The strong performance of Chinese stocks has caused some problems for quant funds based in China, many of which have taken out significant short positions on index futures.
Indian stock markets reached record highs yesterday as the US Federal Reserve’s major rate cut boosted risk appetite and encouraged capital to flow into emerging markets.
Pakistan’s flagship KSE 100 Index has outperformed its Asian stock market peers this year, having strengthened by over 20% since the start of the year alone.
Economic growth in Turkey has slowed to its weakest level since the Covid-19 outbreak as high interest rates take its toll on the Turkish businesses and individuals.
It is understandable that Trump would seek to talk down the dollar, even if he is wrong to blame China for the dollar’s strength. But how likely is he to get a weaker dollar?
Yesterday the Central Bank of Turkey confirmed that it had returned a $5 billion deposit supplied by the Saudi Fund for Development in March 2023, in the latest sign that Turkey’s economic reforms are yielding results.
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