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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI MARKETS ANALYSIS: A Reversal In The S&P?
Executive Summary:
- Taiwanese equities keep trading at record highs despite the sharp deceleration in Chinese economic activity and the surge in geopolitical uncertainty
- Due to the important semiconductor component, Taiwan stock market trades like a mega-cap growth stock, therefore has been very sensitive to the significant rise in global liquidity
Link to full article:
As for the mega-cap growth stocks, Taiwan equities have been strongly driven by the significant rise in liquidity from major central banks in the past cycle. The chart below shows the strong co-movement between the G4 central bank (Fed, ECB, BoJ, PBoB) total assets and TWSE Index.
Source: Bloomberg/MNI
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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