Asia - Economic Data & News 02 (Jul 16 - Dec 25)

[behappyalways]

Optimistic about Asia’s economic development in the Year of the Dragon, South Asia and Southeast Asia will take advantage of the opportunity to rise

看好龍年亞洲經濟發展 南亞.東南亞趁勢崛起｜FOCUS午間新聞 20240220 @tvbsfocus

https://m.youtube.com/watch?v=QygI4GS0bwQ

[behappyalways]

Tourism recovery in Southeast Asia is slow, actively develop fan tourism business opportunities

東南亞觀光復甦慢 積極發展粉絲旅遊商機｜FOCUS午間新聞 20240307 @tvbsfocus

https://m.youtube.com/watch?v=x4z4CFsFj8s

[behappyalways]

Fight together against China!
India builds a Sino-Indian border tunnel and the United States spends 2 billion US dollars to fight against the Belt and Road Initiative

齊抗中! 印度修建中印邊界隧道 美砸20億美金對抗一帶一路｜TVBS新聞

https://m.youtube.com/watch?v=MMBipAw8t-I

[behappyalways]

Chinese-built dams threaten Mekong ecosystem
https://m.youtube.com/watch?v=svmIu6v0gWQ

[behappyalways]

India vs. China: What's really behind their rivalry? | Mapped Out
https://m.youtube.com/watch?v=yeXzB53Xu08

[behappyalways]

India could be set to overtake China in terms of total equity market capitalization over the next few years
https://twitter.com/Mayhem4Markets/stat ... 5517360165

[behappyalways]

Singapore media observes East Asian youth: Taiwan, Hong Kong and Mainland China each have their own difficulties

新加坡媒體觀察東亞青年 台港陸各有困境｜十點不一樣20240501

https://m.youtube.com/watch?v=O5hSGb7jkYQ

[behappyalways]

The youth unemployment in Mainland China is so high that they should fold their cards!
South Korea has 1/5

陸青年失業高乾脆蓋牌! 南韓有1/5「躺平族」｜十點不一樣20240502

https://m.youtube.com/watch?v=88M8i3KW4GU

[winston]

<Research>G Sachs Remains Constructive on Asian Equities, Lifts CSI 300 Target to 4,100

Goldman Sachs noted in a report that it maintained a constructive view on Asian equities, with Chinese equities having rallied 32% from their January lows, making them one of the best-performing markets in the region, and it believed that such growth could be sustained.

The broker raised its 12-month target for the MSCI China Index from 60 to 70, and its target for the CSI 300 Index from 3,900 to 4,100, representing potential gains of 12% and 14% respectively from current levels.

According to Goldman, the uptrend in the mainland stock market is mainly driven by two policy developments.

First, the support for buying existing property stock for public sector use bolstered the property market on the supply side. Together with measures to boost demand, it could help stabilise residential sales, property prices and completion progress if implemented on a large scale.

Second, the new "Nine Mesaures", which strengthens the regulation of the capital market, will enhance the quality of listed companies and investor protection.

Related News: IMF Raises CN Economic Growth Forecast for This Yr to 5%

The broker expected that policy implementation and corporate earnings growth would support a rise in the mainland stock market, with the main focus being the 3rd Plenary Session of the CCP Central Committee in July.

At the same time, Goldman believed that Asia's macro-economies remain dynamic, with China, Hong Kong, Taiwan and Malaysia, rising relatively faster, reflecting greater sensitivity to the macro-environment.

Market performance was driven by the Mainland's positive property measures and the AI theme. Indonesia, the Philippines and South Korea performed less favourably.

Looking to 2H, the broker believed that economic growth would continue, with the technology equipment sector, Taiwan and South Korea benefiting from US growth.

Chinese economic growth would meanwhile be favourable to both the Mainland and Hong Kong stock markets, as well as to the internet and automotive sectors.

The Indian market is resilient in the face of high interest rates and a strong USD.

Finally, growth in the region, high interest rates and strong USD are all favourable for the energy sector.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN