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Market Talk – May 21, 2020

ASIA: China’s parliament has announced that a new national security law in Hong Kong, a move likely to fuel further anger and protests in the semi-autonomous city. The law, which is expected to ban sedition, secession, and subversion of the central government in Beijing, will be introduced through a rarely used constitutional method that could […]

Market Talk – May 20, 2020

ASIA: China has expressed its “strong indignation” after the US secretary of state, Mike Pompeo, sent a message hailing the re-elected Taiwanese president’s “courage and vision” to be read at her inauguration ceremony. China’s foreign ministry said Pompeo’s act had severely damaged peace and stability in the strait between Taiwan and China. It warned it […]

Market Talk – May 19, 2020

ASIA: China’s Foreign Ministry on Tuesday spoke highly of World Health Organization (WHO) member states’ adherence to the one-China principle, saying that this proved “Taiwan independence” will lead nowhere. Foreign Ministry spokesperson Zhao Lijian made the remarks after the World Health Assembly (WHA) decided not to discuss a proposal made by Taiwan authorities and a […]

Market Talk – May 18, 2020

ASIA: Chinese President Xi Jinping said when addressing the World Health Assembly that he supports calls for an investigation into the handling of the coronavirus pandemic, but insisted that any inquiry should wait until the virus is contained. More than 100 countries have called for an independent inquiry into the pandemic, which has so far […]

Market Talk – May 15, 2020

ASIA: Chinese industry rebounded in April from record falls, but the country’s economic recovery remains fragile after the latest threat from US President Donald Trump strained relations further. Industrial production rose 3.9% year-on-year in April after collapsing 13.5% during the January-February period, the National Bureau of Statistics said on Friday. Taiwan has sought India’s support […]

Market Talk – May 14, 2020

  ASIA: Market disruptions triggered by the coronavirus crisis have sent more capital into Chinese stocks and some strategists see this as part of a longer-term trend. Todd Willits, head of flow tracking firm EPFR, said in an interview that allocations to China are something people are looking to increase. As US stocks plunged to […]

Market Talk – May 13, 2020

ASIA: China has warned the US that stopping US government’s main pension fund from investing in Chinese equities will only hurt US investors. Trump administration officials linked the action to the coronavirus pandemic, which the US and Chinese governments have blamed on each other in increasingly bitter exchanges. The US Department of Homeland Security and […]

Market Talk – May 12, 2020

ASIA: China has suspended imports of red meat from four Australian abattoirs in a move analysts say was “politically motivated punishment” for Australia’s call for an inquiry into the origins of COVID-19. The Chinese embassy in Canberra did not respond to a request for comment. Israeli Prime Minister Benjamin Netanyahu will force additional checks on […]

Market Talk – May 11, 2020

ASIA: China on Monday threatened to retaliate against a US rule tightening visa restrictions on Chinese journalists in an escalating row after Beijing expelled more than a dozen American reporters. Citing China’s treatment of the reporters, the US Homeland Security Department issued new regulations on Friday, limiting visas for Chinese journalists to a maximum 90-day […]

Market Talk – May 8, 2020

 ASIA: The official Urban Unemployment rate in China was 5.9% in March, as per the data published by the Ministry of Commerce. Yet, the Chinese Academy of Social Sciences, a think tank run by the government, has published a report stating that the actual data could be far greater. Beijing’s data does not include people […]