“There’s just mountains of cash sitting on the sidelines, waiting to be put to work and since we’ve got this vaccine news, as well as diminished risk around the U.S. elections, all of this is flying into equities,” said Kyle Rodda, analyst at IG Markets. “Everyone’s thinking now that it’s the cue to get in.”
Japanese economic growth, which beat records and forecasts to pull the world’s third-largest economy out of recession and better-than-expected industrial output in China added to the enthusiastic mood, as did a weekend trade deal. Axios reported that Trump plans a flurry of aggressive policy moves against China in the coming 10 weeks.
This is a reaction to a Biden presidency
The photo is too old. I was frightened to see Nikkei at 23k for a moment.
Is that REALLY why
Mask is the best vaccine till now The reasons why many Americans refuse to wear masks
Quite a 'Shot in the Arm' over propects of a shot in the arm.
then why are asian markets facing an ill-liquidity crisis?
I wouldn’t get too excited just yet. 🙁