Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
Troubles in Asia
Meanwhile, Taiwan hosted the first of many critical elections in 2024 elections that are going to reshape the global political outlook into 2032. Lai Ching-te of the ruling Democratic Progressive Party (DPP) defeated Hou Yu-ih of the Kuomintang (KMT) and Taiwan People’s Party (TPP) candidate Ko Wen-je.
Lai’s victory is not welcome news in China. His stance as a pro-independence supporter has softened over the last decade; he now emphasizes that the Republic of China, Taiwan’s formal name, is already a sovereign state, so independence is unnecessary. Yet many are deeply concerned that Lai’s presidency may further worsen relations with China.
Once again, 2024 is a Directional Change, and we have a Panic Cycle in 2026. It looks like war into 2028.
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