(Bloomberg) — Bulls and bears make money, pigs get slaughtered is an old market adage that refers to the fate of investors who take on too much risk. Our focus this week is on the Pig element.
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The People’s Daily reports that there is an “atmosphere of optimism” across China, but that doesn’t seem to have trickled down to the stock market, which has had another tense week. And although Communist Party spokesmen say that the “people’s sense of interest” has “significantly improved,” money appears to be flowing out of the country at an alarming rate.
Still, with the Year of the Dragon just around the corner and pork prices in China at rock bottom, there’s rarely been a better time to enjoy some delicious siu yuk. But it’s a dire time for the world’s largest pork market.
A completely different form of “pig butchering” is also evolving. The term refers to a scam that originated in China and became popular during the pandemic, in which criminals create false relationships with victims through dating apps and lure them into making fake crypto investments. The dark web now offers ready-to-use kits to villains.
Greece’s iconic Cyclades islands have been included in the latest list of European cultural heritage sites under threat. This could be another sign of how the country’s economy is recovering from the financial crisis a decade ago.
Singapore has invoked its controversial Foreign Intervention Act 2021 against a naturalized national for the first time, after determining that 59-year-old Chan Man Ping Phillip showed a tendency to be susceptible to influence by foreign actors.
Japan will play Iran today in the AFC Asian Cup quarter-finals, while hosts Qatar will face Uzbekistan to decide which team will face South Korea and Jordan in next week’s semi-finals.
Finally, Chinese automaker Geely Automobile today launched 11 low-orbit satellites, expanding its capabilities in a field dominated by Elon Musk’s SpaceX as automakers prepare for the next generation of satellite-connected driverless cars. expanded.
Have a wild weekend!
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