Asia's 'Sell America' Moment, Japan's Bond Sale Crisis Deepens
Asian investors are rethinking their strategy of investing in US assets, driven by concerns over the US budget deficit, political polarization, and the impact of Trump's policies on the dollar. The shift away from US assets could lead to a significant unwinding of dollar investments, with potential beneficiaries including emerging markets, and a possible appreciation of Asian currencies. Japan's auction of 40-year government bonds Wednesday met demand that was the weakest since July, as investor appetite fell after volatility surged in global debt markets. The auction's poor performance may prompt the government to adjust its issuance of super-long bonds. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
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A more networked world and greater awareness of threats from the information and cyber domains have also prompted new conversations about securing critical infrastructure, such as underwater cables that link nations to the internet, said Mr Chan. And while defence ministers used to be more concerned about kinetic warfare – the deployment of armed forces in combat – they are today equally concerned about the security and resilience of their supply chains and economies, he added. Mr Chan said a point made at the roundtable discussion was that meeting these challenges would be a long-term endeavour, requiring countries to work together. Ministerial roundtables are a regular feature of the Shangri-La Dialogue, where ministers engage in informal conversations over lunch. 'If we are really serious about building capabilities for the long haul, it must be a commitment across different political cycles,' Mr Chan said. 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The more such opportunities exist, the greater the chances that the next generation will work together to overcome new challenges, and Singapore will play its part, he added. 'We will always be an open and inclusive platform for people to come together and exchange notes, to have frank conversations with one another,' he said. Source: The Straits Times © SPH Media Limited. Permission required for reproduction Discover how to enjoy other premium articles here
