The Asia Eight

Daily must-reads from the world’s most dynamic region

November 9, 2020

Huawei said to be planning its own chip production
Stocks climb as Biden win tempers gridlock fears
Indian self-sufficiency may not be easy to achieve
Questions are asked over new Chinese banknote

01 Huawei moves to make its own chips

As stocks of high-end chips run down amid US sanctions that prevent Huawei's chief supplier from selling semiconductors, the tech giant is reportedly forging its own fabrication plans.

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02 Asia Markets

Financial markets cheered the clear emergence of Democrat Joe Biden as the next President of the United States amid relief that uncertainty hasn’t dragged on for weeks, despite some worries about Trump’s legal challenges.

03 India first policy will be tested

International corporate lawyer Santosh Pai casts his eye over Indian Prime Minster Narendra Modi’s hopes to achieve national self sufficiency in this interview with Asia Times Financial TV

04 New note, but why?

The issue of a new five-yuan note at a time when China is transitioning to a digital yuan and electronic payments has baffled many.

05 Kuaishou eyes HK float

China’s Tencent-backed TikTok-style short-video company Kuaishou Technology is seeking a $5 billion listing in Hong Kong, seeking to cash in on demand for mainland tech stocks.

06 Trade of the Day

Consistent messaging on keeping oil supplies under control and not getting involved in any price war is key. For traders, the critical price level is still the $40 mark, and only a break above this price level will open the door for further improvement.

Naeem Aslam, Chief Market Analyst, Avatrade

07 First 6G tech test

A satellite launch from China is expected to test the world’s first 6G communications technology. It will establish a transceiver link on the and carry out the “world’s first experiment of terahertz communication technology in space”.

08 Comment

“Financial institutions in the Asia Pacific region this year have been accelerating their efforts to develop and leverage next-gen technologies including artificial intelligence. An ongoing driver of this will remain forward-thinking central banks and regulators that are helping shape the future of how technology can best be used to improve financial markets"

David Becker, Head of Asia Pacific, Broadridge Financial Solutions