Bloomberg Daybreak: Asia Edition Syria’s Assad Toppled, Asian Markets Cautious as Political Tensions Rise
8 snips
Dec 9, 2024 
Lorraine Tan, Director of Asia Equity Research at Morningstar, joins the discussion to unpack the political upheaval following Bashar al-Assad's regime in Syria. They dissect the implications of a power vacuum and the prospects for unity among fractured factions. The conversation also shifts to political tensions in Asia and their impact on markets, particularly in South Korea and China. Tan highlights promising investment opportunities within China's consumer sectors, while examining how rising geopolitical risks are shaping trader reactions.
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Opportunity in Syria
- The fall of the Assad regime presents an opportunity for cautious optimism in Syria.
- Success hinges on cooperation between rebel groups, including HTS, and a pluralistic federation.
Focus on Syrian People
- Focus should be on the Syrian people filling the power vacuum.
- Turkey should avoid excessive control, and the US should help stabilize the northeast.
Assad's Downfall
- Bashar al-Assad, initially seen as a potential reformer, aligned with brutal generals.
- He missed opportunities for reconciliation, leading to a slow then sudden collapse.