FILE PHOTO: A woman wearing a protective mask walks at the financial and business district of La Defense as France reinforces mask-wearing in public places as part of efforts to curb a resurgence of the coronavirus disease across the country, near Paris, France August 17, 2020. REUTERS/Gonzalo Fuentes
The fact that bankers and investors were working during the traditional August holiday month, due to coronavirus travel restrictions, also made it easier for deals to be executed, corporate advisors said. “People have adapted to the current environment very spontaneously. Roadshows have been turned into calls and investors are making themselves available very quickly, people are engaging with deals at short notice.”In Asia, there were $25.3 billion worth of equity deals so far this month, the highest in August in four years, the Refinitiv data showed.
“There has been a lot of liquidity in the system and that has kept activity going, that has helped convince investors there is enough support in the system that they can regain confidence to deploy their cash again,” said UBS APAC head of global banking, Gaetano Bassolino.
$13 trillion stock mkt gain and post office cant afford to function Taxing the rich individually seems unfair singling them out plus they hide wealth offshore BUT taxing a system much more efficient 50 cent transfer tax on every share traded