilize its local stock market. It also covers the weak Chinese economy, the deflationary cycle, and the potential impact of additional trade tariffs. The article highlights the need for policy collaborations, including monetary and fiscal easing, to address the challenges faced by the Chinese economy. The market volatility and concerns about forced liquidation of pledged shares are also discussed. Additionally, the article mentions the flow of funds into foreign stock ETFs as investors seek alternatives to the onshore market.
#Asia #MarketDevelopments #PolicyResponses #UsStrikes #FedRateCuts #Beijing #ChineseEconomy #DeflationaryCycle #TradeTariffs #ForcedLiquidation #ForeignStockEtfs
https://www.bloomberg.com/news/videos/2024-02-05/bloomberg-daybreak-asia-02-05-2024