US tech rally can’t help Chinese stocks

Google avoiding worst-case penalties in its antitrust case lifted tech stocks yesterday, which drove the good performance of both the Nasdaq Composite and the S&P 500. Meanwhile, US job openings data provided a boost to US Treasuries, fuelling hopes of a September rate cut. Asia joined the rally, with the notable exception of China and Hong Kong. The latter had news specific to Nidec Corp to digest but China’s dropcame on the back of news that financial regulators are said to be considering a number of cooling measures for the stock market following its spectacular rally since the start of August. Carsten Menke, Head of Next Generation Research, joins the show to shed light on the latest moves in the gold and silver markets.

• (00:00) - Introduction: Helen Freer, Product & Investment Content
• (00:42) - Markets wrap-up: Bernadette Anderko, Product & Investment Content
• (05:53) - Gold and silver: Carsten Menke, Head of Next Generation Research
• (09:49) - Closing remarks: Helen Freer, Product & Investment Content

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