Following up from Friday's episode of Market Depth, Weston Nakamura reviews the global equity markets' initial reactions to China's after-hours headline for new stimulus targeted at the Chinese real estate, property and development sectors on Friday evening in Asia. The market impact was significant across the world, with stocks like Caterpillar pushing the Dow Jones Industrial Average higher by 2% at US close to outperform the S&P500 and Nasdaq indices in immediate reaction, as well as it's Japanese peer Komatsu and other machinery stocks driving the Nikkei 225 index by over 2% to another 33-year high at Asia market open on Monday.
In fact, the only major equity market region and sector that did not participate with an initial upside reaction was China's property and development sector indices - a strange phenomenon, given the direct relevance of the catalyst.
Weston once again examines whether China's policy insiders may be revealing a clearer picture of the policy intent as reflected in market price action and behavior, prior to, and after the stimulus headline.
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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
