FINSUM + Magnifi: Asia Booms on Differing Central Bank Moves

Magnifi in Action: Discover "Funds with Exposure to Asian Bonds"

Click on any fund in the chart below to dig deeper.

June 21, 2021

The Fed is once again shaking the financial world as tapering signals are trickling in. St. Louis Fed President Bullard sees interest rate rises in early 2022, even though Powell says bond tapering is ‘a ways away’. Japan is moving in the opposite direction, as people expect interest rates to stay low. Asia’s low interest rates boosted their market as Japan's NIK was up .3%, Hong Kong’s HSI was up .7%. Japan enters a two-day policy summit and many are expecting them to maintain their dovish easing. Conversely, markets in the US reacted negatively to anticipation of Fed hikes. The big winners were tech stocks, though, as the likes of Apple, MIcrosoft, and other large growth companies reacted positively to the news. Treasury yields were slightly elevated already pricing in future rate hikes.

 

(Tokyo)

FINSUM + Magnifi:  Japan and other South East Asia companies are a good place to look for more steady gains. The central bank's pace will undoubtedly be sluggish and dovish as they transition back to normal.

Other news today: Goldman Sachs Says These Stocks are Set to Boom and Nvidia Acquisition Proposal Extends Bullish Run

 


New call-to-action

Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of June 2021, 380,000+ users with $534+ Billion in Assets Under Influence, have used Magnifi over 3,800,000 times. Try it for yourself today.

 

This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]