China Reports Biggest Virus Spike Since March

The video discusses the resurgence of COVID-19 cases in China, particularly in Xinjiang and Dalian, and the impact on Hong Kong. It highlights the mixed market reactions, with the Japanese yen strengthening against the US dollar due to risk-off sentiment and dollar weakness. The Australian economy faces a recession, with significant earnings declines expected. However, Chinese tech stocks show promise, with the Hansing Tech Index outperforming the broader market.

Which Chinese province was highlighted due to a resurgence of COVID-19 cases?

• Xinjiang

• Guangdong

• Sichuan

• Hunan

What was the market reaction to the resurgence of the virus in terms of the Japanese yen?

• The yen fluctuated without a clear trend

• The yen remained stable

• The yen strengthened against the US dollar

• The yen weakened against the US dollar

What economic event is Australia facing for the first time in three decades?

• A stock market crash

• A trade surplus

• A recession

• A housing boom

What is the Hansing tech index known for?

• Tracking the largest 30 tech companies in China

• Tracking the largest 30 tech companies in the US

• Tracking the largest 30 tech companies in Japan

• Tracking the largest 30 tech companies in Europe

What potential return could investors have seen in the Hansing tech index compared to the broader Hansing index?

• 13% loss versus a 44% gain

• 44% loss versus a 13% gain

• 44% gain versus a 13% loss

• 13% gain versus a 44% loss