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| HSCEI1 | 8,634.34 | 0.00 | -- |
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2026-08-21 15:40:11 CLSA Securities published a global equity strategy report stating that long-term US Treasuries are undergoing market repricing, with the 30-year Treasury yield surpassing 5.3% for the first time since June 2007, while total US federal government debt exceeded USD40 trillion for the first time. Gold prices also maintained their upward momentum in August. US federal debt interest expenses doubled within just four years to USD1.37 trillion, accounting for 18% of total expenditure or 4.2% of gross domestic product (GDP), marking the highest level this century. In terms of fund flows, for the week ended Aug 20, Taiwan, S Korea and India recorded net foreign inflows of USD1.4 billion, USD1.2 billion and USD790 million respectively, with cumulative net inflows reaching USD16.4 billion over the past three weeks. During the same period, Brazil recorded net outflows of USD4.1 billion. August earnings forecast revisions showed broad-based strengthening, particularly in developed markets, marking the strongest level since October 2021. Japan reached its highest level since at least 2000, while Singapore's earnings forecast revisions were the best since 2009. Among emerging markets, Taiwan, Poland, Thailand and S Korea led the gains, while China and India saw further recovery in August, bringing overall emerging market earnings forecast revisions back into positive territory for the first time since March. CLSA's Asia-Pacific ex-Japan focus list (20 stocks in total) includes five Hong Kong-listed stocks, namely BYD COMPANY (01211.HK), CKH HOLDINGS (00001.HK), CSPC PHARMA (01093.HK), NONGFU SPRING (09633.HK) and TENCENT (00700.HK). (ad/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |