The latest released US inflation data showed that CPI rose by 0.5% last month, in line with the market expectation. Compared with the 0.9% last month, the data provided some assurance for investors. USD was previously held near its 4-month peak but has slightly retreated overnight. Currently, the DXY Index is trading below the 93-level, at around 92.898.
Stocks, however, remain pressured. Especially in China, where investors are turning to semiconductors, renewable energy, and consumer products as they believe that these sectors offer a better safe harbor against regulatory actions. Recently, the Chinese government has been cracking down on a number of tech giants across multiple sectors. The latest action on real estate has also encouraged global investors to shift from homebuying investment to rental property opportunities, including Blackstone and Warburg Pincus