According to BCA Research’s China Investment Strategy service, the Chinese yield curve will likely flatten with long-term government bond yields dropping more than short-term rates in next six to nine months. The long-end of…
As expected, the Bank of Korea kept policy unchanged at its Tuesday meeting, maintaining the 7-Day Repo Rate at 0.75% following August’s 25 basis point hike. However, Governor Lee Ju-yeol signaled that a rate hike is likely in…
Following an eye-popping 313% rally in the Baltic Dry Index this year, there is some sign of reprieve. Shipping costs for the China – US route appear to be in the process of peaking. The latest weekly data show that the price…
According to BCA Research’s Emerging Markets Strategy service, China’s electricity crisis is caused by excessive demand, rather than supply shortages. While both electricity consumption and production have been expanding,…
Tech stocks led the Hang Seng higher on Thursday, pushing the index up 3.1%. The improvement was broad-based with all but three constituents of the Tech index rising on the day. Meituan was the top performer, gaining nearly 10…
Highlights Gold prices will continue to be challenged by conflicting information flows regarding US monetary policy; higher inflationary impulses from commodity prices and supply-chain bottlenecks; global economic policy uncertainty,…
Highlights Electricity shortages in China are largely due to excessive power demand rather than a matter of shrinking electricity production. Chinese electricity consumption has been supercharged by the export sector’s booming…
Highlights Indian stock outperformance versus its EM peers has gone vertical. This is unsustainable, and a period of indigestion is likely. We are booking profits on our overweight position and downgrading this market to neutral…