East Asia $CSOP LOW CARBON US$ (LCU.SG)$ • Asian markets surged alongside a global relief rally after the US paused reciprocal tariffs on most trade partners for 90 days, though China’s tariffs rose to 125%. The S&P 500 soared 9.5% on Wednesday. • After China retaliated with 34% tariffs on all imports from US over the extended weekend, US further retaliated and confirmed 104% tariffs on China (effective 9th April), which ...
East Asia $CSOP LOW CARBON US$ (LCU.SG)$YTD return: +2.40% • Monday was a SG public holiday. • LCU fell slightly in USD WTD, amidst uncertainty over Trump's impending tariffs (April 2), which had resulted in volatility and prompted economists to downgrade growth forecasts. • WTD losses are led by Xiaomi, Hitachi, and MUFJ. Xiaomi fell after one of its EV was involved in a dead...
Takeaway § Chinese equities are enjoying the best start of the year in history, even in the haze of tariff war. The continuing southbound funds and AI-related revaluation made HK stocks stand out, but a catch-up rally in A-shares is still possible. § Uncertainties in US tariff policies remain one of the largest threats to the global risk appetite, making the safe-haven assets like gold, US Treasury bonds, and JPY in good demand....
East Asia $CSOP LOW CARBON US$ (LCU.SG)$YTD return: +5.31% • LCU was relatively flat in USD WTD. • Markets are cautiously optimistic ahead of Trump tariffs (April 2) on hopes of narrower-than-expected trade sanctions as Trump hinted at tariff exemptions for key partners. • Despite that, China and Australia cautioned against broader global economic fallout from U.S. trade protectionism. • WTD gains a...
East Asia $CSOP LOW CARBON US$ (LCU.SG)$YTD return: +6.70% • LCU was up 2.45% in USD WTD as Asian equities rose on China stimulus optimism. • WTD gains are predominantly led by Alibaba, Tencent and Xiaomi. $CSOP SEA TECH ETF(USD) (SQU.SG)$YTD return: -14.79% • SQU's 0.92% WTD gains in USD are primarily attributable to Grab, GoTo and Delta Electronics. • Grab...
East Asia $CSOP LOW CARBON US$ (LCU.SG)$YTD return: +5.39% • Asian stocks were impacted by Trump's moves to curb Chinese investments into US technology, critical infrastructure, healthcare, agriculture, energy, raw materials. • Furthermore, weaker US consumer confidence stoked economic worries, which also further affected Asian stocks. $CSOP SEA TECH ETF(USD) (SQU.SG)$YTD return: -8.83% • De...
East Asia $CSOP LOW CARBON US$ (LCU.SG)$YTD return: +7.13% • The week began with China's tech-driven rally, fueled by DeepSeek's AI breakthrough and optimism about China's economic recovery, sparked by President Xi Jinping's meeting with business leaders, including Alibaba co-founder Jack Ma. • Goldman Sachs has increased its targets for Chinese e...
Global Outlook: US Still Matters Inflation Crisis will End Soon? Beware of Reflation High inflation has been a common predicament for countries in the post-pandemic era, leading to an expansion of the wealth gap and an intensification of social conflicts. Many voters have sought new governments to solve the problem of inflation, which was also the reason for the failure of incumbent parties around the world in the past 2024 election year. However, ...
East Asia 【$CSOP LOW CARBON US$ (LCU.SG)$/$CSOP LOW CARBON S$ (LCS.SG)$】YTD Return: +3.49% • The week started with President Trump imposing 25% tariffs on all US steel and aluminium imports, applicable to all countries, which unsettled markets, causing investors to seek safety. Nevertheless, Asian equities remained resilient and generally slightly rebounded after falling on Monday. ...
East Asia 【SQQ/SQU$CSOP SEA TECH ETF S$ (SQQ.SG)$】YTD Return: +30.60% • Sea Ltd's stock outperformed in 2H, rising 59% from mid-year to 29 Nov due to strong 3Q revenue and earnings, easing concerns over margin pressure from increased competition in Southeast Asia. • Amid potentially higher US tariffs on Chinese goods, this may benefit e-commerce in Southeast Asia. • JPM notes that since 2019, ASEAN's TMT sectors have ...
$CSOP LOW CARBON US$ (LCU.SG)$
• Asian markets surged alongside a global relief rally after the US paused reciprocal tariffs on most trade partners for 90 days, though China’s tariffs rose to 125%. The S&P 500 soared 9.5% on Wednesday.
• After China retaliated with 34% tariffs on all imports from US over the extended weekend, US further retaliated and confirmed 104% tariffs on China (effective 9th April), which ...
$CSOP LOW CARBON US$ (LCU.SG)$YTD return: +2.40%
• Monday was a SG public holiday.
• LCU fell slightly in USD WTD, amidst uncertainty over Trump's impending tariffs (April 2), which had resulted in volatility and prompted economists to downgrade growth forecasts.
• WTD losses are led by Xiaomi, Hitachi, and MUFJ. Xiaomi fell after one of its EV was involved in a dead...
§ Chinese equities are enjoying the best start of the year in history, even in the haze of tariff war. The continuing southbound funds and AI-related revaluation made HK stocks stand out, but a catch-up rally in A-shares is still possible.
§ Uncertainties in US tariff policies remain one of the largest threats to the global risk appetite, making the safe-haven assets like gold, US Treasury bonds, and JPY in good demand....
$CSOP LOW CARBON US$ (LCU.SG)$ YTD return: +5.31%
• LCU was relatively flat in USD WTD.
• Markets are cautiously optimistic ahead of Trump tariffs (April 2) on hopes of narrower-than-expected trade sanctions as Trump hinted at tariff exemptions for key partners.
• Despite that, China and Australia cautioned against broader global economic fallout from U.S. trade protectionism.
• WTD gains a...
$CSOP LOW CARBON US$ (LCU.SG)$ YTD return: +6.70%
• LCU was up 2.45% in USD WTD as Asian equities rose on China stimulus optimism.
• WTD gains are predominantly led by Alibaba, Tencent and Xiaomi.
$CSOP SEA TECH ETF(USD) (SQU.SG)$YTD return: -14.79%
• SQU's 0.92% WTD gains in USD are primarily attributable to Grab, GoTo and Delta Electronics.
• Grab...
$CSOP LOW CARBON US$ (LCU.SG)$ YTD return: +5.39%
• Asian stocks were impacted by Trump's moves to curb Chinese investments into US technology, critical infrastructure, healthcare, agriculture, energy, raw materials.
• Furthermore, weaker US consumer confidence stoked economic worries, which also further affected Asian stocks.
$CSOP SEA TECH ETF(USD) (SQU.SG)$ YTD return: -8.83%
• De...
$CSOP LOW CARBON US$ (LCU.SG)$ YTD return: +7.13%
• The week began with China's tech-driven rally, fueled by DeepSeek's AI breakthrough and optimism about China's economic recovery, sparked by President Xi Jinping's meeting with business leaders, including Alibaba co-founder Jack Ma.
• Goldman Sachs has increased its targets for Chinese e...
Inflation Crisis will End Soon? Beware of Reflation
High inflation has been a common predicament for countries in the post-pandemic era, leading to an expansion of the wealth gap and an intensification of social conflicts. Many voters have sought new governments to solve the problem of inflation, which was also the reason for the failure of incumbent parties around the world in the past 2024 election year.
However, ...
【 $CSOP LOW CARBON US$ (LCU.SG)$/ $CSOP LOW CARBON S$ (LCS.SG)$】YTD Return: +3.49%
• The week started with President Trump imposing 25% tariffs on all US steel and aluminium imports, applicable to all countries, which unsettled markets, causing investors to seek safety. Nevertheless, Asian equities remained resilient and generally slightly rebounded after falling on Monday. ...
【SQQ/SQU $CSOP SEA TECH ETF S$ (SQQ.SG)$ 】YTD Return: +30.60%
• Sea Ltd's stock outperformed in 2H, rising 59% from mid-year to 29 Nov due to strong 3Q revenue and earnings, easing concerns over margin pressure from increased competition in Southeast Asia.
• Amid potentially higher US tariffs on Chinese goods, this may benefit e-commerce in Southeast Asia.
• JPM notes that since 2019, ASEAN's TMT sectors have ...
No comment yet