Jimmy Zhu, Fullerton Markets’ Chief Strategist, went LIVE on CNA this morning to share his take on some recent key market developments, such as:
👉 Due to the recent economy data, especially the jobs data, the market is now confident, with no urgency to tighten the monetary policy.
👉 While the first move for bond tapering has started, more concrete information is needed for the rate hike.
👉 All eyes are on Singles' Day shopping event on whether it will support the growth of China's economy.
👉 Many factors contribute to the rebound in Chinese stocks but no major shift is expected.
