👀 All Eyes on Asia

^{"Old ways won't open new doors."}

— Deepak Chopra

👋 Friends, Rallie here. The newsletter navigating you through the rollercoaster of crypto, finance, and tech.

On the menu:

• 👀 All Eyes on Asia

• 🗞️ Headlines That Hit

• 📈 Refresh: Bull Market

• ✌️ Trivia Thursday

• 💯 Top Tweets

The Rallie Recap

🌊 With international developments sending waves throughout the finance and tech industry, here’s what you should know:

• China’s development and obstacles making the entire world respond. 🇨🇳 Despite the nation’s industrial profits sliding to double-digit declines that are expected to grow, China is still making major moves in the finance and tech sector. 🌏

• Meanwhile, Japan, South Asia and South Korea can’t be forgotten. 🤔

• First, why are some global investors avoiding China?🗿 Following its feud with the U.S., a difficult COVID rebound and unmet expectations of robust policies, money is being diverted into assets that exclude China. 👋

• Where is the money going? 💵 Reuters found a huge hike in the assets of emerging market mutual funds and ETFs that exclude China.❗To add salt to the wound, some of the funds are going to markets that directly benefit from China’s economic struggle (ex: India).

• Opportunities… as the powerhouse’s export dominance is receding, emerging market countries are taking advantage of the markets through their unique advancements in tech and partnerships with the U.S. 📈

• However, 🦾 China’s hi-tech state fund refuses to quit, over $8B USD has been invested in hundreds of domestic tech enterprises to bid for industry self-sufficiency,

• 🤝 The collab with South Asia. While China is getting iced out by foreign investors, it has started to become the primary trade partner for South Asian countries 😎 (where some of the foreign money is getting directed to).

• But the U.S. government is planning on enforcing even more control on exports to China. 🔒 Economic attacks on China’s chip industry pack a punch, while competitors like 🇰🇷 South Korea and Japan 🇯🇵 could benefit from these restrictions.

• This is during a time where Samsung is experiencing a $7B USD chip loss and has plans to extend production cuts. 🤖

• China’s upcoming news could help the South Korean company out of its 95% plunge in operating profit. 📉

• 💥 South Korea is also collaborating with the U.S. to combat North Korea’s cyber threat, another means where the Asian country’s tech companies could receive funding.💰

• But what about Japan? ⚙️ Microsoft will provide AI tech to the Japanese government after enhancing the processing power of its data centres located within the country. 🤖

• 🛠️ By doing so, OpenAI (backed by Microsoft) will be used on a trial basis that could open the doors for AI integration into government systems.

• With each move, the economic and tech power struggle makes it unclear which country will come out on top. 🍿

Headlines That Hit

• 👾 The metaverse investment. Meta’s metaverse division posted a bigger-than-expected loss while promising that its future will pay off, and analysts are skeptical.

• 🙊 Generative AI’s win…? New study confirms that ChatGPT-3 can spread disinformation more efficiently and convincingly than humans.

• 🏥 Healthcare probe. Alberta’s government has ordered an investigation into potentially illegal membership fees provided by medical clinics.

• 🚰 Poisoned water. 22 states and U.S. territories moved to block a $10.3B USD settlement that would resolve 3M Co’s legal troubles over its water pollution tied to “forever chemicals.”

Rallie Refresh: Bull Market

🐂 Have you ever heard the term ‘bull market’ but don’t get the optimism behind it? Today, we breakdown why you want a bull run.

🐮 What is a bull market?

• The term is used to describe the financial market state, it is when an asset price rises or is expected to rise in the near future. 🚀

• Typically, most investors agree that a bull market is when there’s a 20% increase in stock prices. 🗓️ These markets last for months to years, depending on the situation.

• 🤩 When someone says a bull run will happen, it means that they believe a consistent rise in certain asset values will occur and continue for a long period of time.

🎲 Consistently unpredictable.

• Bull markets are difficult to predict because of the changing trends in the market and investor psychology causing unprecedented herd mentality. 🎢

🙂 Want to learn more about how a bull market can end up becoming a bear market? Let us know.

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✌️Trivia Thursday✌️

🔎 The answer for Tuesday’s newsletter (What does the Big Six refer to?) is Canada’s six largest financial institutions! Tune in next time for today’s answer.

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DISCLAIMER: This is not financial or legal advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions.