About: lishitong
Recent Posts by lishitong
Tech Shares Push Wall Street Higher
Wall Street rallied following the footstep of Asian equity markets last night, pushed by tech shares as concerns over the stability of the financial system continue to ease. An increasing risk-on attitude has also muted the gold prices and the U.S. dollar while U.S. treasuries yield stays flat. Before the RBA announces its interest rateContinue Reading
Nasdaq 100 Enters Bull Market as Fears Over Banking Crisis Ease
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
Driven by tech shares, as concern over the financial system eased, Wall Street and Asian equity markets rallied 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 theContinue Reading
