The Asia Eight

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

March 30, 2021

1 TOP STORY: China stock swing fears on prime broker cuts

2 ATF TV: Is China's rapid economic recovery sustainable?

3 THE ATF BIG PICTURE: China bonds bound for FTSE indexes

4 ASIA MARKETS: HSI, CSI300 and Nikkei 225 advance

5 NEWS: Suez Canal is open again after stuck ship refloated

6 NEWS: US accuses Malaysia's Top Glove of labour abuses

7 NEWS: Geely, Baidu-backed Ecarx in deal to make EV chips

8 NEWS: Visa gives crypto blessing but buyers must beware

01 Top Story

China stock swings seen on prime brokerage cuts

Credit Suisse and Nomura face big losses from their exposure to Archegos Capital; if they and other banks cut back on prime brokerage exposure there could be further stock sales

02 ATF TV Can China keep growing at its current pace?

With production still outflanking consumption, can China's recovery be considered sustainable? Rohini Malkani, Global Sovereign Ratings analyst at DBRS Morningstar, considers the question.

03 ATF Big Picture China bonds are FTSE-bound

Highly regarded provider opens the door to future inclusion of Indian sovereign paper, adding country to watch list for its FTSE Emerging Government Bond Index

04 Asia Markets Bourses gain across the region

Hong Kong’s Hang Seng climbs 0.8% to 28,577.50, China’s CSI300 adds 0.6% to 3,456.68 and Japan’s Nikkei 225 advances 0.2% to 29,432.70

05 Suez Canal is open again

Jubilation in Egypt after salvage team gets Ever Given free after dredgers dug out vast amounts of mud and sand; More than 100 ships banked up both north and south of the canal were reported to have gone through the narrow waterway by early Tuesday

06 Glove maker abuse claims

US officials warn they will seize products made by Malaysia’s Top Glove if they arrive at American ports

07 Ecarx to EV chip rescue

Startup launched in 2016 specialising in smart car and high-definition mapping software signs another high-profile deal a week after pact with Volvo Cars

08 Visa backs pay by crypto

Rapid fluctuations in bitcoin show consumers must carefully examine their risk of losses in transactions – especially if their Teslas break down