The Asia Eight

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

November 24, 2020

1 TOP STORY: Biden Treasury frontrunner's China chops

2 ASIA MARKETS: Nikkei 225, HSI climb, CSI300 falls

3 ATF TV: Electric vehicles and the end of the oil era

4 NEWS: Microfinance rules could break up tech giants

5 NEWS: China launches Albatross heavy-lift drone

6 NEWS: Vaccines seen unlocking Asia economic recovery

7 ATF BIG PICTURE: China Moonshot facts and figures

8 COMMENT: US stimulus expectations with Yellen pick

01 Top Story: Yellen pick offers China expertise

US President-elect Joe Biden is set to nominate former Fed chairman Janet Yellen as Treasury Secretary; she dealt with China while at the Fed and before that as President of the San Francisco Fed.

02 Asia Markets

Nikkei 225 index jumps 2.5%, S&P ASX 200 advances 1.3%, Hang Seng index adds 0.4%, CSI300 eases 0.61%, MSCI Asia Pacific index rallies 2.1%.    

03 Will EVs end oil's reign?

The determination of China and India to bring new-energy vehicles onto their roads could spell the end of the oil era, Carbon Tracker strategist Kingsmill Bond tells Asia Times Financial TV

04 Lending threat to Ant

Speculation has emerged that big multi-platform internet sites involved in micro-lending and other e-commerce could be hit hard under proposed anti-monopoly rules.

05 China drone launch

The electric-powered v400 Albatross, developed by a Shanghai company, can perform tasks as diverse as carrying material, fast logistics, medical rescues and fire emergencies.

06 Asia vaccine boost

Australia, India, Indonesia, Japan and Vietnam are among the biggest pre-purchasers of Covid-19 vaccines; Less affluent Asian economies tilting towards Chinese vaccine candidates; Richer nations opt for candidates from Pfizer, BioNTech and Novavax.

07 ATF Big Picture Destination: the Moon

China hopes to follow in American footsteps and bring rock back from the Moon with the launch today of its Chang’e probe.

08 Comment

"This may be music to market ears as she has opined that the US needs to 'continue extraordinary fiscal support.”

OCBC head of research Selena Ling on the touted appointment of Jane Yellen to head US Treasury