Market Depth
Asia Pulls Down Global Equities, As The Dollar Weighs On Asia
Aug 15, 2023
The sell-off of the NASDAQ 100 in August is influenced by market forces in China. Weak yen and FX management by Japan officials, as well as the stability of the yuan, are discussed. The impact of a strong dollar on emerging markets with dollar-denominated debt is explained. Analysis of market movements and correlations in Asia, as well as the consequences of the recent spike and crash in the Hanxang flow for the Nasdaq, are explored.
38:56
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Quick takeaways
- The sell-off of the NASDAQ 100 in August was driven by market forces in China, particularly the decline of the Chinese yuan.
- Understanding the dynamics of the Japanese and Chinese markets is crucial for comprehending the current performance of the NASDAQ 100 and predicting its future trends.
Deep dives
The Impact of the NASDAQ 100 Sell-off Driven by China
The podcast discusses the sell-off of the NASDAQ 100 in August, attributing it to market forces in China. It explores how the NDX index reached its peak before the sell-off and highlights the role of Japan and China in driving the NASDAQ's performance. The podcast analyzes the correlation between NDX futures, Nikkei 225, and Hang Seng index, demonstrating how the movements in these indices influenced each other. It emphasizes the importance of understanding the dynamics of the Japanese and Chinese markets in comprehending the current performance of the NASDAQ 100.
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