Bloomberg Daybreak: Asia Edition Supreme Court Tariffs Hearing, Asian Stocks Gain as Dip Buyers Lift Wall Street
13 snips
Nov 6, 2025 Mark Cranfield, a Bloomberg Markets Live strategist in Singapore, delves into the Supreme Court's skepticism about Trump's tariffs and their limited impact on Asia. He explores Japan's stock rally driven by weak yen and government stimulus. Robert Schein, Chief Investment Officer at Blanke Schein Wealth Management, discusses the recovery of US tech and semiconductor sectors, advising on stock selection in the AI space. Both guests highlight market implications of Fed policies and the importance of strategic cash positioning in a volatile environment.
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Tariff Ruling Likely A Long, Market‑Lite Process
- The Supreme Court hearing on Trump's tariffs drew skepticism and could force refunds >$100 billion if decided against the president.
- Markets expect a long timeline for clarity so traders aren't pricing an immediate material impact.
Shutdown Seen As Dollar And Yield Pressure
- A US government shutdown would likely weaken the dollar and push flows into Asian currencies and bonds.
- Continued shutdown pressure could lower US yields and make Fed easing more likely, affecting Asian markets.
BOJ Dovishness Keeps Yen Under Pressure
- The yen's weakness reflects a timid Bank of Japan stance despite Ministry of Finance verbal interventions.
- With BOJ unlikely to hike soon, traders see little reason to buy the yen back yet.