Market Talk - Wednesday, July 21


China has scrapped its population control policy. Families in China can have as many children as they like without facing fines or other consequences. The announcement ended, in practice, decades of restrictions on the number of children each household could have, as authorities attempt to encourage births in the face of a rapidly aging population. Births dropped 15% last year, a fourth-straight year of decline. China began loosening its strict one-child policy about six years ago after imposing it in the 1980s.

Suntory CEO Takeshi Niinami said the Olympics are losing their commercial value. He said that his company decided against being a sponsor of the upcoming Tokyo Games, saying it was “too expensive.”

Takahide Kiuchi, an economist at the Nomura Research Institute said according to an estimate having no domestic spectators could cost Japan’s economy 146.8 billion yen ($1.3 billion), The Tokyo Games have been hugely controversial, with countless protests to cancel the event and thousands of volunteers pulling out.

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 159.84 points or 0.58% to 27,548.00
  • Shanghai decreased 25.87 points or 0.73% to 3,562.66
  • Hang Seng decreased 34.67 or -0.13% to 27,224.58
  • ASX 200 increased 56.50 points or 0.78% to 7,308.70
  • Kospi decreased 16.79 points or -0.52% to 3,215.91
  • SENSEX closed
  • Nifty50 closed

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00235 or 0.32% to 0.73574
  • NZDUSD increased 0.0054 or 0.78% to 0.69707
  • USDJPY increased 0.35700 or 0.32% to 110.28
  • USDCNY decreased 0.02355 or -0.36% to 6.46323

Precious Metals:

  • Gold decreased 5.24 USD/t oz. or -0.29% to 1,804.79
  • Silver increased 0.39 USD/t. oz or -1.56% to 25.297

Some economic news from last night:


Adjusted Trade Balance decreased from 0.04T to -0.09T

Exports (YoY) (Jun) decreased from 49.6% to 48.6%

Imports (YoY) (Jun) increased from 27.9% to 32.7%

1 2 3 4
View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.