Bloomberg Daybreak: Asia Edition Asia Stocks Rise on Fed Rate Cut Bets
Nov 26, 2025
William Bratton, head of cash equity research for Asia Pacific at BNP Paribas, discusses the impact of tariffs and the challenges Asian companies face in choosing between US and China supply chains. He also highlights how AI is being leveraged for cost efficiency, with infrastructure suppliers poised to benefit. Jim Warden, CIO at The Wealth Consulting Group, shares insights on sector rotations, the implications of weak US consumer data on Fed policy, and the strategic shifts investors should consider in light of AI-driven demand.
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Tariff Uncertainty Has Narrowed
- Tariff clarity has improved as companies now understand where U.S. tariffs sit and how they flow through supply chains.
- William Bratton says this visibility reduces uncertainty but final cost impacts remain unclear.
Asia Caught In A Binary Decoupling Choice
- Asian corporates face a binary choice between aligning systems to China or the U.S., risking lost revenues or higher costs from duplication.
- William Bratton warns this decoupling undermines economies of scale and raises long-term regional competitiveness concerns.
AI Winners Now Versus Later
- Early AI winners are infrastructure suppliers like chip makers, while most buyers still search for profitable use cases.
- William Bratton notes corporates focus on cost control but haven't yet maximized AI's impact on profitability.