Jamie McGeever
(Reuters) – View of the day ahead of the Asian markets.
Asian markets go to the new week on the front leg, supported by a weaker dollar, continuing reflection in China and a wider transition to global assets, as investors turn from the “American exceptional” stores that served them so well last year.
The main event of the calendar is GDP data in the fourth quarter of Japan. Economists expect annualized growth of 1.0%, according to a Reuters survey, slightly less than a revised 1.2% expansion in July to September, while commercial investments loading weak consumption.
The dollar is on a two -month minimum that stretches a delay in the Trump Administration's tariff proposals that are actually implemented. President Donald Trump's final tariff goal did not have to change, but the journey takes longer than many analysts perhaps expected, and this gives some relief to the markets and weighing the dollar.
The dollar is down four days in a row, its longest lane loss since August. Most of the key currencies on the emerging market are now against the Greenback year, except for Indian rupees.
The developing and Asian assets of the wider lift get. The ex -japan MSCI Asia has been reflected in the last month, which is an impressive step, but not a patch on the stocks of Hong Kong – Hang Seng has increased by 20%in the last month and the Hang Seng index is 30%.
Bank of America's analysts note that Trump 20 inauguration is involved in Chinese companies Big Tech 'Batx' – Baid, Alibaba, Tencent and Xiaomi – by 22%, while the American “magnificent seven” are 0%.
Wisdomtree's shares manager Jeff Weniger notes that the Chinese “amazing ten” groups of the best technology shares now “crushed” the spectacular seven. How much juice remains in this move?
If Deepseek shows that China is very much in the AI global plant, this trend could continue – Chinese stocks are extremely undervalued compared to their American peers and as BOFA analysts not only remark 1 trillion USD compared to MAG Seven $ 17 trillion.
Elsewhere in the Tech/AI, Tai -Wan semiconductor production of CO and Broadcom, every potential shops that would disrupt us with the Intel icon on two, reported The Wall Street Journal on Saturday.
Meanwhile, the rapidly moving geopolitical development around the Russian-Ukraine War returns to the investor radar. French President Emmanuel Macron will host an emergency European summit on Monday after US officials have suggested that Europe would not have a role in interviewing the conflict, a peace process that would seem to be carried out between the US and Russia.
