Bloomberg Daybreak: Asia Edition China Singles Day Sets Record, Stocks Gain on US Government to Reopen
9 snips
Nov 12, 2025 Xi Qiao, a UBS managing director, discusses the remarkable surge in China's Singles Day sales, driven by consumer demand despite deflation worries. He predicts that a potential U.S. government reopening and Fed cuts could positively impact Asian markets. Meanwhile, Dean Smith from Folio Beyond analyzes market rotation towards drug stocks and the risks tied to AI valuations and debt financing. They both highlight emerging markets as attractive investment opportunities amid shifting global dynamics.
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China Shopping Bounce Signals Resilience
- JD.com reported orders up ~60% and shoppers up 40% for Singles Day, signaling resilient consumer demand in China.
- Xi Qiao links this to broader optimism around AI spending, robust earnings, and potential Fed easing boosting markets.
China Tech Poised For Growth
- Xi Qiao says China’s tech sector looks attractive, driven by AI adoption and chip localization.
- She expects high single-digit returns for Chinese equities over the next 12 months.
Hedge Equity Risk With Gold And Cash
- Hedge market risk by allocating to non-equity assets like gold and fixed income.
- Maintain some cash or lock in higher fixed-income yields when available.
