The Asia Eight

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

December 2, 2020

1 TOP STORY: Biden BlackRock pick shows China focus

2 NEWS: New White House places tech high on agenda

3 ATF TV: Leadership change means new China ties

4 ASIA MARKETS: Nikkei 225 climbs, HSI and CSI300 drop

5 ATF BIG PICTURE: Chips sanctions pivot China to Taiwan

6 COMMENT: UK approves use of coronavirus vaccine

7 NEWS: Chinese dam plan angers neighbouring India

8 NEWS: Evergrande fund-raising proves disappointing

01 Top Story Biden shows China hand in new deck

Two of US president-elect’s top economic appointments worked for BlackRock, the world’s biggest asset manager, whose CEO Larry Fink advised China on market volatility in 2015.

02 A tech-minded leader

Biden is likely to differ from Trump by hiring advisers with technology backgrounds and engaging Asian allies on concerns about internet and military hardware.

03 ATF TV New way of dealing with China

The president in-waiting will usher a new American approach to China relations, ATF contributor Isaac Poole tells ATF TV

04 Asia Markets

Nikkei 225 climbs 0.1% to 26,800.98; Hang Seng Index falls 0.1% to 26,532.58; CSI300 slides 0.1% to 3,449.38

05 ATF Big Picture

06 Comment

"It's fantastic. The vaccine will begin to be made available across the UK from next week. It's the protection of vaccines that will ultimately allow us to reclaim our lives and get the economy moving again." 

UK Prime Minister Boris Johnson on the UKs approval of the Pfizer coronavirus vaccine

07 India-China dam slam

Tensions rise in India over China's plan to construct a dam on a shared river, which could cause floods or scarcity in East Indian states and Bangladesh.

08 Evergrande gloom

Hong Kong initial public offering by spinoff from China Evergrande Group receives lukewarm response from investors worried over parent's accumulated $125 billion in debt.