November 13, 2020 - Financial Occultist

China’s aviation regulator (info vai Reuters) on the bounce back for air travel in the country.

October’s total passenger numbers 88.3% of the level a year ago

in September was 87.5%

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China has been able to respond to renewed coronavirus outbreaks in an authoritarian manner. Then again., folks in Melbourne Australia might argue authorities there did the same also.

At the risk of once again sounding like a broken record if you have the inclination to check out Taiwan’s response there are valuable lessons there for all. Interestingly, Taiwan is denied a seat WHO meetings where countries compare approaches to dealing with the pandemic. Which is a great shame. Thanks for Taiwan’s absence go to mainland China.

Germany reports record 23,542 new coronavirus cases in latest update today

13-Nov-20 10:54 am

Anirudh Sethi

Another 218 deaths reported as well

Despite entering into ‘lockdown light’ on 2 November, the virus situation in Germany is showing no signs of abating just yet.

As mentioned at the time, it may take up to two weeks or more for the trajectory to possibly turn the corner. For now, the only “good” news is that the case count is not exponentially growing despite the record number of infections over the past 24 hours.

There are now over 257,000 active cases across the country and that figure is still gradually increasing, as compared to the ~166,000 active cases on 1 November.

Meanwhile, the number of coronavirus patients requiring intensive care has increased by another 59 to 3,186 persons as of yesterday. That sees the number of available intensive care units fall to 6,587 (24%) across the country.

New US order banning investment in Chinese military-controlled companies – full list

13-Nov-20 10:53 am

Analysis

Anirudh Sethi

This is a list of all the publicly traded Chinese companies that have been designated by the U.S. Department of Defense (DoD) as being owned or controlled by, or affiliated with, the People’s Liberation Army (PLA) or China’s defense industrial base. Also included are the publicly traded subsidiaries of Chinese companies designated by the DoD.

Note this:

the companies on this list are accessible to U.S. individual and institutional investors as A Shares, H Shares, or Red Chips, and are, in some cases, included in popular indexes like the MSCI Emerging Markets (EM) Index and the FTSE All-World Index

(bolding mine)

US stocks close lower. Dow and S&P close down 1%

13-Nov-20 04:52 am

Anirudh Sethi

Dow post 2 day losing streak

The US stocks are closing lower with the Dow and S&P each down about 1%

all S&P sectors close lower
NASDAQ closes down for the 3rd time in 4 days
NASDAQ on pace for a decline for the week
Dow post a 2 day losing streak

The final numbers are showing

S&P index -35.67 points or -1.0% at 3536.99. The low price reached 3518.58. The high price extended to 3569.02
NASDAQ index fell -76.84 points or -0.65% at 11709.59. The low price reached 11666.375. The high price extended to 11847.84
Dow industrial average fell 318 points or -1.08% at 29080.13. The low price extended to 28902.13. The high price extended to 29311.83

The indices are lower on the back of concerns about Covid.