CHIX News and Press, Global X MSCI China Financials From 09/15/23

2023-09-15 00:51:09 ET China's industrial production grew 4.5% year-on-year in August 2023, accelerating from a 3.7% rise in July and above forecasts of 3.9%, the fastest pace in industrial output since April, amid an acceleration in manufacturing activity. For the first eight months ...

2023-09-14 08:00:00 ET Summary China’s economic performance has been extremely disappointing since the lifting of lockdowns late last year. While diverse, much of the financial stress and deepening economic weakness can be traced back to the malfunctioning property sector. ...

2023-09-14 02:37:29 ET Japan +1.41% . Industrial production in Japan declined by 1.8% month-over-month in July 2023, compared with flash data of a 2.0% fall and after a final 2.4% growth in the previous month. Japan data - July Machinery Orders -1.1% m/m (expected -0.9%). ...

2023-09-13 23:02:00 ET Summary Soft consumer confidence and property-market woes are playing a large role in the slowdown of China’s economy. We believe that recently unveiled measures to support the housing market are likely to only have modest effects on bolstering econom...

2023-09-13 02:37:24 ET Japan -0.21% . Japan August PPI +0.3% m/m (expected +0.1%). The business survey index of large manufacturing firms in Japan jumped to 5.4% in the third quarter of 2023 from -0.4% in the second quarter. The Reuters Tankan sentiment index for manufactur...

2023-09-12 23:00:00 ET Summary A rebound in the Chinese property sector, spurred by the post-COVID reopening and government support, was short lived. The prospect of a broad recovery in 2023 seems unlikely due to high leverage and excess housing stock in lower-tier cities. As ...

2023-09-12 03:08:26 ET Japan +0.95% . Japan's 20-year bond yield has hit its highest since May 2014. China -0.16%. Hong Kong -0.15% . India +0.04% . Australia +0.20% . Australian August Business confidence 2 (was 1 in July) & Conditions...

2023-09-12 00:25:00 ET Summary In August, China’s exports declined 8.8% vs. the same month a year ago. This was bad, but better than July’s 14.5% decline. China’s imports also declined 7.3% in August, which was bad but better than the 12.4% decline in July. ...

2023-09-11 21:25:00 ET Summary As of last Friday, the Chinese yuan depreciated to a 15-year low against the dollar, to close last week at 7.3640 ($0.1358) on the USDCNY exchange rate. The U.S. stock market generally has a negative correlation with the yuan, albeit not a perfect on...

2023-09-11 17:38:00 ET Summary If an investor is to make tactical changes to their portfolio, it is in the extremes where they will find their greatest opportunities. What looks like an extreme today might be merely a way station on the path to something even more extreme. Con...