Market Talk – Wednesday, May 12

ASIA:

As with most developed nations, China reported a significant decline in births last year (0.53%). The nation abandoned their one-child policy in 2016 that was put into effect in 1979, however, the population has continued to decline. China’s birth rate was 0.57% between 2000 and 2010, with a total population of f1.41 billion. The National Bureau of Statistics stated that 12 million babies were born in 2020, a 6 million decrease from 2016 when data was last collected. China’s working-age population (16-59) has also declined by 40 million over the last ten years, although authorities maintain that China has a strong and abundant workforce.

Japan’s SoftBank’s Vision Fund made history this Wednesday after reporting a record-high 4.03 trillion yen ($36.99 billion) in earnings. The group netted 4.99 trillion yen ($45.88 billion) in the fiscal yearending in March, surpassing Berkshire Hathaway’s $42.5 billion earnings last year. This marks the largest annual profit recorded by a Japanese company.

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 461.08 points or -1.61% to 28,147.51
  • Shanghai increased 20.91 points or 0.61% to 3,462.75
  • Hang Seng increased 217.23 points or 0.78% to 28,231.04
  • ASX 200 decreased 52.10 points or -0.73% to 7,044.90
  • Kospi decreased 47.77 points or -1.49% to 3,161.66
  • SENSEX decreased 471.01 points or -0.96% to 48,690.80
  • Nifty50 decreased 154.25 points or -1.04% to 14,696.50

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.01042 or -1.33% to 0.77354
  • NZDUSD decreased 0.00991 or -1.36% to 0.71645
  • USDJPY increased 0.9 or 0.83% to 109.57
  • USDCNY increased 0.0316 or 0.49% to 6.45873

Precious Metals:

  • Gold decreased 15.76 USD/t oz. or -0.86% to 1,821.18
  • Silver decreased 0.51 USD/t. oz or -1.85% to 27.118

Some economic news from last night:

Japan:

Foreign Reserves (USD) (Apr) increased from 1,368.5B to 1,378.5B

South Korea:

Unemployment Rate (Apr) decreased from 3.9% to 3.7%

Australia:

Building Approvals (MoM) decreased from 21.6% to 17.4%

Some economic news from today:

China:

M2 Money Stock (YoY) (Apr) decreased from 9.4% to 8.1%

New Loans (Apr) decreased from 2,730.0B to 1,470.0B

Outstanding Loan Growth (YoY) (Apr) decreased from 12.6% to 12.3%

Chinese Total Social Financing (Apr) decreased from 3,340.0B to 1,850.0B

Japan:

Coincident Indicator (MoM) (Mar) increased from -1.7% to 3.2%

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