The Asia Eight

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

January 25, 2021

1 TOP STORY: Nio boosted by Nomura buy rating

2 ATF TV: Indexes are now the new hedge funds

3 ASIA MARKETS: HSI, CSI300 and Nikkei climb

4 NEWS: Kuaishou plans mega-IPO in Hong Kong

5 NEWS: Taiwan seeks TSMC chip output answers

6 NEWS: Sumitomo cuts oil exposure in ESG move

7 NEWS: Hydrogen plan to clean up steel industry

8 ATF BIG PICTURE: China, India buck FDI trends

01 Top Story Nio climbs on positive Nomura report

Chinese electric vehicle maker Nio is boosted by Nomura ‘buy’ rating; comparison to $800 billion Tesla helps another wave of stock buying

02 ATF TV Index growth

ATF Head of Data and Technology Peter Knez explains how the Asia-facing indexes are emerging as a key driver of investment

03 Asia Markets

HSI climbs 2.4% to 30,159.01, CSI300 adds 0.5% to 3,624.24 and the Nikkei 225 advances 0.7% to 28,822.29

04 TSMC chip output probed

Taiwan’s economy minister's summons follows an appeal from German government to Taipei asking for a boost in production of chips to help European nation's ailing car industry

05 Kuaishou eyes HK IPO

Ten shareholders, led by Capital Group, have become cornerstone investors and if the tech company raises upper end of $6.2 billion, it will beat Budweiser Brewing listing

06 Sumitomo cuts oil assets

Japanese trading company joins peers and global miners in cutting exposure to coal operations to trim harmful carbon dioxide emissions and slow down climate change

07 Green plan for steel

Australian iron ore magnate Andrew Forrest says he will start work on a pilot plant this year that will try to use 'green hydrogen' to eliminate greenhouse gas emissions; billionaire says it has the potential to transform steel making if they can achieve that goal

08 ATF Big Picture FDI data

China was the largest recipient of foreign direct investment last year, bringing in $163 billion; a swift recovery from Covid-19 helped its economy