Asia

Indonesia

Indonesia eyes panda bonds to diversify funding base

Indonesia plans CNY 5–10 billion panda bond in 2026 to diversify funding. Bank Indonesia renews CNY 200 billion swap with PBOC as yuan liquidity networks expand across ASEAN, supporting de-dollarization and cross-border financing.

Singapore

Temasek portfolio tops SGD 452b on tech momentum

Temasek portfolio +9% to SGD 452b with 11.2% return; invests SGD 12b in India infrastructure and USD 800m in AI ventures. (SGX:STI) and (NSE:ADANIPORTS) gain as Asia’s sovereign capital pivots toward technology and sustainable growth.

South Korea

South Korea’s chip boom fuels export surge

Korea exports +8.7% y/y in Oct; chip shipments +22% drive USD 3.2b surplus. (KRX:005930) and (KRX:000660) lift KOSPI +1.8% as “K-Chips 2030” policy spurs KRW 120t private investment and reinforces Korea’s global tech leadership.

Japan

Yen softness aids exports but hurts households

Japan Q3 GDP –0.3%; consumption –1.4%, inflation 2.5%. (TYO:7203) and (TYO:6758) gain on yen 151/USD even as domestic demand weakens under higher energy costs.

India

India’s factories surge as exports hit new peak

India’s manufacturing PMI 58.9, highest in 14 years; exports +12% y/y. (NSE:TATAMOTORS) and (NSE:LT) lift Nifty +1.4% as USD 1.6b foreign inflows target industrials and infrastructure growth momentum.

China

China’s currency stability draws institutional capital inflows

CNY trades near 7.27 per USD as yield gaps narrow and reserves climb; global managers including (NYSE:BLK) and (SIX:UBSG) boost China bond exposure, betting policy stability could lift the yuan beyond 7 per USD in 2026.

Asia

Asian markets cheer end of US debt uncertainty

MSCI Asia ex-Japan +1.2% as (KRX:KOSPI) and (HKG:HSI) advance; gold USD 2,416 rally signals hedged optimism post-US shutdown deal.

China

China maintains dovish stance amid disinflation pressure

PBOC trims MLF 10 bps to 2.35%; (SHA:601939) and (SHE:000001) lead modest CSI 300 gain as China defends 4.4% growth amid CNY stability.

Japan

SoftBank rebound cements Japan as AI capital hub

SoftBank (TYO:9984) profit JPY 2.6 tr driven by (NASDAQ:ARM) and OpenAI stakes; gearing 0.7x and CDS tighten 24 bps amid AI asset surge.

Association of South Asian Nations (ASEAN)

Profit discipline defines new Southeast Asia innovation era

ASEAN digital funding slips to USD 7.7 b as investors pivot; (NYSE:SE) and (NASDAQ:GRAB) gain as profitability discipline returns to regional tech.

Sri Lanka

Remittances and tourism support Sri Lanka GDP recovery

Sri Lanka GDP grows 4.5% in 2025, CSE and LKR strengthen with remittances, tourism recovery, and fiscal reforms, signaling progress toward restoring pre-crisis economic output.

Taiwan

Semiconductor and ICT growth strengthen Taiwan economic outlook

Taiwan exports reach USD 55bn, TAIEX and TWD buoyed by TSMC (2330.TW) and MediaTek (2454.TW) semiconductors, driving Q3 GDP 4.9% and reinforcing global tech supply chain leadership.