The Asia Eight

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

January 13, 2021

1 TOP STORY: WhatsApp privacy U-turn stokes worry

2 ATF BIG PICTURE: WhatsApp opens Pandora's box

3 ATF TV: Assessing implications of China credit risks

4 ASIA MARKETS: HSI, CSI300 fall; Nikkei 225 climbs

5 COMMENT: Bets on when the Fed will begin tapering

6 NEWS: Nio takes wraps off Tesla-killer sedan

7 NEWS: US gives SMIC brief OTC trading reprieve

8 NEWS: Lenovo signals plan to list in Hong Kong

01 Top Story Indians dump WhatsApp on privacy plan

Companies are getting staff to shift to other apps over new policy that users must agree to share data with Facebook, which could then be sold to others; they fear it will be a threat to business, while analysts say it could compromise users’ data

02 The ATF Big Picture

03 ATF TV Default risks

Managing Director at Deep Learning Investments Rajeev de Mello, considers the implications for China’s fixed-income markets of the recent spate of corporate defaults

04 Asia Markets

HSI falls 0.2% to 28,235.60; CSI300 drops 0.3% to 3,598.65 and Nikkei 225 rises 1% to 28,456.59

05 Comment

"The implied probability for a (Fed) hike by the end of 2022 has risen from 10% pre-Georgia run-offs to now 35%. Impeachment is a concern for the fiscal stimulus timeline, which will impact the Fed outlook. Still, it may only push things back by a week or two beyond the inauguration to late January/early February."

Stephen Innes, Chief Global Market Strategist at Axi

06 Nio unveils NEV sedan

Analysts say homegrown NEV outperforms high-profile American rival Tesla; data suggests world’s largest auto industry is set for 2021 rebound  

07 SMIC gets US reprieve

Chinese chipmaker told that trading in the shares, which had been suspended since last Wednesday, was allowed to resume until the end of the month

08 Lenovo eyes HK listing

Chinese computer maker has bounced back from coronavirus with the PC boom that has seen global shipments top 300 million units; Lenovo's shipments ranked first with 24% of the market; now, it wants to issue new common shares of up to 10% of all issued