Please login or sign up to post and edit reviews.
Does The Surge In Chinese Banks Signal Trouble Ahead? - Publication Date |
- May 08, 2023
- Episode Duration |
- 00:15:09
Upon returning from Golden Week holidays in Japan and China, Chinese bank shares went on an absolute tear higher, with some of the biggest lenders' stocks hitting their +10% intraday limit up on the heels of positive headlines on net interest margins. However, the bigger macro picture in China does not warrant such a historic surge in Chinese banks. Furthermore, the last time that Chinese banks hit limit up was in July 2015, followed by the historic PBOC yuan devaluation, and the subsequent cross-asset, global volatility that had ensued thereafter.
Weston Nakamura discusses today's price action in China (and indeed the world's) largest bank shares, as well as what else is ahead for this week out of Asia with global market impact and relevance.
--
Follow Market Depth On Spotify:
https://spoti.fi/3mVTs9U
Follow Market Depth On Apple Podcasts:
https://apple.co/40dA2vm
Follow Weston:
https://twitter.com/acrossthespread
Follow Blockworks:
https://twitter.com/Blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:
https://blockworks.co/newsletter/
--
Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
This episode could use a review!
This episode could use a review! Have anything to say about it? Share your thoughts using the button below.
Submit Review