Bloomberg Daybreak: Asia Edition Global Equity Rally Wavers as Buyer Fatigue Kicks In
May 15, 2025
Mark Konyn, Chief Investment Officer at AIA Group, shares insights on Asia's equity market dynamics and the signs of fatigue following a Wall Street rally. He discusses ongoing inflation concerns and the impact of trade tensions. Joining him is John Creekmur, Chief Investment Officer at Creekmur Wealth Advisors, who analyzes bond yields and the Federal Reserve's interest rate strategies. They explore investment opportunities in sectors like technology and oil, while navigating the complexities of U.S.-China trade relations under Trump's administration.
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Trade Truce Eases Market Stress
- The US-China trade truce eases investor stress by resuming communication and reducing fears of complete economic decoupling.
- Despite positive headlines, significant uncertainty remains as substantial work is needed for a comprehensive trade agreement.
China's Resilience to US Trade Strategy
- The US strategy to isolate China via new trade deals has met strong resistance and the global trade system is more intertwined than expected.
- China has strengthened its supply chains and reduced dependency on the US, complicating trade negotiations.
China Expands Global Influence
- China is expanding ties with Latin America and boosting soft power through investments and infrastructure projects.
- Its 'Made in China 2025' strategy continues to drive its global trade prominence alongside diplomatic efforts.