Rapid Fire: September 9, 2015

September 9th, 2015 by

  • Japan’s Nikkei 225 jumps by the most since 2008, gaining 7.7% overnight.
  • Warren Buffett goes on record agreeing with virtually everything Donald Trump has said about taxes.
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Then . . .

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. . . and now.

  • Element Capital, a heretofore obscure hedge fund, is now the biggest buyer of U.S. Treasurys.
  • Investors are again pouring money into riskier assets, particularly in Chinese equities and emerging market currencies, which are now seen as a good value at depressed prices.
  • Deep-pocketed companies in Hong Kong and India are separately attempting to compete with Netflix in the African and South Asian markets.
  • Major miner Anglo American Platinum (LON: AAL), better known as Amplats, sells three of its platinum mines at Rustenburg to South Africa’s largest gold miner, Sibanye (NYSE: SBGL) (JSE: SGL) in a deal worth $330 million.