Articles
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1 day ago |
scmp.com | Nicholas Spiro
Have global investors already forgotten about “Liberation Day”? Since April 2 – the day US President Donald Trump unveiled sweeping “reciprocal” tariffs on nearly all US trading partners – the MSCI All-Country World Index, a gauge of global stocks, has risen 4.5 per cent, taking its gains since the start of this year to 3.8 per cent. The steep decline in equity markets in the week following Trump’s tariff blitz feels like a distant memory.
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4 days ago |
scmp.com | Nicholas Spiro
Are there reasons to be bullish on China’s property market? A cursory glance at the performance of the sector in recent years provides ample grounds for pessimism. In the residential market, the value of new home sales, housing starts and real estate investment plunged 46.8 per cent, 62.8 per cent and 37.9 per cent respectively between the peak of the market in 2021 and the end of last year, according to data from Nomura.
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1 week ago |
scmp.com | Nicholas Spiro
In early January, the Bloomberg Asia Dollar Index – a gauge of the performance of leading Asian currencies against the US dollar – stood at its lowest level since 2006. Clobbered by a sharp rally in the US dollar as investors expected US President Donald Trump’s higher trade tariffs to stoke inflationary pressures, keeping US interest rates higher for longer, Asian currencies were viewed as one of the most vulnerable assets.
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1 week ago |
scmp.com | Nicholas Spiro
Narratives are important, especially in the sentiment-driven property industry, where the mood among buyers and sellers is a crucial determinant of the sector’s performance and outlook. If there is a market that desperately needs an upbeat story, it is Hong Kong. Since 2018, the city has lurched from one crisis to the next, preventing a recovery from taking hold and casting doubt over the future of Hong Kong’s position as a financial centre. The facts speak for themselves.
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2 weeks ago |
scmp.com | Nicholas Spiro
On April 30, Donald Trump reached the 100-day mark of his second term as US president. In foreign exchange markets, the verdict is damning. Since Trump’s inauguration, the US dollar index – a gauge of the greenback’s performance against a basket of its peers – has plunged nearly 9 per cent, its worst performance since Richard Nixon unpegged the US dollar from gold in 1971.
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