13 Oct 20 - Mega-Cap Tech Lead Market Surge | KPG Update Global markets and US equities have continued to ramp higher overnight (S&P 500 Index +1.6%) led by big tech mega-caps which soared higher for no obvious reason. The market remains unperturbed by the lack of government fiscal support, seemingly taking the view that a clean sweep by the Democrats will see a large fiscal stimulus early next year anyway, which will more than offset any concern that higher taxes might play on earnings.   Kiwi Property Group (KPG:NZX) Continuing on our property theme from yesterday, Kiwi Property Group held its investor briefing yesterday which coincided with the opening of Sylvia Park Galleria – a NZ$280m development with ~85% day 1 trading occupancy. The Galleria expected to be fully trading around March 2021. Despite few financial metrics provided, KPG noted Galleria/South Park would have an initial yield of 5.1%. KPG reported its retail centres are trad...