Jimmy Zhu, our Chief Strategist, went LIVE on CNA this morning and discussed some recent key market developments, such as:
- Measures are expected to improve the manufacturing sector, property investment and infrastructure spending, while the retail and service sectors will continue to contract in the short term.
- Shanghai to ease the citywide lockdowns and unveil new policies to support the economy, such as banks encouraging the renewal of SME loans.
- U.S. 10-bond yield has become the most important gauge for the stock market.
- Investors have priced in two 50 basis point hikes in June and July.
