Political Rhetoric Or Negotiating 101, PMIs Shine! BYD’s BOOM!

Key News

Asian equities were lower in advance of central banks hiking interest rates this week, while India managed a small gain and the Philippines and Taiwan underperformed.

“De-risking” is occurring across risk assets globally along with some profit taking following the strong stock year to date performance. This is occurring globally, not just in Asia or China. In Asia, and yesterday in the US, attention was given to the sharp increase in US political rhetoric such as a Tik Tok ban, Huawei, Taiwan war by 2025, etc. though, isn’t Secretary of State Blinken visiting China next week? Could these “leaks”/news be nothing more than a negotiating tactic? Seems like a logical strategy to me!