China's official PMIs disappointed in August. The non-manufacturing index fell to contractionary territory of 47.5, below expectations of a more muted 1.3-point decline to 52.0. Similarly, the manufacturing PMI eased by 0.3…
The Bank of Korea (BoK) hiked its benchmark interest rate by 25bps to 0.75% yesterday, becoming the first major Asian central bank to begin dialing back pandemic-era monetary stimulus. The move was somewhat contentious, with one…
BCA Research's Geopolitical Strategy and Commodity & Energy Strategy services have published a Special Report that argues that commodity markets will face growing supply challenges over the next decade as the competition…
The performance of Korean stocks has deteriorated since the beginning of August and the MSCI Korea equity index (in USD) recently broke down decisively below its 200-day moving average. Further weakness cannot be ruled out…
BCA Research’s Geopolitical Strategy service maintains a pessimistic outlook on Chinese currency and assets. Chinese President Xi Jinping laid out a plan on August 18 for “common prosperity” in China that will help guide…
Highlights China’s new plan for “common prosperity” is a long-term strategic plan to bulk up the middle class that will strengthen China – if it is implemented successfully. The record on implementing reforms…
The domestic and external outlook remains bleak for Thailand. BCA Research’s Emerging Markets strategists recently highlighted that Thai demand relapsed even before the latest surge in COVID-19 infections. Weak demand means…