Financial Information

Financial Information

① Jufeng Investment Advisor believes that the current mid-term adjustment of A shares has basically proven the bottom.

② The US dollar has mostly risen against G-10 currencies, as the decline in regional stock markets has stimulated risk aversion. The market is paying attention to the US Treasury bond tender later on Monday to find further clues about the trend of the US dollar. A U.S. dollar index rose for the second day in a row, and the Australian dollar had the highest decline among G-10 currencies. A foreign exchange trader based in Asia said that funds and Japanese exporters sold Australian dollars against the U.S. dollar and Japanese yen "the market may be in a mild hedging mode."

③ Standard & Poor's: Due to the lingering COVID-19 crisis, Bank of Malaysia's asset quality will slowly return to normal. The cost of credit for Malaysian banks may remain high in 2021, and the non-performing loan ratio will eventually rise.

④ Media quick comment: The "price increase" of commodities promoted by financial capital is unsustainable. This price increase is a "chaotic price increase" brought together by various domestic and foreign factors, rather than mainly driven by demand, which has a phased nature. ,Unsustainable.