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  • Sep 09, 2024

Global markets mixed after Wall Street had its worst week in nearly 18 months

Asian stocks fell while European markets started the week higher on Monday after another rout hit Wall Street, as a highly anticipated U.S. job market update added to worries about the economy. Japan's gross domestic product grew by an annualized 2.9% in the second quarter, according to revised data from the Cabinet Office released on Monday. “Any broader risk aversion may have an amplified effect on Japanese equities, with safe-haven flows potentially supporting the yen, which is looked upon as negative for the country's exporters,” Yeap Jun Rong, market strategist at IG, said in a commentary.

  • Sep 09, 2024

DJT vs. SNAP: Which Social Media Stock Is Better?

In this piece, I evaluated two social media stocks: Trump Media & Technology Group (DJT) and Snap (SNAP). A closer look suggests neutral views for both of these companies. Trump Media owns Truth Social, Donald Trump’s social networking platform, which is still in its early stages. Meanwhile, Snap owns the messaging and social media app Snapchat. In addition to the app, the company provides a camera platform with editing tools for creating and sharing Snaps. It also offers wearable sunglasses cal

  • Sep 09, 2024

Hedge funds flock to Japan as market heats up

Japan has emerged as a standout in Asia's subdued $400 billion hedge fund sector, drawing fund launches while other regions suffer closures in an indicator that wild volatility in August has not derailed a revival in Japanese capital markets. Hedge fund liquidations in Asia have outpaced new launches since 2023 mostly due to China's faltering stock market. However, the number of Japan-focused funds saw a net increase of more than 10 during this period, Preqin data shows.

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