Asia Centric by Bloomberg Intelligence 2026 Lookahead for Stocks, Bonds and Currencies
Dec 3, 2025
Joining the discussion are Marvin Chen, Senior Equity Strategist at Bloomberg Intelligence, Stephen Chiu, Chief Asia FX Strategist, and Timothy Tan, Senior Credit Strategist. They analyze how Asian equities might outpace the S&P 500 in 2026, with Marvin highlighting opportunities in Korea, Taiwan, and India. Stephen discusses the evolving dynamics of Asian currencies like the RMB, while Timothy dives into potential credit risks and liquidity issues, warning of funding stress that could trigger capital repatriation back to Asia. The future looks intriguing!
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Episode notes
AI Growth Has Room In Asia
- Asia's AI adoption lags the US in absolute spending but has room to grow and accelerate earnings.
- Marvin Chen notes China Tech trades at a 25–50% discount to US tech with accelerating forward earnings in 2026.
EM Rotation Back Toward Asia
- Emerging markets may outperform the US in 2026 with rotation toward Asia as EM earnings hit post-GFC highs.
- Marvin Chen expects Korea and Taiwan to lead but foresees meaningful gains from Southeast Asia, India and China.
Position For A Multi-Region Rotation
- Expect further foreign inflows into China as sentiment stabilizes but note allocations remain below historical averages.
- Position for rotation: overweight Korea for memory demand and consider Southeast Asia and India for expanding momentum.