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Market Talk – November 16, 2020

ASIA: US President-elect Joe Biden is expected to maintain a hard line on most matters, including export restrictions to Huawei. However, he will probably enlist more support from international allies and maintain more consistent policies than the ones Trump sometimes announced, and rescinded, via tweet, China watchers say. Some China watchers express skepticism that enlisting […]

Market Talk – November 13, 2020

ASIA: China has extended congratulations to the US president-elect, Joe Biden, becoming one of the last countries to acknowledge his electoral victory over Donald Trump. On Friday, nearly a week after Biden was declared the winner, foreign ministry spokesman Wang Wenbin commended the Democratic candidate and his running mate, Kamala Harris. Indian states are expected […]

Market Talk – November 12, 2020

ASIA: China’s two biggest vaccine companies have already begun inoculating hundreds of thousands of mostly state workers in a bid to get a head start. But deploying unproven vaccines carries huge risks – both for those receiving the vaccination and epidemic control efforts. The major worry is that vaccinations will give people who’ve had them […]

Market Talk – November 11, 2020

ASIA: China has proposed new regulations aimed at curbing the power of its biggest internet companies. The new rules could affect homegrown tech giants like Alibaba, Ant Group, and Tencent, as well as food delivery platform Meituan. Chinese tech shares were sharply lower after the proposed regulations were released on Tuesday. The ongoing India-China border […]

Market Talk – November 10, 2020

ASIA: China’s ruling Communist Party is stepping up efforts to rein in some of China’s most powerful companies, jolting investors and dealing a blow to the country’s richest entrepreneurs. China, on Tuesday, unveiled regulations to root out monopolistic practices in the internet industry, seeking to curtail the growing influence of corporations like Alibaba Group Holding […]

Market Talk – November 9, 2020

ASIA: The Chinese government on Monday sidestepped questions on when it would congratulate United States President-elect Joe Biden on his election victory, with a Foreign Ministry spokesman saying that China would act in “accordance with international practice.” More than 24 hours after US media declared Biden victorious, China remains one of the few major countries […]

Market Talk – November 6, 2020

ASIA: Chinese short-video and live-streaming app Kuaishou filed for an initial public offering on the Hong Kong Stock Exchange, CNBC reported. The offering is reportedly expected to raise $5 billion. Morgan Stanley, Bank of America Securities, and China Renaissance are the underwriters, according to the filing. Video game streaming aside, analysts say the video apps […]

Market Talk – November 5, 2020

ASIA: China has barred non-Chinese travelers from the UK, Belgium, and the Philippines, imposing new border restrictions in response to the worsening Covid-19 pandemic. The Chinese embassy in the UK said on Wednesday that China’s borders were now closed to those arriving from the UK, including those with valid visas and residence permits. The measure, […]

Market Talk – November 4, 2020

ASIA: Chinese President Xi Jinping tried to re-assure international businesses that the nation is committed to open trade, amid concerns that the new ‘dual circulation’ strategy will mean the world’s second-largest economy is set to become more insular. Xi speech was closely watched, given the backdrop of the U.S. election result and the shock withdrawal […]

Sharpie-gate – What is Going On?

COMMENT:  I voted for Trump at the voting station in Ashburn, Virginia, November 3rd, and the voting booth only had a Sharpie for me to use. My ballot was then handed to the machine to read and I left the premises. Sounds like this could be a similar strategy being used in other states as […]