Daily must-reads from the world’s most dynamic region
November 5, 2020
Potential Joe Biden presidency excites markets eager for fresh US stimulus.
Whoever comes out victorious may find themselves fighting a new kind of trade war.
China is set to have sold a record amount of bonds to aid its recovery this year.
Huawei maps out the future for a digital China.
01 Trade war could turn to tech war
An America divided and distracted amid political gridlock could take the sting out of the trade war with China, which was a focus for President Trump. But there is a threat it could turn into a tech war no matter who wins the presidential election.
The increasing likelihood of a Joe Biden presidency in the US lifted risk assets across Asia and also helped prop up US Treasuries on bets that the Democratic challenger will ease through post-pandemic recovery measures faster than President Trump.
Huawei says it has China’s digital destiny in hand, literally. The tech and telecom giant has outlined a future in which all human contact with the virtual world, including the internet-of-things and other networks, will be accessed by a single device.
BMW’s latest results suggest earnings at Brilliance BMW Automotive, or BBA, grew 46% year over year during the third quarter, coming ahead of our estimates... we think the firm should be relatively sheltered from its parent’s debt problems.
Ivan Su, Morningstar
07 Ant Vs. China
China's last-minute abandonment of Ant Group's record-breaking IPO stems from an intensifying battle for the soul of the nation's financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.
"Amid the accelerated transition to a remote work environment, a large proportion of APAC organisations witnessed an increase in the cybersecurity challenges they faced. Nearly seven in 10 organisations experienced a jump of 25% or more in cyber threats."
Kerry Singleton, managing director of cybersecurity in Asia Pacific, Japan and China for Cisco.