A little good news for Asia - page 2.

sunsilk

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Quote from: Febo on March 17, 2020, 11:30:06 AM

Nothing goes down forever. Also nothing goes down all the time. To speculate that stock would reach bottom is way to early. Of course it is possible, but we live in global world. So news from everywhere can shake stock indexes everywhere else.

This.

It's an equilibrium. Meaning in such markets, things will be balanced no matter what happens to the market. I don't actually follow the Asian stocks but it's expected we know what will happen next with those.

yanto@1977

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Since Corona arrive, all financial product ( currency, commodity, index ) show good result. They fix position with value and volume that never happen since Brexit, is that coincidence?. I believe Corona used to against bitcoin, corona is disease I agree with that but use it to fix value and trust is clever. This time many people send his asset into currency & commodity, that's good but not for bitcoin.

Negotiation

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I agree with you it just happened in Asia But I think it's great for Asia They will survive this epidemic and will not miss their economy. But with the development of the industry they will not be able to move forward because the economy will not be able to recover the market in the middle of one country if the economy of every country except Asia is disrupted.

target

legendary

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Its only happening in Asia. Most of the markets are down so its too early to say the good news is here and that market recovers quickly. What is very astonishing is that some companies like Binance is giving away $50M to help other countries to develop blockchain industry. In times like this?

It didn't bother damn at all. Looks like we're seeing the most dominate company even when all are suffering.

avikz

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Quote from: Lomberjack on March 17, 2020, 10:02:55 AM

Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.

I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.

I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete. Grin

Keep safe everyone.

The overall market is far from recovering. Due to COVID-19 outbreak, the production industries are hit big time and such production industries are usually the backbone of any economy. Such industries are also mass employer while IT and other industries require specialized skillsets. As per the current scenario, there is no sign of such production industries to resume their operations. Unless these industries are back in business, stock market recovery will not happen. What you are seeing, is a temporary correction and nothing else. We will need more time before the market actually comes back to its normal stance!

imstillthebest

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what are those stuffs ? maybe its better if you put extra detail next time , you can do some googling too if you think your knowledge is limited on those things but we can also do googling too anyway lol but still it will be better if we have all the infos here anyway i think those are so called index are simillar to market cap ? as i can see numbers but idk if what kind of asset were those , stocks maybe or other than that ? still a good news if other assets increase , that means people are slowly going back on business again and will soon see a recovery on the crypto market too .

Findingnemo

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Quote from: Lomberjack on March 17, 2020, 10:02:55 AM

Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.

I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.

Or it can be a trap before another dump. Grin

This is not really a recovery,people were buying stocks for cheaper prices and it will take years for the complete recovery from this financial crisis,but on crypto market the things can be recovered more quickly than stocks.

bitbunnny

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Quote from: Febo on March 17, 2020, 11:30:06 AM

Nothing goes down forever. Also nothing goes down all the time. To speculate that stock would reach bottom is way to early. Of course it is possible, but we live in global world. So news from everywhere can shake stock indexes everywhere else.

Exactly, nothing goes just one way and one way only. No matter if the trend is positive or negative it will not last forever, that is for sure
Of course, people are always worried because of negative especialy in current situation but that will change for the better, although not over night and patience is needed.
Currently we are in the threath to world economy and finances because of corona virus crisis but there are still ways and time to prevent huge damage although we will not be able to prevent all consequences.

Blackdeath

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Quote from: carter34 on March 18, 2020, 01:04:58 PM

It is nice to see such recovery from the Asian market, the Chinese will get over this epidemic soon . Recovery is a gradual process and soon the American stock will follow and bitcoin will show green on the cryptocurrency. A good time to buy is now no doubt about that.

I believe this pandemic issue that is happening all over the world will not take long because not only the chinese is solving this case of corona virus because every country is helping each other, so that they could recover and cure a lot of people, and to help recover the economy of a country.

carter34

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It is nice to see such recovery from the Asian market, the Chinese will get over this epidemic soon . Recovery is a gradual process and soon the American stock will follow and bitcoin will show green on the cryptocurrency. A good time to buy is now no doubt about that.

Sanugarid

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Quote from: The Sceptical Chymist on March 18, 2020, 10:49:39 AM

It might have been a little bit of temporary good news, but I'm looking at the US stock market right now and everything is down significantly--the Dow is below 20k, down 6.72% so far this morning. Yikes.

US stock market is not looking good for a week now. hmmm.

Quote from: The Sceptical Chymist on March 18, 2020, 10:49:39 AM

I think it's way too early to be seeing light at the end of the tunnel. There are going to be good days and bad days in the market, but right now everything is pretty much bad. My personal opinion is that it might be months to a year or more before things start recovering. The global economy is taking a huge hit, and none of it is reflected in any company's quarterly or annual reports yet. I would imagine that profits are going to be down a lot for 2020, and there's probably going to be more pain in store for stock markets around the world.

Well nothing's gonna stay low or high and so the market does. The market especially stocks is harder to recover than crypto market I guess since a strong speculation could change it overnight. The world's economy is at stake with this pandemic and you can clearly see the adverse effects of it. Everything's red, a sign of bloody market, I'm gonna agree with you that it would take months atleast a year to stabilize again. Hope the world would find the cure for everything that is happening now.

The Sceptical Chymist

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It might have been a little bit of temporary good news, but I'm looking at the US stock market right now and everything is down significantly--the Dow is below 20k, down 6.72% so far this morning. Yikes.

I think it's way too early to be seeing light at the end of the tunnel. There are going to be good days and bad days in the market, but right now everything is pretty much bad. My personal opinion is that it might be months to a year or more before things start recovering. The global economy is taking a huge hit, and none of it is reflected in any company's quarterly or annual reports yet. I would imagine that profits are going to be down a lot for 2020, and there's probably going to be more pain in store for stock markets around the world.

Lynfax

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Quote from: Lomberjack on March 17, 2020, 10:02:55 AM

Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.
I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.
I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete. Grin

Keep safe everyone.

It is quite possible for their market to go sideways for a long run, but we all hope it won't because it is pretty good investment at the moment.
And while whole western world will be immobilized the east will continue to work

Kiddy0831

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it is so hard for the places who are most island. Hard for government to do the job as a whole specially citizens do not cooperate for the community quarantine. They keep on complaining without knowing.

thottum

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It's quite surprising that Hangseng didn't even in this panic situation where all the markets around the world are crashing but the manufacturing data see a 20% drop maybe the Chinese market might fall in the later stage and this effect on the companies earnings will be reflected in the next quarter so the market might correct slowly during that time to find the bottom eventually let's see what happens in the upcoming weeks

cutesgirl

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Will be it good news during Corona virus make many countries lock down like Malaysia and Singapore, I think Asia faced big problem right now with Corona virus and give impact with bitcoin and altcoin down, many other holdings are going down with Corona, although this issues can wake up and give positive effect but I trust get points at the future.

Lomberjack

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I agree, people tend to see in a narrow and short vision. They do not think ahead, they always thought that there will be another great depression. If only people know how to think for themselves then it it is much better.

Febo

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Nothing goes down forever. Also nothing goes down all the time. To speculate that stock would reach bottom is way to early. Of course it is possible, but we live in global world. So news from everywhere can shake stock indexes everywhere else.

Lomberjack

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Hang Seng Index closed at 23,263.63 and Nikkei 225 at 17,011.53.

I don't about other Asian Indexes but I see this as a sign for the recovery of markets in this pandemic.

I am not yet knowledgable enough for this but I hope anyone can expand these and if this posted please delete. Grin

Keep safe everyone.

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