Bloomberg Daybreak: Asia Edition Rocky 2025 Start for APAC Markets
Jan 3, 2025
Eva Lee, Head of Greater China Equities at UBS Global Wealth Management, shares her expertise on the Chinese economy, discussing challenges like weak consumption and a struggling property market. Jay Hatfield, CEO and CIO at Infrastructure Capital Management, weighs in on the U.S. market dynamics, highlighting the response to anticipated rate cuts and GDP forecasts. Both guests delve into the volatility at the start of 2025 and explore investment strategies amid evolving conditions, particularly the allure of risk assets in Asia.
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China's Mixed Economic Signals
- China's December economic data showed improved manufacturing and export activity.
- Consumer sentiment and lower-tier city property sales remain weak, impacting domestic demand.
Investment Advice for 2025
- Diversify investments across regions and asset classes.
- Favor U.S. equities due to better corporate earnings and growth driven by AI and power resources.
China Tech Under Pressure
- Chinese tech stocks, particularly e-commerce and gaming, faced pressure due to macroeconomic concerns.
- U.S. export restrictions on advanced chips are anticipated by the market.