The Asia Eight

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

January 8, 2021

1 TOP STORY: Honor joins Qualcomm after Huawei split

2 NEWS: China cuts Covid drugs prices, eases access

3 ATF TV: English-bias hampers Indian digital goals

4 ASIA MARKETS: HSI, Nikkei 225 climb; CSI300 falls

5 NEWS: Investors back stocks punished by Trump

6 NEWS: China expert joins White House exodus

7 COMMENT: US dollar weakness comes into focus

8 ATF BIG PICTURE: Hyundai surges on Apple EV news

01 Top Story Honor signs Qualcomm 5G deal

Budget smartphone brand that Huawei hived off after suffering a chip shortage caused by US sanctions, is resuming its partnership with Qualcomm; Honor smartphones powered by Qualcomm’s 5G chips are in the works, local media say

02 Covid drug prices cut

Drugs related to the treatment of Covid-19, plus anti-cancer medicines, were put on the national insurance catalogue after negotiations with producers

03 ATF TV English-bias hurdle of Indian web

MAIT CEO George Paul speaks to ATF TV

04 Asia Markets

HSI climbs 1.2% to 27,878.22; CSI300 falls 0.2% to 3,570.11; Nikkei 225 rises 2.4% to 28,139.03

05 Trump trade unwinds

Chinese bargain hunters pile into stocks blacklisted by outgoing president as he loses his grasp on power – and his reputation dives following US Capitol siege

06 White House exodus

President Trump saw growing numbers of staff quit after he encouraged a mob attack on the Capitol in Washington; they include China expert Matt Pottinger, who resigned as deputy national security adviser, Transportation secretary Elaine Chao and Education secretary Betsy DeVos

07 Trade of the Day

“The negative US dollar narrative on the back of additional stimulus seems to have run its course. With US yields outperforming and the hefty short USD positioning, the risk of a squeeze could be on the cards, as the positive momentum in EURUSD has faded a bit during the last 48 hours."

Stephen Innes, Chief Global Market Strategist at Axi

08 The ATF Big Picture Hyundai's Apple EV boost