The Asia Eight

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

December 9, 2020

1 TOP STORY: Deflation comes back to haunt China

2 ATF TV: Asset sales can't lift gloom at property giant

3 ASIA MARKETS: ATF CB50, Nikkei, HSI climb; CSI300 falls

4 ATF BIG PICTURE: Where we stand on Covid vaccines

5 NEWS: Japanese machinery orders offer hope

6 NEWS: Goldman Sachs seeks JV buyout in first for China

7 TRADE OF THE DAY: Coronavirus, vaccines and oil gluts

8 NEWS: The company assessing climate risk in HK

01 Top Story Deflation crashes recovery party

Just as China’s economy began to look bullet-proof, consumer prices data suggest it could be firing some blanks.

02 ATF TV Grande design

China Evergrande's asset sale offers mixed blessings for investors. Orient Capital Research analyst Andrew Collier speaks to ATF TV

03 Asia Markets

ATF China Bond 50 adds 0.01%, Nikkei 225 climbs 0.4% to 26,817.94; Hang Seng Index advances 0.8% to 26,502.84; CSI300 drops 1.1% to 3,371.96.

04 ATF Big Picture

05 New Japan optimism

Promising machinery data is clouded by dangerous surge in coronavirus cases that threatens to undermine confidence in fledgling premiership of Yoshihide Suga.

06 GS eyes JV buyout

Goldman Sachs aims to take 100% ownership of its Chinese securities joint venture, which would mark a first as global banks push to increase their presence in China.

07 Trade of the Day

“Optimism around the coronavirus vaccine is helping oil prices. However, traders will be looking closely at the upcoming crude inventory data. If we see that there is more of a glut, it is likely to make investors more nervous as they know that the OPEC cartel is going to open the liquidity taps from next month. And if there is not sufficient demand, more supply will only make matters more challenging."

Naeem Aslam, Chief Market Analyst, AvaTrade

08 Weather profits

This Hong Kong firm specialises in assessing projects and companies for problems linked to extreme weather over periods of five to 10 years.