Morningstar's Makdad on Asia Financial Earnings

The video discusses the earnings of Japanese banks, noting that it's too early to see the impact of the Bank of Japan's changes. It highlights the recovery trend from pandemic credit costs and the cautious outlook on inflation and wages. The performance of Nomura and other brokerages is analyzed, with a focus on retail investors and US bond trading. HSBC's situation in Hong Kong is examined, considering interest income and the delayed recovery in China. The video questions whether HSBC's turnaround is cyclical or fundamental.

What is the significance of the first fiscal quarter earnings for Japanese banks?

How does the Bank of Japan's change impact the earnings of Japanese banks according to the text?

What factors are influencing the share price movements of Japanese banks?

What are the expectations for Nomura and other Japanese brokerages based on their recent performance?

Discuss the challenges faced by HSBC in the context of the Hong Kong market.

How does the text describe the potential for a fundamental turnaround at HSBC?

What are the implications of the growth momentum in Hong Kong for HSBC's business?