Asset Rally, Tony Tea, Billionaire Moves: Saturday Asia Briefing
Something for the weekend.
The big art auction houses are preparing for fall sales that could total more than $2 billion.
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A less hawkish Federal Reserve fueled the biggest concerted rally in US stocks, bonds and credit this year, but sentiment in Asia remains mixed with investors still looking for more signs of sustained recovery in China. It’s also been a big week for relocations, with a change of scene for Jeff Bezos, Sam Bankman-Fried and a unit of Foxconn. Here’s some weekend reading.
Japan trounced China in equities this year, but some are betting the tide is turning in the battle between Asia’s biggest stock markets.