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Sri Lanka Equity Forum » Stock Market Talk » US Share Market Crash Seems to Good for Sri Lankan/Asian Share Market and Currencies

US Share Market Crash Seems to Good for Sri Lankan/Asian Share Market and Currencies

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Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
US Federal Reserve this year alone three times increased their rates. Due to this US dollar reached to the strong position against other currencies and US president Trump's action against Iran, sent the oil price to soaring level.

Trump unilaterally imposed sanctions & Tariffs on China and even on EU countries, due to this US businesses were in the booming spree.

Most of the foreign investors pulled their investment from Asian countries and reinvested in lucrative US stocks market, and US Federal Reserve rates highs sent the some Asian currencies to weak position against dollar and economically Asian Countries faced hardship

Now Federal Reserve action biting its own hands, US president Trump scolding Federal Reserve action as crazy. The strong US dollar, now affecting the US exports and highly inflated US stocks are now crashing or showing bobble effects

Those pulling from crashing US share markets will see the battered Sri Lankan share markets as well as Asian markets are too cheap now. Next oil price will crash as this had happened earlier also.

Last Friday’s US Markets regain seems to banking sector earning mainly due to Federal Reserve’s rate highs but other sectors continue to lose their grounds.

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
@Miss-Sangeetha wrote:US Federal Reserve this year alone three times increased their rates. Due to this US dollar reached to the strong position against other currencies and US president Trump's action against Iran, sent the oil price to soaring level.

Trump unilaterally imposed sanctions & Tariffs on China and even on EU countries, due to this US businesses were in the booming spree.

Most of the foreign investors pulled their investment from Asian countries and reinvested in lucrative US stocks market, and US Federal Reserve rates highs sent the some Asian currencies to weak position against dollar and economically Asian Countries faced hardship

Now Federal Reserve action biting its own hands, US president Trump scolding Federal Reserve action as crazy. The strong US dollar, now affecting the US exports and highly inflated US stocks are now crashing or showing bobble effects

Those pulling from crashing US share markets will see the battered Sri Lankan share markets as well as Asian markets are too cheap now. Next oil price will crash as this had happened earlier also.

Last Friday’s US Markets regain seems to banking sector earning mainly due to Federal Reserve’s rate highs but other sectors continue to lose their grounds.
This is bad news for some people in this forum. Rolling Eyes Rolling Eyes Rolling Eyes

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As the US market’s DOW & Nasdag losses picked up. The US Fed indicated that some members were worried that the stimulative effects of changes in the fiscal policy likely diminish over the next several years. It is seems the bubble effects to continue with the US market.

Those investors pulling from Asian share markets for sudden lucrative US market after Fed rate highs, US tariffs and Sanctions on other countries, has to refuge at save heaven gold or return back to the Asian markets.      

Yahapalanaya

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Vice President - Equity Analytics
Vice President - Equity Analytics
@Miss-Sangeetha wrote:As the US market’s DOW & Nasdag losses picked up. The US Fed indicated that some members were worried that the stimulative effects of changes in the fiscal policy likely diminish over the next several years. It is seems the bubble effects to continue with the US market.

Those investors pulling from Asian share markets for sudden lucrative US market after Fed rate highs, US tariffs and Sanctions on other countries, has to refuge at save heaven gold or return back to the Asian markets.      
At that time we will sell our stocks to Maharajah and his gang. drunken drunken drunken

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Big stock rally in China bolsters markets across Asia

Chinese stocks surged for a second day on Monday, propelled by a chorus of reassuring comments from leaders and top regulators.

The Shanghai Composite rallied 4.6% to 2668 and the smaller Shenzhen Composite soared roughly 5.4%, putting both on pace for their best day in more than three years.

The Shanghai Composit closed up 4.1%, while the smaller Shenzhen Composite soared 5.2%. That helped lift equities in not-as-beaten-up Hong Kong by 2.2%. The rebound in both also helped ease the early selling seen elsewhere in the region.

Over the weekend, President Xi Jinping emphasized China’s support for the private sector, according to the official Xinhua News Agency. Beijing also released new details on proposed personal income tax cuts, Xinhua said. The Chinese president’s comments followed concerted moves on Friday by Vice Premier Liu He — Xi’s top economic official — as well as the head of the central bank and two financial regulators to reassure investors.

More stimulus is on the way, including major tax and fee cuts that could be worth more than 1% of GDP, the state-owned Shanghai Securities News quoted Ma Jun, a policy adviser to the People’s Bank of China, as saying.

China’s rally comes after last week’s report on weaker-than-expected third-quarter GDP growth. Investment bank Nomura said Monday it expects Beijing to roll out more easing and stimulus measures in the months ahead. Chinese officials made attempts to boost the beaten down market via supportive statements Friday about the economy and financial markets, which helped stocks Friday, but for the week, the Shanghai Composite still lost 7.6%.

Nomura adds 6.5% GDP might occur this quarter as well “due to a frontloading of exports” ahead of possible additional U.S. tariffs in January and “a loosening of restrictions on the anti-pollution campaign this winter.” However, the bank expects a further Chinese economic-growth slowdown next year.

Among the big gainers, Chinese brokers soared. In Hong Kong, shares of Haitong Securities gained 16% and those of Citic Securities advanced 14%, while on the mainland stocks in several brokerage companies rose by the maximum possible 10%.

Japan’s Nikkei closed up 0.4% after opened lower. The South Korea Kospi finished up 0.3%, while Taiwan stocks rose 0.6% and Australia’s S&P/ASX 200 lagged with a 0.6% drop. S&P 500 futures rose 0.4%.

Source- Marketwatch.com

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
US President Donald Trump has sharpened his attacks on the Federal Reserve, saying it posed the biggest risk to the US economy.

He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal he seemed "happy" to be raising interest rates.

Mr Trump has repeatedly criticised the US central bank for raising interest rates.

Recent US presidents have avoided commenting on Fed policy.

Asked in the Wall Street Journal interview what he saw as the biggest risks to the US economy, Mr Trump said: "To me the Fed is the biggest risk, because I think interest rates are being raised too quickly".

He said Fed chairman Jerome Powell "almost looks like he's happy" to be raising interest rates.

"Every time we do something great, he raises the interest rates."

Mr Trump also said it was "too early to say" whether he regretted nominating Mr Powell but "maybe".

 

The US central bank has continued a policy of gradual rate rises since 2015, after they were cut dramatically during the global financial crisis.

Mr Powell and other economists say the US economy is strong enough that such stimulus is no longer necessary - a shift the Fed marked in September by ending its description of its policy as "accommodative".

Mr Trump also recently said the Fed had "gone crazy" and was "out of control".

Critics worry that Mr Trump's continued attacks will undermine investor confidence in the Fed's commitment to manage inflation.

Recent presidents have avoided commenting on Fed policy, in a sign of respect for the bank's independence.
Source- BBC Business

janith123


Senior Equity Analytic
Senior Equity Analytic
Dont believe fake media reports USA is now her best performing and china is loosing it momentum long term due to new signed agreements and tariffs on china.

warrenbuffet


Stock Trader
@janith123 wrote:Dont believe fake media reports  USA is now her best performing  and china is loosing it momentum long term due to new signed agreements and tariffs on china.
This.

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@janith123 wrote:Dont believe fake media reports  USA is now her best performing  and china is loosing it momentum long term due to new signed agreements and tariffs on china.
My posts related to US share market performance based on the US share markets original data and its impacts on Sri Lankan/ Asian share markets, not comparing the US economy with the China’s economy.


 After Jan 2018, US market performances due to artificial rates highs that related to influx of investments pulling from emerging countries share markets/Asian share markets to US share market.
Now US share markets no longer lucrative, showing diminishing in return or turning from bull market to bear market

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dow plunges more than 600 points and Nasdaq falls

The stock market plunged Wednesday, wiping out all of its gains for 2018.
The Dow fell more than 600 points, a 2.4% drop. The S&P 500 sank more than 3%.

The tech-heavy Nasdaq plummeted more than 4% -- its worst daily drop since August 2011. It is now in a correction, falling nearly 13% from its all-time high set earlier this year. Tech stocks sank following disappointing results from Texas Instruments and AT&T, CNN's parent company.

 Netflix kicked off tech earnings season last week when it reported a healthy jump in subscribers. But the party was short-lived for Netflix and fellow FANG stocks Facebook, Amazon and Google. Netflix (NFLX) fell more than 9% Wednesday and is down 17% in the past week.

"You can't just say tech is going to do great or even that FANG is going to do great. You have to be more selective," said Daniel Morgan, senior portfolio manager with Synovus Trust Company.

Source-CNN Business

https://edition.cnn.com/2018/10/24/tech/tech-earnings/index.html

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