The Asia Eight

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

January 26, 2021

1 TOP STORY: Covid fears prompt CNY warning

2 ATF TV: What is behind the bitcoin surge?

3 ASIA MARKETS: HSI, CSI300 and Nikkei decline

4 NEWS: PBoC member's unemployment warning

5 NEWS: Hydrogen's green energy challenge to oil

6 NEWS: NZ-China strengthen terms of their FTA

7 NEWS: Evergrande EV unit gains on fundraising

8 ATF BIG PICTURE: Rare earths stocks lead rally

01 Top Story Covid: Chinese told to stay at home at CNY

Notice from top authorities in Beijing says citizens should avoid movement as they celebrate the Chinese New Year, usually a 2-4 week break

02 ATF TV Bitcoin surge

OANDA senior analyst Edward Moya explains the fundamentals behind the recent surge in the world’s most valuable cryptocurrency

03 Asia Markets

HSI falls 2.6% to 29,391.26, CSI300 declines 1.5% to 3,569.43 and the Nikkei 225 loses 1% to 28,546.18

04 China jobless warning

PBoC member Ma Jun recommends against setting specific gross domestic product targets amid uncertain economic conditions caused by lingering effects of coronavirus pandemic

05 Hydrogen threat to oil

The new energy kid on the block is 'green' hydrogen, produced via renewables; it has the potential to provide clean power for manufacturing, transportation and other sectors; and there is even 'blue' hydrogen; OPEC+ and Russia may be hit hardest

06 NZ-China upgrade FTA

New Zealand was one of the first countries to sign an FTA with Beijing and is due to host the APEC summit later this year; tariffs will be cut on many NZ commodities and access granted to other sectors; China keen to bolster its image as a champion of multilateral trade

07 Evergrande EV surges

Market shows confidence in the property giant’s EV project and the group's ability to counter its financing woes, following reports that the group’s strategy encountered delays and government scrutiny.

08 ATF Big Picture

Rare earths stocks are among the big gainers that are leading an equities rally in China