Monthly Archives: March 2023
Nasdaq 100 Enters Bull Market as Fears Over Banking Crisis Ease
Written on March 30, 2023 at 4:51 am, by lishitong
Has the banking crisis abated? Equity investors seem to think so, with the Nasdaq surging close to 2% on Wednesday as the markets assess a successful containment of the banking crisis caused by the failure of regional banks and one Credit Suisse. This puts the tech-heavy index technically in bull market territory, closing more thanContinue Reading
China Equity Market Rallies with Alibaba Revamp
Written on March 29, 2023 at 6:01 am, by lishitong
Chinese stock indices, including the Hang Seng Index, rallied as Alibaba said it would split the company into 6 units that would potentially be listed individually. This reflects a loosening attitude from the Chinese government toward the technology companies after the long crackdown from Beijing. On the other hand, the fresh Australian CPI showed aContinue Reading
Markets Get Relief From Banking Turmoil
Written on March 28, 2023 at 5:51 am, by lishitong
The banking crisis was seemingly resolved after yesterday’s news reported that First Citizens Bancshares Inc agreed to buy Silicon Valley Bank. On top of that, the U.S. authorities are considering expanding its emergency lending facilities for banks to shore up the bank’s balance sheet, which in a way supports the embattled First Republic Bank. GoldContinue Reading
