The Asia Eight

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

February 26, 2021

1 TOP STORY: Treasuries hurricane makes Asian landfall

2 ASIA MARKETS: HSI, CSI300 and Nikkei 225 plummet

3 ATF TV: The rise of cryptos poses regulatory questions

4 NEWS: Coinbase listing shines light on bitcoin trades

5 NEWS: Sinopec takes lead on hydrogen development

6 NEWS: Chinese corporates turn gaze onto EV sector

7 NEWS: Huawei diversifies to profit despite sanctions

8 ATF BIG PICTURE: Xi's poverty eradication 'miracle'

01 Top Story Treasury rout reverberates in Asian trade

RBA makes unscheduled bond purchases; Analysts say central banks may be behind the curve on rate hikes; Traders see mark to market as the main reason behind the widening sell off 

02 Asia Markets

Hong Kong’s HSI clumps 3.6% to 29,980.21, China's CSI300 plunges 2.1% to 3,509.98 and Japan’s Nikkei 225 index plummets 4% to 29,966.01.

03 ATF TV Crypto corral

Jonny Fry, co-founder and CEO of TeamBlockchain, ponders whether the time is right to regulate bitcoin and other cryptocurrencies

04 BTC trades uncovered

Coinbase, the biggest US cryptocurrency exchange, has filed documents to go public; it turned a profit last year and the recent bitcoin rally will have improved its prospects

05 Hydrogen boost

China's largest oil and gas giant Sinopec is aiming to be the country's top hydrogen company; It has announced plans to build 1,000 hydrogen refueling and retail outlets, and plans to build 7,000 distributed solar power generation stations by 2025

06 Corporate EV love-in

Mobile phone brand Xiaomi joins a slew of other Chinese tech companies - such as Baidu, Alibaba and Huawei - with investments in the zero-emissions automotive sector

07 Huawei defies bans

Moves into new areas such as “smart” car solutions, cloud computing, AI and business-focused 5G applications helped China tech giant offset the US sanctions blow to its smartphone business

08 ATF Big Picture