10-03-2023, 09:46 AM
Any idea?
Dow was up but also crush after good employment data.
Dow was up but also crush after good employment data.
![](https://i.imgur.com/CLvY2jA.png")
Why HSI crush overnight?
10-03-2023, 10:10 AM
Inflation rate cpi cane in at 1%...shows the economic rebound is very weak. PPI also weak.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
10-03-2023, 10:11 AM
Plus US side also sold of due to rate hikes.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
10-03-2023, 10:51 AM
(10-03-2023, 09:46 AM)Notdumb Wrote: Any idea?
Dow was up but also crush after good employment data.
Good employment means people all have money to spend.
It also means goods prices and inflation will be up.
Interest rates will be raised as last inflation was 6.4% higher than expected 6.2%.
All these will make J. Powell of FED to raise interest rates.
So, you know the reason for the crash?
.
10-03-2023, 10:54 AM
The interest rate rises will crash several countries. This will have knock-around effects.
More money will move to savings or fixed deposit accounts.
More money will move to savings or fixed deposit accounts.
10-03-2023, 11:05 AM
China and Indonesia are two countries that are not significantly affected. Both economies seem to perform well. Hong Kong has more exposure to USD.
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