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Kelvin Tay
Regional Chief Investment Officer for UBS Global Wealth Management in Asia, providing macro and currency commentary on markets in the Asia-Pacific region.
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Nov 18, 2025
• 16min
US Equities Retreat, Bitcoin Drops, Pinkfong's IPO
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Matt Sallee, Executive Vice President at Tortoise Capital, and Kelvin Tay, Regional CIO for UBS Global Wealth Management in Asia, share insights on the current market landscape. Sallee delves into AI-driven capital expenditures and the appeal of Bitcoin miners amidst its recent decline. Tay discusses the impact of geopolitical tensions on Asia-Pacific markets and warns about potential currency interventions. Additionally, they highlight the surprising surge of Pinkfong's IPO, capturing investor interest beyond the 'Baby Shark' phenomenon.
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