Nvidia, Bitcoin and enough cement to turn Britain into a carpark
Apr 4, 2024
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Economist Fred Neumann discusses Nvidia's market cap surge, Asian stock market size contrasts, China's cement consumption vs. US, e-commerce growth in Asia, and the Philippines' role in nickel production and mining regulations.
Nvidia's market cap growth as big as Philippine stock market signals US market dominance.
China's massive stock market losses surpass India's cap, while cement use exceeds US's for infrastructure.
Deep dives
Impact of Nvidia's Market Cap Surge on Stock Markets
Nvidia's significant increase in market cap in one day, equivalent to the total size of the Philippine stock market, highlights the dominance of the US market and the impact of US market developments on global stock markets.
Decline in Mainland Chinese and Hong Kong Stock Markets
Mainland Chinese and Hong Kong stocks have collectively lost $4.8 trillion in market cap since 2021, surpassing the market cap of all stocks in India. This decline underscores the substantial market presence of China despite the recent downturn in its stock market.
Comparison of Cement Consumption in China and the US
China's annual cement consumption decline since 2020, still exceeding the US's 20-year consumption, showcases the extensive infrastructure development in China. The consumption disparity between the US's steel-focused building and China's cement-intensive construction reveals distinct building practices in both economies.
Fred Neumann and Herald van der Linde sink their teeth into some quirky facts on Asian markets and economics, as they comb through Herald’s latest '13 surprising stats' report.
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Disclosures and Disclaimers: https://www.research.hsbc.com/R/101/2kTNx6l