The Asia Eight

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

December 16, 2020

1 TOP STORY: China giants in anti-trust cross-hairs...

2 NEWS: ...along with their US counterparts

3 ATF TV: Chinese local government credit risk

4 ASIA MARKETS: Nikkei, HSI climb; CSI300 flat

5 NEWS: Factory violence at Apple India contractor

6 NEWS: Ride-hailer Ola bets on EV scooters in India

7 COMMENT: More China sanctions loom over Australia

8 ATF BIG PICTURE: Runaway bond issuance in China

01 Top Story China widens anti-trust crackdown ...

Tech giants such as Alibaba, Tencent, Meituan and Pinduoduo have been warned by the country's top decision-making body they will face 'stronger anti-monopoly efforts and prevent the disorderly expansion of capital'.

02 ... and so do others

As a European Union draft plan threatens companies with fines and even break-up, Silicon Valley is under assault from Australia, India and at home from state attorneys general. 

03 ATF TV Assessing local Chinese credit risk

Ke Chen, chief analytics officer at credit ratings company Pengyuan, speaks to ATF TV.

04 Asia Markets

Nikkei 225 climbs 0.3% to 26,757.40; Hang Seng Index rises 1% to 26,460.29; CSI300 flat at 3,366.98.

05 Apple India setback

Wistron threatens to cut production and labour unrest in the contract maker’s Bengaluru plant, posing an added challenge for Apple in India.

06 Ola targets EV future

The ride-hailing company is betting on its well-funded EV arm to roll out electric scooters in India, and in markets around the world including Europe, Asia and Latin America.

07 Comment

"This raises the risk that while China and the broader region look set for a continued rebound in growth, Australia may enjoy fewer of the benefits than usual."

Nomura strategist Andrew Ticehurst on China’s spiralling sanctions threats on Australia

08 The ATF Big Picture