Moscow Mayor Sobyanin confirmed 15 Ukrainian drones shot down over the capital this morning, with airports suspended across the city. Monitoring channels say the attack is still running, with dozens more UAVs still inbound. Sobyanin's "all clear" came before the wave ended.
Imagine a piano where each key is a particle’s position. The wave function is the sheet music, and the Schrödinger equation tells how the melody plays and changes over time. Louder notes mean higher probability, and pitch reflects energy. The potential energy acts like a tuning knob, shifting the notes.
This equation lets us predict outcomes in quantum systems, but only probabilistically. We can’t know exact values, and measuring the system changes it (wave function collapse).
Discovered by Erwin Schrödinger in 1926, it’s a core equation describing how quantum states evolve in space and time.
China’s markets are off to a strong start in 2026, raising renewed comparisons to the 2015 boom‑and‑bust just as global tensions escalate — from dramatic US moves over Greenland to a surge in gold prices and a weakening dollar. With capital rotating out of U.S. assets and liquidity patterns shifting across Asia, does today’s rally carry familiar risks, or does it mark the start of a very different cycle?
In this episode of Moving Markets – The View Beyond, Richard Tang, Head of Research Hong Kong at Julius Baer, speaks with Hong Hao, Managing Partner and CIO of Lotus Asset Management Ltd., to examine these cross‑currents: the resilience of A‑shares, the wave of Hong Kong tech IPOs, and why rising margin financing today is not a replay of 2015. They also highlight the key themes shaping 2026, including precious metals, AI‑linked industries, and high‑dividend opportunities.
This episode was recorded on 21 January 2026.