(09-11-2024, 10:35 AM)revealer Wrote:  HSI and China market reacted to the NPC meeting announcement with a sell down.  Unless more stimulus announcements r coming,  expect HSI and China market started going down next week

https://www.reuters.com/world/china/view-china-raises-local-government-debt-ceilings-revive-economy-2024-11-08/

Quote:China Price Growth Stays Near Zero as Deflation Persists

Data suggests latest stimulus may not break grip of deflation
Producer price slid slighter faster than expected in October

By Bloomberg News
November 9, 2024 at 9:37 AM GMT+8
Updated on November 9, 2024 at 10:41 AM GMT+8

China’s consumer inflation was anemic in October while factory-gate prices continued falling, suggesting the government’s latest round of stimulus is far from sufficient to free the economy from the grip of deflation.

The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics said Saturday, compared with a 0.4% gain in the previous month. The median forecast of economists surveyed by Bloomberg was for the reading to stay unchanged from September.

https://www.bloomberg.com/news/articles/2024-11-09/china-price-growth-stays-near-zero-as-deflation-pressure-lingers

(16-06-2023, 10:53 AM)sgbuffett Wrote:  It has not been able to clear the 20K level and stay above it.

Look at chart below each time it goes above 20k it becomes unstable and goes down.

Expert traders will short the HSI each time it goes above 20K and take profit when it drops below.

(16-06-2023, 02:40 PM)Blasterlord2 Wrote:  Sgbutt is an investor or a trader?

(09-11-2024, 11:24 AM)sgbuffett Wrote:  China policy making really cannot make it.

If the idea is to build up confidence....they ended up destroying confidence each time they make announcements.

The HSI and A50 Index is downhill all they way next week.

Investors are disappointed and totally lost confidence. 

So far I have never seen other govt announce stimulus during economic crisis and stocks go down. ...it's always up and riding  on rising confidence.

(07-11-2024, 08:45 AM)teaserteam Wrote:  HSI and China markets will be under pressure.  Rumor is that the China National Standing Committee was waiting for the US election results before deciding whether to increase the stimulus.  Hope this true.

(10-11-2024, 07:01 PM)Tee tiong huat Wrote:  "It depends on the sectors. A Trump win will give a boost to short term buys for Tesla, crypto and oil & gas."

"Not good for the China markets"

OIC....

Or may consider in future creating some new currency be used for int'l trade payments, or....  

(10-11-2024, 07:35 PM)Tee tiong huat Wrote:  Brics countries include major world powers, such as China and Russia, and countries which are influential on their continent, such as South Africa and Brazil. The expanded group has a combined population of about 3.5 billion, or 45% of the world's inhabitants. Combined, members' economies are worth more than $28.5tn - about 28% of the global economy.

"Through Brics, China is trying to grow its power and influence - especially in Africa," he says. "It wants to be be leading voice for global south. Other major world power in the group has a different purpose: "Russia sees [Brics] as part of its fight against the West, helping it to overcome the sanctions imposed after the invasion of Ukraine. Will a Brics currency replace the dollar?
Nations often use the US dollar to trade between themselves. Leading politicians in Brazil and Russia have suggested creating a Brics currency, to reduce the dollar's dominance. However, this was not discussed at the group's 2023 summit.It would be impractical for Brics nations to create a common currency because their economies are so different, says Professor Carmody.

Or may consider in future creating some new currency be used for int'l trade payments, or....  

A cryptocurrency for international trade".
(That is how, Govt's assets are mainly managed by GIC Private Limited. Govt also places deposits with MAS; in turn, MAS as a statutory board holds its own assets on its balance sheet. In addition, Govt is sole equity shareholder of Temasek Holdings, Ms Ho just recently talk on cryptocurrency (Nov 2024 news)

(https://www.mof.gov.sg › policies
Who Manages Reserves? - S'pore - Ministry of Finance)

Is Brics a rival to G20?
The G20 group was set up in 1999 for developed and developing nations to discuss global issues.However, the Brics group also contains many of the countries which are in the G20> In future, they may work in tandem, says Dr Irene Mia from the International Institute for Strategic Studies think tank. "Together, might push more $ to developing nations to tackle climate change," she says.
https://www.bbc.com/news/world-66525474

(10-11-2024, 03:25 PM)sgbuffett Wrote:  Tomorrow key supoort levels for HSI will be tested.
Many disappointed investors who hope Chuna can get its act together probably have given up after Fridays's bad news and will be rushing to get out on Monday.

Look for opportunities to short has market goes lower

(11-11-2024, 10:08 AM)Zannn Wrote:  Where is the key support level?

(11-11-2024, 09:49 AM)sgbuffett Wrote:  HSI plunged 500+ pts at open.
Investors expect the Chuna economy to continue to deteriorate as stimulus is inadequate. Furthermore Trump will impose tariffs to further damage the chunese economy

(11-11-2024, 10:35 AM)sgbuffett Wrote:  China govt policy making is quite poor.

They always wait for economic problems to become serious then they come out to fix it. By then damage is done and becomes permanent. 

Take the example of recent stimulus announcement is to shore up local govt finances but this problem was discusssed 4 yrs ago already. The central govt waited until  many local govt got no more money to pay workers and contractors then do something to patch the situation.

Throughout the whole weakening of China economy, the govt would wait until no choice then take action. They have never been ahead of the problems. 

This is like doctor wait for your illness to damage your organs  then act.

That is why investors have no confidence....and are losing confidence.

(11-11-2024, 11:02 AM)forum456 Wrote:  that is why you can make more money from hk/china market because it can go lower than US market.

(11-11-2024, 11:10 AM)sgbuffett Wrote:  You are spot on...it's good for trading

(11-11-2024, 09:37 AM)sgbuffett Wrote:  Market peaked after some.bargain hunting....now can short.

As per previous day trades take advantage of temporary rallied within the down trend to make 

(11-11-2024, 01:35 PM)sgbuffett Wrote:  HSI formed another peak after lunch after temporary rally.
Creating another opportunity to short.

Short! For another easy win.

(12-11-2024, 09:49 AM)sgbuffett Wrote:  Peak for HSI formed this morning after temporary rally

Now can start shorting