The Asia Eight

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

December 17, 2020

1 TOP STORY: Beijing blasts US criticism of Mekong policy

2 NEWS: China spared currency manipulator claim

3 ATF TV: Chinese local government credit risk

4 ASIA MARKETS: Nikkei, HSI and CSI300 advance

5 NEWS: Biden urged to hold US line against China

6 NEWS: BOJ adds more stimulus as virus spreads

7 TRADE OF THE DAY: Looking beyond equities

8 ATF BIG PICTURE: SMIC handed $2.45bn by state

01 Top Story Beijing anger at US' Mekong criticism

New Washington project monitors Chinese dam levels amid criticism of Beijing's water management that has seen reservoirs fill up while downstream neighbours suffer drought.

02 China 'no FX rigger'

Switzerland and Vietnam - not China - are branded currency manipulators by the US; inflows to China’s bond markets by US investors could be boosted by the reprieve. 

03 ATF TV What 2021 may have in store for us

Mark Konyn, Group Chief Investment Officer at Hong Kong-based insurance group AIA, speaks to ATF TV.

04 Asia Markets

Nikkei 225 climbs 0.2% to 26,806.67; Hang Seng Index rises 0.8% to 26,678.38; CSI300 gains 1.1% 3,404.87.

05 Biden China warning

'Hold their feet to the fire,’ US trade tzar Lighthizer says, adding that Beijing had done a 'reasonably good job' implementing some parts of agreement signed in January.

06 New Japan stimulus

With the resurgence in coronavirus cases taking a toll, Yoshihide Suga's administration is trying innovative policy measures to combat potential market snags.

07 Trade of the Day

"Traders know that the Fed will give plenty of warning before it starts the tapering process, so for now, the path of the least resistance in terms of the gold price is skewed to the upside."

Naeem Aslam, Chief Market Analyst at AvaTrade

08 The ATF Big Picture SMIC gifted $2.45bn

Tech giant also scoops $460 million of investment despite being added to US blacklist and a boardroom shake-up.