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EQUITIES: Golden Dragon Index Surges

EQUITIES
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The NASDAQ Golden Dragon index adds over 5% to hit the highest level seen since February '23.

  • The clamour for China exposure continues after last week's stimulus announcements.
  • A reminder that most were heavily underweight China prior to the announcements.
  • Will this time be different? It's too early to tell, with Chinese consumer confidence still subdued.
  • What is certain is that policy support has become more forceful after policymakers initially adopted a fairly hands off approach when it came to combatting the well-documented economic headwinds China faces. 

Fig. 1: NASDAQ Golden Dragon Index

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The NASDAQ Golden Dragon index adds over 5% to hit the highest level seen since February '23.

  • The clamour for China exposure continues after last week's stimulus announcements.
  • A reminder that most were heavily underweight China prior to the announcements.
  • Will this time be different? It's too early to tell, with Chinese consumer confidence still subdued.
  • What is certain is that policy support has become more forceful after policymakers initially adopted a fairly hands off approach when it came to combatting the well-documented economic headwinds China faces. 

Fig. 1: NASDAQ Golden Dragon Index

Keep reading...Show less