Monthly Archives: November 2024
41654156156Hang Seng Index Slides Amid Tariff Concerns
Written on November 26, 2024 at 1:46 am, by pumarketings
Fundamental Analysis * Tariff Impositions Weigh on Stock Prospects: President-elect Donald Trump’s announcement of potential tariffs on Chinese imports could significantly impact China’s economic progression and Chinese-related stocks. This sentiment has further diminished market risk appetite, triggering a selloff in the Hang Seng Index. Trump’s plan to impose an additional 10% tariff on all ChineseContinue Reading
Dollar Plummet on Trump’s Treasury Secretary Speculation
Written on November 25, 2024 at 4:06 am, by pumarketings
Market Summary The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments. Reports suggest Scott Bessent may be considered for Treasury Secretary, a move viewed as bond-market friendly, leading to lower Treasury yields and pressuring the dollar. Despite this, the dollar’s fundamental strengthContinue Reading
Crude Oil Prices Climb Amid Escalating Ukraine Conflict
Written on November 25, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * Surging Conflict: Crude oil prices, traded in dollars, surged to a two-week high as the escalating war in Ukraine heightened the market’s geopolitical risk premium. The conflict intensified after Britain and the U.S. authorized Kyiv to carry out deeper strikes into Russian territory using their missiles. In response, President Vladimir Putin announcedContinue Reading
