global markets

Tong's Portfolio

Goldman says Covid-19 vaccine approval could upend markets

If this happened along with a change in the US administration, emerging market equities could benefit “if trade policy risks diminish while US tax risks rise”, according to the note.

Global Markets

Assessing the risk scenarios: Selloff. Rebound. Now what?

One of the biggest fears in the markets now is a second Covid-19 wave. A second confinement period to halt another outbreak is of particular concern, as it would halt economic activity again and destroy the nascent recovery.

Global Markets

Asia stocks to have muted start to 3Q20

Asian stocks were poised for a muted start to a new quarter, with investors assessing better-than-estimated US economic data amid concern over the coronavirus spread and Sino-American tensions.

Global Markets

Millions of small investors pile into Asian stocks, making pros nervous

When the coronavirus pandemic sent shares plunging, you didn’t have to be a professional investor to spot a buying opportunity. In fact, it might be better if you weren’t.

Global Markets

Asian stocks set for gains after late rally on Wall Street

Asian stocks looked poised for gains after a late rally on Wall Street, as investors weighed the prospects for additional stimulus against the spike in U.S. virus cases.

Global Markets

Asia stocks climb after Trump says US-China trade deal intact

Asian stocks climbed and the yen retreated after President Donald Trump said that the US-China trade deal is intact, easing doubts sparked by reported comments from a senior adviser.

Global Markets

Asian stocks set for mixed start to Friday trading after muted session on Wall Street

Asian stocks looked poised for a mixed start to Friday trading after a muted session on Wall Street saw shares end little changed. Treasuries and the dollar rose.

Global Markets

Asia stocks mixed on recent rally in risk assets, S&P 500 futures swing after US equities closed higher in markets wrap

Asian stocks were mixed as investors weighed the recent rally in risk assets alongside evidence of a U.S. economic recovery and lingering concern over further coronavirus outbreaks. The dollar steadied following gains.

Global Markets

Market updates: Asian stocks and US futures climb; US dollar drops

Asian stocks rebounded from their biggest decline since March and U.S. futures climbed after news about US monetary and fiscal stimulus plans bucked up investor sentiment in face of worries over a second wave of the coronavirus.

Global Markets

Asia stocks show resilience on back of grim Wall Street selloff

“I think Asia may outperform the U.S. in the near term,” said Andy Wong, a fund manager at LW Asset Management. The risk of a new wave of infections “seems fairly low in Asia as the virus is still largely contained.”
×