BlockchainFinanceResearch

NFT Market Shows Resilience Amid Crypto Volatility, Study Finds

A comprehensive study examining investor behavior during the COVID-19 pandemic and post-pandemic period reveals surprising stability in the NFT market despite cryptocurrency volatility. Researchers found that while both markets exhibit herding behavior, NFTs may offer diversification benefits for investors seeking to manage risk in turbulent markets.

NFT Market Demonstrates Unexpected Stability During Turbulent Period

According to a recent study published in Humanities and Social Sciences Communications, the non-fungible token (NFT) market has shown remarkable resilience and relative independence from the volatile cryptocurrency market during periods of economic uncertainty. The research, which analyzed market data from January 2020 through April 2023, provides new insights into investor behavior during the COVID-19 pandemic and subsequent recovery period.

EconomyTrade

China’s Strategic Tech Focus Shapes Long-Term Investment Outlook Amid U.S. Tensions

Investment strategists indicate Chinese technology stocks could present long-term opportunities as Beijing prioritizes industrial AI development. Recent market fluctuations highlight diverging performance between mainland and Hong Kong listings, with analysts recommending selective positioning in quality names with strong earnings visibility.

Shifting Investment Sentiment Toward Chinese Equities

As U.S.-China tensions persist and market volatility increases, investment strategists reportedly see potential in Chinese stocks, particularly within the technology sector, according to recent analyses. “For now I think as long as people’s sentiment on [the] U.S. is slightly positive, sentiment on China will continue to be positive,” said Liqian Ren, leader of quantitative investment at WisdomTree, who noted that Federal Reserve easing typically supports both U.S. and Chinese markets.

Economy and TradingInternational Business and Trade

South African Rand Steady Amid US-China Trade Tensions and Fed Rate Cut Expectations

The South African rand showed stability in early Monday trading as global markets remain cautious about US-China trade tensions and Federal Reserve policy. Domestic investors await key economic data including mining production and retail sales figures for Africa’s largest economy.

The South African rand maintained stability in early Monday trading sessions as global market participants remained wary of escalating US-China trade tensions and shifting expectations regarding Federal Reserve interest rate adjustments, with the US government shutdown entering its thirteenth consecutive day. At 0826 GMT, the currency traded at 17.3175 against the US dollar, representing approximately 1% strengthening compared to Friday’s closing levels.

Global Risk Sentiment Drives Rand Performance