Impressive up 7% today on a disaster of a day in the U S , bio tech as well whats cooking please?
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Today is very good news for NZSX50.Trade war didn’t affect much here. It is standing out from other markets such as Europe, the USA, Japan, Hong Kong, China and Australia.
Trade war could bring winners as well as losers.
Some of the possible losers are Aussie & loonie, Japanese stocks, cyclical stocks and commodities like oil.
Consumer staples, banks, and health care could do relatively well. In situation like this there could be emerging regional winners.
Might need to rethink that? Correct me if I'm wrong, re US trade tariffs on China (trade war?), aluminium and steel tariffs are:
- Aussie - exempt
- Canada - exempt
- other 'friends of America' - exempt
- New Zealand - oops, not exempt. (not a friend or just over looked?)
A lot of water still to go under the bridge with this. Only 85 points down on NZX today.
Thank you Baa Baa for the information. It seems China is targeting farm belt. This situation could benefit some companies in New Zealand and Australia. However, it is too early for me get some clear ideas. I would like to do some study. In every situation, there are winners as well as losers. Smart and innovative managers will expand their market share for their products from this trade war.
https://www.bloomberg.com/news/artic...aussie-economy
https://www.theaustralian.com.au/new...24b771798fd5e0
Australia to get import quotas, tariff exemption ‘only temporary’
The volatility of volatility is getting more volatile by the day in the US I read somewhere
wall st hammered last 2 hrs , how long can nz buck the trend ?