SYDNEY/NEW YORK - Asian stocks edged higher on Tuesday after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session.
The Hang Seng Index in Hong Kong traded 0.18% higher while the Shanghai Composite also recovered early losses to stand 0.1% higher. Japan’s Nikkei 225 erased early losses to trade flat. “September is also going to be a choppy recovery, and until we get closer to more news about a vaccine it’s going to remain that way.”
On Wall Street, the Dow Jones Industrial Average and the S&P 500 ended in the red overnight, while the Nasdaq rose solidly. The Nasdaq fared even better than the S&P for the month, up nearly 10% as it rallied for a fifth straight month. Expectations that the Fed will keep interest rates low for an extended period kept the dollar soft, marking a fourth straight month of declines in August, its longest losing streak since 2017.
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But we know whatever China is posting is likely a fake
CCP has grown by attracting capital due to technology stolen from foreign countries and the illusion of a huge market population. Communists are rich, but the huge market size is just an illusion. If the theft and illusion cut off, CCP will collapse. Decoupling is necessary.
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