Showing 1 - 9 of 9
Southeast Asia squeezed by superpowers
News, Manishi Raychaudhuri, Published on 15/11/2025
» Southeast Asian nations are in a bind. While the Association of Southeast Asian Nations' (Asean) exporters face increasing pressure from US tariffs and heightened scrutiny of transshipments, their domestic markets are increasingly being dominated by Chinese goods.
Can India's service sector survive US disruption?
Oped, Manishi Raychaudhuri, Published on 21/10/2025
» India's long-vaunted services sector has been boosted in recent years by the exponential growth of Global Capability Centres, multinational corporations' offshore hubs. However, President Donald Trump's administration is now threatening to dramatically alter the landscape for Indian workers, even as GCCs face several domestic challenges.
China's uphill fight vs price wars
News, Manishi Raychaudhuri, Published on 14/08/2025
» Overcapacity has made its way into China's domestic market, with price wars leading to collapsing profitability and accelerating deflation. The government has responded by launching a so-called "anti-involution" programme to combat deflationary price wars. It's had some early wins, but this could be a lengthy battle.
US capital flight a boon for Asia
News, Manishi Raychaudhuri, Published on 06/06/2025
» As global investors consider reducing their exposure to US financial assets, the key question is where money flowing out of the US will go. While Europe may be the obvious destination, relative value metrics may favour emerging Asia.
Asean countries are facing their own 'China shock'
News, Manishi Raychaudhuri, Published on 20/05/2025
» As the United States and Europe have sought to loosen their economic ties with China in recent years, Beijing has focused on expanding its export markets across the "Global South", particularly in Southeast Asia. But this could create significant economic risks as the region's manufacturers struggle to compete. Regardless of the contours of any eventual US-China trade deal, Beijing's exports to America seem destined to continue falling, as do those to the European Union. The bloc has been seeking to "de-risk" from Chinese imports and supply chains, particularly when it comes to electric vehicles, batteries and solar power equipment.
Asian equities win in US recession
News, Manishi Raychaudhuri, Published on 06/05/2025
» If a recession materialises in the United States this year, the relative performance of US and Asian equities will likely be quite different from what investors have seen in past decades. Indeed, the latter may be the "risk-off" trade this time around.
Will Trump's trade war be a 2018 replay in Asia?
News, Manishi Raychaudhuri, Published on 21/03/2025
» While the unfolding tariff war has many similarities with Donald Trump's first trade skirmish in 2018 -- including levies on aluminium and steel and a "stop-go" trajectory -- that's where the resemblance ends.
Don't expect the 'Korea discount' to disappear
News, Manishi Raychaudhuri, Published on 19/12/2024
» South Korea has recently been in the news for all the wrong reasons, with a brief spell of martial law, continuing political uncertainty and market ructions. But the sharp underperformance of the country's equity market long predates the turmoil involving recently impeached President Yoon Suk-yeol. The deep-rooted problems suggest the so-called "Korea discount" is unlikely to budge even after political calm has been restored.
China stimulus spurs healthy mean reversion
News, Manishi Raychaudhuri, Published on 23/11/2024
» It's still unclear whether the Chinese government's efforts to revive the country's ailing economy will prove successful, but the stimulus measures already appear to be having one positive side effect: valuations in most Asian equity markets have shifted into healthier territory.