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Market Talk – July 17, 2020

ASIA: China has accused the Trump administration of being “very pathetic” amid reports that Washington is considering a sweeping visa ban on Communist party members. Donald Trump is reportedly reviewing a proposal to refuse entry for all members of China’s ruling party – which encompasses a who’s who of the political and business elite in […]

Market Talk – July 16, 2020

ASIA: China’s economy returned to growth in the second quarter after a deep slump at the start of the year, but unexpected weakness in domestic consumption underscored the need for more policy support to bolster the recovery after the shock of the coronavirus crisis. Gross domestic product (GDP) rose 3.2% in the second quarter from […]

Market Talk – July 15, 2020

ASIA: The Chinese government has said it is “strongly opposed” to the UK’s “groundless” ban of Huawei’s 5G kit. Foreign Ministry spokeswoman Hua Chunying added Beijing would “take measures to safeguard” the “legitimate interests” of Chinese companies. The US has welcomed the move of Britain to ban Huawei 5G kit and announced new restrictions against […]

Market Talk – July 14, 2020

ASIA: The United States is sending two aircraft carriers into the South China Sea at the same time as China is conducting military exercises in the contested waterway, the Wall Street Journal reported. The USS Ronald Reagan and USS Nimitz would be in the South China Sea from Saturday, the US news outlet quoted the […]

Market Talk – July 13, 2020

ASIA: Google will pump in $10 billion in India over the next 5-7 years. The money will be used to invest in local companies and build more localized products. It’s the largest commitment by a global technology major to the country. Google CEO Pichai had an interaction with Prime Minister Narendra Modi to announce this […]

Market Talk – July 10, 2020

ASIA: The United States has imposed sanctions on three senior officials of the Chinese Communist Party, including a member of the ruling politburo, for alleged human rights abuses targeting ethnic and religious minorities in the western part of the country. The decision to bar the three senior officials from entering the US is the latest […]

Market Talk – July 9, 2020

ASIA: The Chinese and Indian border defense forces have taken effective measures to disengage from front-line contact in the Gallevan Valley on the Sino-Indian border, based on the consensus reached at the recent commander-level military talks, Chinese Foreign Ministry Spokesperson Zhao Lijian told reporters on Thursday at a regular press conference. US President Donald Trump […]

Market Talk – July 8, 2020

ASIA: The US has announced new visa bans on senior Chinese officials involved in restricting access to foreigners to the sensitive region of Tibet and reaffirmed its support for “meaningful autonomy” for Tibetans. In retaliation, China has announced that I will impose visa restrictions on US personnel who exhibit egregious behavior toward Tibet, said Chinese […]

Market Talk – July 7, 2020

ASIA: China’s largest semiconductor maker could raise as much as $7.5 billion this year by listing its stock in Shanghai — a move that could deliver the Chinese mainland its largest share sale in a decade, and reduce the country’s reliance on foreign chips, CNN reported. Semiconductor Manufacturing International Corporation (SMIC), which already trades in […]

Market Talk – July 6, 2020

ASIA: China has warned the UK not to interfere with Hong Kong following Beijing’s imposition of a sweeping new national security law. Ambassador Liu Xiaoming said the UK’s offer of a path to citizenship for up to three million Hong Kongers amounted to “gross interference.” British Foreign Secretary Dominic Raab rejected the accusation. Earlier, a […]