The Asia Eight

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

January 15, 2021

TOP STORY: CNY lull set to send rare earth prices higher

ASIA MARKETS: HSI climbs, CSI300 flat, Nikkei 225 falls

3  ATF TV: Blockchain expectations high for 2021

ATF BIG PICTURE: China's carbon trading future

NEWS: Hyundai to build first H-cell plant in China

6 NEWS: China trade war kills 245,000 American jobs

NEWS: Trump fails to narrow US-China trade gap

NEWS: Resurgent Covid mars new year celebrations

01 Top Story Rare earth prices to rise as CNY pauses boom

Prices of mainstream rare earths in China have been on a rapid rise this year, boosted by demand for magnetic materials for new energy vehicles and wind power turbines, while the home appliance industry is also growing; Supply set to tighten and send prices higher

02 Asia Markets

HSI climbs 0.3% to 28,573.86, CSI300 flat at 3,566.38; Nikkei 22 falls 0.6% to 28,519.18

03 ATF TV High DLT expectations

Edward Moya at OANDA predicts wider adoption of blockchain in 2021

04 ATF Big Picture Carbon trading to be launched in China

SPD Bank's 2.08% bond climb 0.3%, to help push the returns-calculated ATF China Bonds 50 index higher for a third day. Read the full ATF index commentaries here.

05 Hyundai to open H-cell plant Korean car maker’s first overseas hydrogen facility a joint effort with Chinese firms, located in Guangdong province 

06 Trade war hits US jobs

The impact of China on the economy is immense, new study finds, as US joblessness soars to nearly a million new claims last week 

07 China-US trade gap widens

Donald Trump had made closing the trade gap with China a priority when he took office four years ago and launched a bruising trade war with Beijing, but the latest data shows it has widened, not shrunk, amid the global recession caused by the coronavirus

08 Covid fears mar CNY – again

Millions of migrant workers face the prospect of being unable to return to their home villages as resurgence of coronavirus in localised areas prompts new lockdowns