Equity markets spooked by currency moves
Recent moves may be exaggerated by the lack of liquidity as a result of northern summer holidays but the results have seen major technical damage to equity markets, as major long-term trend lines have been broken. The question is not whether the market can bounce from here, and whether it would be a surprise if it couldn’t, but is it the beginning of a trend change, as rallies are simply met by sellers? (VIEW LINK)
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Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies.
In April 2021, Yarra Capital Management acquired Nikko Asset Management’s Australian business and assumed responsibility for the distribution of Nikko Asset Management’s funds in the Australian market.
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