November 25, 2020
01 Top Story Stand-off benefits rare earth miners
02 ATF Big Picture Tesla lifts China EV stocks
03 Asia Markets
Nikkei 225 rises 0.5% to 26,296.86; Hang Seng Index climbs 0.3%to 26,669.75; CSI300 drops 1.2% to 3,362.33; MSCI Asia Pacific adds 2%.
04 E-economy expands
China’s digital economy, with an estimated value of $5.4 trillion, ranks among the largest in the world and internet-related businesses from education to healthcare, as well as entertainment, are among the new growth engines of the Chinese economy.
05 RBI lender surprise
The Reserve Bank of India has shocked analysts by saying it will go ahead with a plan to allow large corporates to open banks; a former RBI governor and many research groups say this is a bad idea given the country's mixed record on corporate banks
06 All-change at banks
Top researcher says opening up the banking sector will require regulatory adjustments and a new agency to deal with the risks tied to foreign financial institutions operating in China; as well as the spread of risks between different banks.
07 Apple bites into India
Analysts say outlays by three major manufacturers are likely to rev up sales of its popular handsets once iPhones start being made at sites around the country.
08 Trade of the Day
"I suspect oil prices will need to move a bit higher before the long-only community returns in earnest, but the way Brent oil is trading these days, we might even hit the mystical $50 level in early December post-OPEC+ meeting if all goes well."
Stephen Innes, Chief Global Market Strategist at Axi
