The Asia Eight

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

February 03, 2021

1 TOP STORY: Brilliance shares surge on takeover plan

2 ATF TV: Resurgent Covid in China and dollar trade

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

4 NEWS: India's tax plan to lure aircraft leasing firms

5 NEWS: Coup chills foreign investors in Myanmar

6 NEWS: Microsoft challenges Google, FB on Oz news

7 NEWS: Asian stocks at risk as Reddit rally fizzles

8 ATF BIG PICTURE: Coup threat to rare earths supply

01 Top Story Brilliance auto soars on takeover plan

Shares of BMW's main Chinese partner jump as news emerges that state-owned FAW Group is looking at buying out Huachen Automotive, which is on the brink of bankruptcy, and other shareholders

02 ATF TV Dollar and Covid

The resurgence of coronavirus clusters, especially in China, has implications for the dollar trade, Stephen Innes of Axi explains

03 Asia Markets

HSI climbs 0.2% to 29,307.46, CSI300 loses 0.5% to 3,517.31 and the Nikkei 225 advances 1% to 28,646.50

04 India in plane tax lure

Delhi announces tax benefits for foreign aircraft lessors, as one of the world’s fastest-growing domestic aviation markets looks to establish a leasing industry in Gujarat

05 Myanmar trade chilled

Global commodities trader Trafigura and Japanese automotive parts maker Denso among multinationals ceasing production due to coup over worker safety concerns

06 MS takes on Google, FB

US software giant, in a pointed statement, says it appreciates Australia's contribution to its growth as a company and is committed to supporting public interest journalism and country's 'national security'

07 Asia eyes Reddit slide

The Reddit rally is starting to fizzle, with GameStop down by over 50% on the day and silver retracing most of a rise that was driven by retail investors; Asian stocks that had joined the online surge could now pull back too

08 ATF Big Picture Coup threat to rare earth supply

China, the dominant global supplier of rare earths, has major interests in Myanmar and while trade in the precious minerals is unaffected for now, potential halts to production can’t be ruled out