The Asia Eight

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

December 8, 2020

1 TOP STORY: Tata in iPhone parts challenge to China

2 ATF TV: China developer Evergrande in a tight spot

3 ASIA MARKETS: Nikkei, HSI, CSI300 slide

4 ATF BIG PICTURE: JD Health shares rocket on HK debut

5 NEWS: Economic rebound expected in the new year

6 NEWS: WEF moves annual Davos meet to Singapore

7 TRADE OF THE DAY: Chinese property plays

8 NEWS: NASA moon plans draw in private sector

01 Top Story Tata to build Indian Apple parts plant

India's Tata Group is reportedly partnering with the iPhone maker to set up a scalable mobile component manufacturing plant that could win market share from China.

02 ATF TV Developer Evergrande's woes

China’s largest property developer finds itself in a debt crisis and recoiling from a disappointing fund-raising effort. Analyst Andrew Collier speak to ATF TV

03 Asia Markets

Nikkei 225 falls 0.3% to 26,467.08; Hang Seng Index slides 0.8% to 26,304.56; CSI300 drops 0.2% to 3,410.2

04 ATF Big Picture

JD Health surges on Hong Kong debut. China biotech groups such as Ping An Good Doctor and AliHealth see soaring revenues amid coronavirus pandemic and are harbingers of new model of digital medicine delivery.

05 Rebound on its way

Here are the the key themes that prevail as we round off an investment year like no other; the health crisis has deep and structural implications for the global economy.

06 Davos-of-the-East

The World Economic Forum will hold its next annual meeting in Singapore, in a shift from its usual venue of Davos in Switzerland to take advantage of the Asian city’s lower coronavirus infection rate.

07 Trade of the Day

"China property continues to forge ahead with developer sales continuing strongly, up 23% year-on-year in November with our analysts expecting this strong performance to continue in December. Q1 should also perform favourably given the weak comparators with the Chinese/SE Asian economies impacted earlier in 2020 from COVID-19 than the Europe and US."  

Jefferies Research

08 Moon rock for $1?

Four missions would test for in-situ resource use for the Artemis programme, which aims to send people to the moon by 2024; meanwhile, Amazon boss Jeff Bezos' space company Blue Origin says it wants to fly the first woman to the moon.