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The Star
09-05-2025
- Business
- The Star
Investors looking beyond US scoop-up Asian funds
SINGAPORE/BENGALURU: Investors have been selling U.S. shares and piling into Asian equity funds, as the Trump administration's tariffs cast a cloud over the U.S. growth outlook and whether years of world-beating gains in U.S. markets may be drawing to an end. Net flows into exchange-traded equity funds that invest in Asia totalled $8.45 billion for the three weeks ended May 7, the highest in about seven months, LSEG Lipper data covering 844 funds listed globally showed. Meanwhile, U.S. equity funds logged a fourth straight week of outflows, totalling $43.5 billion to May 7, as President Donald Trump's trade policies have shaken investor confidence. "There is more awareness of the need for portfolio diversification and the overcrowding in the Magnificent 7 stocks, helping flows to non-U.S. markets including Asia," said Prashant Bhayani, chief investment officer at BNP Paribas Wealth Management. These outflows coincide with good performance and recent rises in currencies across Asia, suggesting a rush of money moving to the region and offering an added attraction for foreign buyers. Valuations and a belief that countries could either strike trade deals or end up beneficiaries from new routes opened up to avoid U.S. levies are also supporting sentiment. Gary Tan, a portfolio manager at Allspring Global Investments, has bought some stocks in ASEAN recently, which he thought were good value. "After the initial tariff shock in April, investors have been selectively investing in market-specific ETFs in countries where they anticipate positive outcomes from tariff negotiations," he said. MSCI's broadest index of Asia-Pacific shares outside Japan is up more than 4% for the year so far, while the S&P 500 and Nasdaq have clocked losses of close to 4% and 7%, respectively. The one-year forward price-to-earnings (PE) ratio for Malaysia's benchmark index, for instance, stands at 17.56, with Taiwan at 14.64 and the S&P 500 at 20.62. "We think the growing need for diversification away from U.S. assets, the dollar weakening towards its long-run fair value over time, coupled with cheaper valuations and lighter positioning, are supportive for Asian equities," said Sunil Koul, global emerging market equity strategist at Goldman Sachs. - Reuters
New Straits Times
09-05-2025
- Business
- New Straits Times
Investors looking beyond US scoop-up Asian funds
SINGAPORE/BENGALURU: Investors have been selling US shares and piling into Asian equity funds, as the Trump administration's tariffs cast a cloud over the US growth outlook and whether years of world-beating gains in US markets may be drawing to an end. Net flows into exchange-traded equity funds that invest in Asia totalled US$8.45 billion for the three weeks ended May 7, the highest in about seven months, LSEG Lipper data covering 844 funds listed globally showed. Meanwhile, US equity funds logged a fourth straight week of outflows, totalling US$43.5 billion to May 7, as President Donald Trump's trade policies have shaken investor confidence. "There is more awareness of the need for portfolio diversification and the overcrowding in the Magnificent 7 stocks, helping flows to non-US markets including Asia," said Prashant Bhayani, chief investment officer at BNP Paribas Wealth Management. These outflows coincide with good performance and recent rises in currencies across Asia, suggesting a rush of money moving to the region and offering an added attraction for foreign buyers. Valuations and a belief that countries could either strike trade deals or end up beneficiaries from new routes opened up to avoid US levies are also supporting sentiment. Gary Tan, a portfolio manager at Allspring Global Investments, has bought some stocks in ASEAN recently, which he thought were good value. "After the initial tariff shock in April, investors have been selectively investing in market-specific ETFs in countries where they anticipate positive outcomes from tariff negotiations," he said. MSCI's broadest index of Asia-Pacific shares outside Japan is up more than four per cent for the year so far, while the S&P 500 and Nasdaq have clocked losses of close to four per cent and seven per cent, respectively. The one-year forward price-to-earnings (PE) ratio for Malaysia's benchmark index, for instance, stands at 17.56, with Taiwan at 14.64 and the S&P 500 at 20.62. "We think the growing need for diversification away from US assets, the dollar weakening towards its long-run fair value over time, coupled with cheaper valuations and lighter positioning, are supportive for Asian equities," said Sunil Koul, global emerging market equity strategist at Goldman Sachs.
Forbes
15-04-2025
- Entertainment
- Forbes
Forbes Announces 10th Annual 30 Under 30 Europe List
Young Changemakers Highlighted On This Year's List Include Harris Dickinson, Lola Young and Cole Palmer Forbes 30 Under 30 Europe 2025 LONDON – April 15, 2025 – Forbes today unveiled its tenth annual 30 Under 30 Europe List, celebrating a decade of spotlighting the region's young industry disruptors, innovators and changemakers. This year's milestone edition includes visionaries who are redefining industries ranging from tech and retail to entertainment and sports, shaping the future of Europe and the world. Notable listmakers from this year's U30 package include: 'As we celebrate the tenth edition of Forbes 30 Under 30 Europe, Forbes recognizes the incredible achievements of young innovators shaping the future of this region and beyond, especially during a time of rapid cultural and technological change,' said Alexandra York, associate editor. 'This year's honorees are breaking boundaries and tackling new challenges with innovation, resilience and bold ideas. This milestone edition highlights both the incredible talent of today, but the leaders and changemakers of tomorrow.' The average age of list makers this year is 27, with the youngest, actress Frankie Corio (star of Aftersun), aged just 14. Over 60% are founders or co-founders of companies and many of the other honorees are actors, musicians, creators, or athletes building their own brands. Collectively, members of this year's list have raised over $800 million in funding. The 2025 honorees hail from over 20 countries, ranging from Germany to Denmark, while the most popular cities that list makers call home are London, Berlin and Paris. The ten categories included on this year's list are Social Impact, Entertainment, Retail & Ecommerce, Sports & Games, Science & Healthcare, Media & Marketing, Art & Culture, Manufacturing & Industry, Technology and Finance. The 30 Under 30 Europe Class of 2025 will join Forbes' global Under 30 community, a network of over 10,000 influential innovators worldwide, including more than 3,000 in Europe. These individuals, who have been featured on previous lists, are using their sharp entrepreneurship skills and distinct passions to drive positive change and leave a lasting impact on society and the world. The 30 Under 30 Europe list makers will be celebrated at an exclusive invitation-only event, in partnership with BNP Paribas Wealth Management, taking place in Paris on May 14. Methodology As part of the compilation of the 10th Forbes 30 Under 30 Europe list, each listee goes through an in-depth evaluation process with Forbes writers and editors scrutinizing thousands of submissions with recommendations from industry experts and list alumni. Candidates were evaluated by Forbes staff and a panel of independent, expert judges (including musician Sam Smith and Lithuanian unicorn Vinted CEO Thomas Plantenga) on a variety of factors, including (but not limited to) funding, revenue, social impact, scale, inventiveness and potential. For the complete Under 30 Europe list and feature stories, visit: To join the conversation on social, follow #ForbesUnder30 About Forbes Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 43 licensed local editions in 69 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements. Forbes Media Contacts Christina Vega Magrini: cmagrini@ Feryal Nawaz: fnawaz@ Europe Media Contacts Charlotte Juckes: +44 (0) 7500016834 Johanna Pemberton: +44 (0) 7956027059
Observer
11-02-2025
- Business
- Observer
Gold soars as investors weigh latest tariff threat
NEW YORK/SINGAPORE - Gold hit a record high, the dollar was firm and Hong Kong shares advanced to a four-month peak on Tuesday as investors navigated shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and inflation. Gold prices in Oman on Tuesday 24 k - RO34 22k - RO34.7 18k - RO27.3 Oil prices clung to a sharp overnight bounce. Hong Kong's Hang Seng has rallied more than 12% in a month as Donald Trump's administration has threatened, then suspended, blanket tariffs on Canada and Mexico - seemingly confirming investor assumptions that everything is negotiable. Trump on Monday lifted tariffs on steel and aluminum imports to 25%, pushing up share prices of U.S. steelmakers. A tariff of 10% on Chinese imports took effect earlier in the month and retaliatory Chinese duties on U.S. energy and some goods came into effect on Monday. There has been little sign of progress toward a trade arrangement between Beijing and Washington, but expectations for a breakthrough remain high. "He's a business person by nature, so there are deals to be done at some point," said Prashant Bhayani, chief investment officer in Asia at BNP Paribas Wealth Management. "So that's why the market's been measured." In currency trade, the Chinese yuan has weakened past the 7.3 per dollar level and traded at 7.3071 on Tuesday morning. The Australian dollar was steady at $0.6273, with Trump saying he would give "great consideration" to Australia's request for exemption on steel tariffs. Gold hit a record peak just above $2.935 an ounce. "This is still very early days," said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. "The market's just sort of chopping around rather than directional right now.' Against the Japanese yen, the dollar was steady at 152.01 yen and it sat at $1.03 per euro The Canadian dollar and Mexican peso had slipped as those countries bear the brunt of Trump's metal tariffs. On Wall Street, U.S. stocks closed higher, led by gains in the energy and tech sectors. The S&P 500 materials index rose 0.5%, buoyed by steel companies such as Nucor, up 5.6%, and Steel Dynamics, which advanced 4.9%. Shares of McDonald's climbed 4.8% after the fast-food restaurant reported quarterly results. "Investors are saying, 'Hey, let's go back into the areas that worked.' And one reason that investors are optimistic, in my opinion, is because of earnings," said Sam Stovall, chief investment strategist at CFRA Research. Europe's continent-wide STOXX 600 index rose 0.58% to close at a record high of 545.92 on Monday, led by a 1.5% climb in the oil and gas sector, where energy prices were spiking. Dutch and British wholesale gas prices rose to around two-year highs on Monday as colder weather increased demand for gas and storage withdrawals rose. Fed Chair Powell is due to speak on Tuesday for the semiannual monetary policy testimony before the Senate Banking, Housing and Urban Affairs Committee. His comments on tariffs and inflation are likely to be closely monitored. Markets are largely expecting the Fed to hold rates steady at its March meeting, with expectations for a cut of at least 25 basis points not climbing above 50% until June, according to CME's FedWatch Tool. Benchmark 10-year Treasury yields closed at 4.495% and were untraded in the Asia session owing to a public holiday in Japan.
Yahoo
11-02-2025
- Business
- Yahoo
Gold soars, stocks sanguine as investors weigh Trump's latest tariff threat
By Tom Westbrook SINGAPORE (Reuters) -Gold shot to a record high, the dollar was firm and stocks were subdued on Tuesday as investors braced for further shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and inflation. Oil prices clung to a sharp bounce, with Brent crude futures above $76 a barrel. European equity futures were flat, as were FTSE futures while U.S. stock futures fell 0.2%. Trump on Monday raised tariffs on steel and aluminium imports to 25%, pushing up share prices of U.S. steelmakers, and has promised to announce global reciprocal tariffs within days. Yet he also said he was considering an exemption for Australia, after a call with Australia's Prime Minister - seemingly confirming investor assumptions that everything is negotiable. Retaliatory Chinese duties on U.S. energy and some goods came into effect on Monday, though the Hang Seng notched four-month peaks as investors wagered on an eventual deal. The Hang Seng was last about 0.4% lower but it has rallied more than 12% in a month on investor enthusiasm for artificial intelligence and chip stocks.[.HK] Mainland China stock indexes dipped slightly. "He's a business person by nature, so there are deals to be done at some point," said Prashant Bhayani, chief investment officer in Asia at BNP Paribas Wealth Management. "So that's why the market's been measured (in its response)." Some of the biggest movers in Hong Kong trade were electric vehicle stocks, with BYD's Hong Kong shares hitting a record high after the company rolled out free smart driving features on almost models including its Seagull, which costs just $9,555. Shares in the rest of the sector fell heavily. Gold hit a record peak just above $2,942 an ounce, and has rallied 63% since the low of $1,809.50 an ounce on Oct. 23, 2023. "Its surge reflects a combination of ongoing central bank buying to diversify away from the dollar, safe haven demand and positive momentum driving more buyers," said Shane Oliver, head of investment strategy at AMP in Sydney. FOREX In currency trade, the Chinese yuan has weakened past the 7.3 per dollar level and traded at 7.3042 on Tuesday. The Australian dollar was steady at $0.6278. Against the Japanese yen, the dollar was steady at 152.01 yen and it sat at $1.03 per euro The Canadian dollar and Mexican peso had slipped as those countries bear the brunt of Trump's metal tariffs. Fed Chair Powell is due to speak on Tuesday for the semiannual monetary policy testimony before the Senate Banking, Housing and Urban Affairs Committee. His comments on tariffs and inflation are likely to be closely monitored. Benchmark 10-year Treasury yields closed at 4.495% and were untraded in the Asia session owing to a public holiday in Japan, with traders shrugging off - for now - Trump appearing to question U.S. government debt figures. "The markets are likely to be wanting to see more details about what this might mean," said Mark Elworthy, head of fixed income, currency and commodity trading at Bank of America in Australia, with questions over whether Trump was possibly referring to internal departmental ownership of U.S. debt or the accounting treatment of Treasuries. "I'm only guessing, but it will be interesting to see if more comes of this in the coming days.' Sign in to access your portfolio
