The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2017 AFPMost Asia stocks up but Tokyo hit by Trump worries
HONG KONG©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© 2017 AFP
4 Comments
Login to comment
some14some
Doesn't matter...it was only Tokyo stock that shot up dramatically after Trump victory...so? just returning to normal position. call it by any name...market adjustment, profit taking, trump worries.
MarkX
Glad I was able to buy yen when it was weak, and it looks to gain strength again. I guess the Trump effect has worn off, with all of his warnings to Japanese auto makers, and now Big Pharma, maybe people won't be cheering so loudly for him!
JeffLee
Keeping my fingers crossed.
fxgai
Tax cuts and regulatory reforms are the key. These are important and must be prioritized.
I think the yen is just getting some reprieve after being absolutely smashed in the wake of the election result. It's still way down from where it was before Trump got elected, exactly as some14some, says.
MarkX,
I don't think so, not yet. In the short term I think the yen could get a bit stronger, but it's unlikely in my view to go below 100-105 say, because lots of people want to dump their yen for dollars, and temporary bouts of yen strength provide good opportunities to do so.
If the new administration fails to achieve much of importance quickly, then I expect there to be disappointment and one then will be able to say the Trump effect has worn off, but the new administration gets the benefit of the doubt for now.
JeffLee,
I'll bet you are! And I wish you luck in what you are hoping for. A bit of something for everyone wouldn't be my worst nightmare.
I can't see the new administration backing a huge public spending plan myself, but I do imagine they have some ideas about incentivizing the private sector to build out infrastructure. Incentives, yes, this I can believe they believe in. Should they come up with a big public spending plan, with no sign of tax cuts or regulatory reform (ala Abenomics) I'll be cutting my exposure to S&P500, in despair.