Weekly Markets Update 36| Impact of Evergrande's Fall, Nike and Vietnam Closures, a Dip in NSE Giants and the Crypto Ban in China
Last week, we watched Asia come to the reality of Evergrande's fall, which is dragging Asian markets. In the US, investors grapple with anticipation as the US Central Bank Tapering process approaches its end mid next year, and Nike takes a blow from Vietnam's shutdown. Locally, NSE giants bowed down slightly, and the indices went blood red.
Listen to this episode to learn how Asia is fairing after Evergrande defaulted its payments to offshore investors, why Nike cut its revenue forecasts as Vietnam and Indonesian closures affect supply, and how a dip in the giant stocks on the NSE is affecting the overall performance of the exchange.
Highlights:
Listen to previous episodes of the Weekly Markets Update on the Hisa App available on the App Store and Google Playstore.
This episode features:
Felix Ochieng - Chief Financial Analyst, Hisa
Audio Production by Mwakaneno Gakweli.
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