Bloomberg Daybreak: Asia Edition China to Suspend Some Rare Earth Curbs, US Chip Firm Probes
10 snips
Nov 3, 2025 In this engaging discussion, Paul Dobson, Bloomberg's Executive Editor for Asia Markets, dives into China's suspension of rare earth export controls and the implications of the US-China trade pact. He highlights steady growth across Asia's economies amidst PMI releases. Carol Schleif, Chief Investment Officer at BMO Capital Management, offers insights on Big Tech earnings amid waning consumer sentiment and the impact of AI on market valuations. She warns of risks in private credit while advocating for diversified tech investments.
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Rare Earths Became Strategic Leverage
- China used rare-earths and other industrial levers as bargaining chips in trade talks with the U.S..
- Both sides gained concessions but China appears relatively stronger in this negotiation cycle.
De‑Risking Not Decoupling Shapes Policy
- The U.S. and China are pursuing de‑risking rather than full decoupling of their economies.
- That creates a complex split where each side vies for influence and custody of key supply chains.
Tech Rally Drives APAC Market Focus
- Tech remains the dominant market theme and will drive APAC market direction this week.
- Japan's equity strength pairs with a weaker yen, creating divergent impacts across markets.