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(26-05-2024, 10:51 AM)theold Wrote: Why did Chinese stock markets rise while the US interest rate remained high?
Chinese markets fell for 3 yrs as US rates rose.
It rebounded because of signs of US interest rate cuts.
Such cuts will help to support the Yuan and give the PBoC more options to ease.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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This AI wave still at very beginning stage. Current stock market is very over-value.
Once more human being are losing their jobs due to AI robots replacing human jobs, the market will collapse.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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(This post was last modified: 26-05-2024, 11:01 AM by
RiseofAsia.)