Market news: Vivid risks remain a key threat to Asian economies

Market news on Asian Midday Marketwatch.

Kian Soon shares his views on regional markets performances and also on key issues namely:

• Regional markets performance due to the fact that it is the end of quarter and tomorrow being the start of a long weekend in China.
• China’s official manufacturing Purchasing Managers’ Index for September came in at 49.6, below analysts’ expectations of 50.1 in a Reuter’s poll. Kian Soon shares his reasons behind the numbers, including the higher baseline effects of the first half of the year.
• Power shortage in China, the reasons why this is so and what are the possible impact to the domestic market and also to the oil and gas markets.
• The risks factors which are of most concerned right now in Asian Markets, namely Covid-19; as regional economies are hampered by vaccination rates and numbers that do no allow them to open up their economies, which is in contrast to countries in Europe and North America.

Guest: Lee Kian Soon, CEO of Astral Asset Management

Presenter: Brian Fernandez

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