Bloomberg Daybreak: Asia Edition Asia Equities Gains as Traders Shrug Off US Shutdown
8 snips
Oct 2, 2025 John Pantekidis, Managing Partner at Twin Focus, shares insights on equity valuation, gold trends, and cautious fixed income positioning amidst a U.S. government shutdown. He emphasizes international growth and emphasizes careful monitoring of inflation risks. Ritesh Ganeriwal, Head of Investment & Advisory based in Singapore, discusses the bullish outlook for Asian equities driven by tech strength, AI momentum, and improving consumer behavior in Hong Kong, while also tackling U.S.-China trade dynamics and India's growth potential. Tune in for a lively market discussion!
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Equities May Extend Rally
- John Pantekidis thinks equities can keep rising despite high valuations due to Fed accommodation and sidelined cash.
- He says they remain selective when allocating new money into equities.
Be Selective Within U.S. Sectors
- John Pantekidis recommends overweighting large-cap growth, utilities and technology in U.S. equities.
- He also advises avoiding healthcare because of political risk.
Gold Gains From Central Bank Demand
- Pantekidis says central banks are shifting reserves away from dollars and into gold, which supports higher gold prices.
- He notes advisors and mainstream allocations are also increasing demand for gold.