Umesh Desai

Umesh Desai is Executive Editor at Asia Times Financial and Finance Editor at Asia Times.

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Mood soured by vaccine rollout, valuation worries

Mood soured by vaccine rollout, valuation worries

(ATF) Hong Kong: Asian markets were hammered amid worries that vaccine rollouts will slow and on concern that stocks are overvalued. Some analysts said the rally had over-reached their earnings recovery.The vaccine rollout in Europe has lagged expectations with a row between the EU and drug maker AstraZeneca implying there …

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Markets retreat after US stimulus delay, China bubble warning

Markets retreat after US stimulus delay, China bubble warning

(ATF) Hong Kong: Asian markets were slammed by concern about the delay in passage of the US pandemic aid package with Beijing’s worries around asset bubbles also hurting sentiment.PBoC adviser and influential economist Ma Jun said potential bubbles in stocks and properties are a risk if Beijing fails to shift …

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Markets this week: GDP data, Fed meeting

Markets this week: GDP data, Fed meeting

ECONOMIC EVENTSFinancial markets will be on the edge at the start of the week as the resurgence in the pandemic in various parts of the world dims the economic optimism triggered by the $1.9 trillion US stimulus. The US Federal Reserve meets mid-week but that is unlikely to see any …

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Stocks fall as lockdown concerns outweigh stimulus cheer 

Stocks fall as lockdown concerns outweigh stimulus cheer 

(ATF) Hong Kong: Asian markets ended the week on a jittery note as restrictions to curb escalating coronavirus cases dented optimism over earnings and the mammoth US stimulus programme.The outlook was also damped by President Joe Biden’s warning that Covid cases "are going to continue to mount” in the US …

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Fiscal spending optimism sustains rally 

Fiscal spending optimism sustains rally 

(ATF) Hong Kong: Asian markets extended gains on confidence the new Biden administration’s fiscal spending would lift incomes and boost corporate earnings.Japan’s Nikkei 225 index advanced 0.82%, Australia’s S&P ASX 200 added 0.79%, China’s CSI300 jumped 1.62% but Hong Kong’s Hang Seng index inched down 0.12% as tech heavyweights Alibaba …

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China's multiple bond investment channels get busy

China's multiple bond investment channels get busy

(ATF) The development of China’s bond market is critical to the world’s second largest economy as it seeks to improve the allocation of resources and greater integration with the global financial system.Since 2010, when China took the first step to launch a pilot allowing foreign central banks and monetary authorities, …

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Biden trade gives market rally legs 

Biden trade gives market rally legs 

(ATF) Hong Kong: Asian markets extended their gains ahead of President elect Joe Biden’s inauguration after Janet Yellen, his nominee for Treasury Secretary, urged lawmakers to “act big” on coronavirus relief spending."Economists don't always agree, but I think there is a consensus now: without further action, we risk a longer, …

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