Latest news with #TrinhNguyen
Bloomberg
31-07-2025
- Business
- Bloomberg
Nguyen: Market Weakness Coming Due to Tariffs
The Bank of Japan has held its benchmark interest rate steady at 0.5% and raised its inflation outlook more than expected in a sign it may be closer to a rate hike. This comes as President Trump's reciprocal tariffs kick in on August 1. Trinh Nguyen, Senior Economist for Emerging Asia at Natixis Corporate & Investment Banking spoke to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche . (Source: Bloomberg)
The Star
24-07-2025
- Business
- The Star
Emerging Markets - Thai assets stumble amid border clashes, but Asia stocks rally on trade boost
BANGKOK (Reuters): Emerging Asian stock markets held on to their rallies on Thursday, as a flurry of agreements between regional economies and Washington lifted investor optimism and increased their appetite for riskier assets. The MSCI index of emerging Asian equities rose as much as 0.5% to its highest level since September 2021, while a sub-index tracking ASEAN stocks, led by heavyweight Singaporean banks, hit a 10-month peak. However, Thailand diverged from the rally as the baht was the only emerging Asian currency to weaken, while the benchmark SET Index fell 1.1%, as escalating border tensions with Cambodia unnerved investors. A Thai F-16 fighter jet bombed targets across the border, both governments confirmed, after weeks of rising friction over disputed territory erupted into violence, leaving at least 11 civilians dead. Analysts at Phillip Securities said the heightened geopolitical risk had undermined expectations for cross-border trade, making it unlikely the two nations will meet their 480 billion baht ($14.88 billion) bilateral trade target by 2027. However, driving the rally in Asia was growing conviction that more trade pacts with the United States could follow recent deals signed with Japan, Vietnam, Indonesia and the Philippines. These agreements, struck at tariff levels lower than initially feared, have soothed fears of a prolonged trade war and reinvigorated risk-on sentiment across the region. "The Philippines and Japan trade deals put the pressure on South Korea and the rest of emerging markets to secure one," said Trinh Nguyen and Kelvin Tong at Natixis. "Putting together the latest deals (Japan and the Philippines), it becomes increasingly clear that 10% is the new zero and economies are conceding to a higher but still manageable tariff level to secure market access to the US," they said. Indonesia continued its sharp ascent, adding 0.9% on the day and extending its rally to roughly 10% over the last 14 sessions. The index has fallen just once during that stretch, snapping an 11-day winning streak earlier this week. A recently concluded trade agreement with Washington, which included reduced tariff threats, alongside dovish signals from the central bank, has driven sustained foreign inflows. Singapore's benchmark also rose 0.7%, while equities in Malaysia, Taiwan and China advanced between 0.2% and 0.6%, underscoring broad regional strength. In currency markets, the upbeat trade outlook sparked a retreat in the U.S. dollar, lifting emerging market currencies across the board. The MSCI global EM currency index rose to its highest in over two weeks. The South Korean won led regional gains, climbing 0.5% to its strongest level since July 8, helped by data showing the economy expanded at its fastest pace in over a year during the second quarter. Elsewhere, the Philippine peso, Malaysian ringgit and Singapore dollar appreciated between 0.1% and 0.2%. - Reuters
Economic Times
16-05-2025
- Business
- Economic Times
India is hot trade again as investors chase Trump-era winners
The Nifty 50 index reached its highest point since October. Optimism surrounds a potential US-India trade deal. Corporate India is attracting global investors with significant debt deals. Favorable macroeconomic conditions and a dovish stance from the Reserve Bank of India are boosting the market. Global fund managers are increasingly favoring Indian shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US following upbeat comments by Trump. Corporate India has seized the momentum: Shapoorji Pallonji Group secured a $3.4 billion private credit deal, and Reliance Industries Ltd. locked in a $2.98 billion-equivalent loan, underscoring the rising appeal of the nation's corporate debt to global this renewed enthusiasm lies a mix of favorable macroeconomic forces. Policymakers in New Delhi are targeting what they see as a once-in-a-generation chance to integrate the country more deeply into global supply chains. Meanwhile, in Mumbai, the Reserve Bank of India's dovish stance is also supporting the bullish mood — bond yields are trading at their lowest levels in over three years.'India can be a big winner of Trump 2.0 if it plays its cards right,' said Trinh Nguyen, senior economist at Natixis in Hong Kong. 'India does offer both high yield in bonds and decent return on capital for equity investors.'The shift in sentiment has been rapid among global fund managers including those from Franklin Templeton and Federated Hermes. Local shares emerged as the most favored bet among Asian funds managers investing in the region, according to a BofA Securities' recent selling more than $25 billion of Indian shares between October and February, investors plowed more than $2.5 billion in this quarter despite the trade war-induced volatility and the India-Pakistan clashes. The Nifty gauge was near a multi-month low on April 7 as global stocks recoiled, but is now within 5% of its September record are being drawn to India as a relatively safe bet during this period of global trade uncertainty, thanks to the country's more inward-looking economy. Also, since India faces much lower US tariffs versus levies on Chinese goods, it's seen as a viable workaround for companies like Apple Inc.'Amid global trade uncertainties, India's large domestic market, ascending middle class, and prospects of a trade deal with the US will help spur global investors' interest in Indian credit,' said Wei Liang Chang, macro strategist at DBS Group Holdings course, the outlook isn't risk-free. The unexpected flare-up in hostilities with Pakistan served as a reminder of the geopolitical risks that could complicate Prime Minister Narendra Modi's infrastructure ambitions, which are driving demand for foreign capital across sectors ranging from solar power to for now, investors remain focused on India's improving economic outlook.'The key assumption is for some agreement on a trade deal between the US and India, coupled with good external and internal macro stability,' wrote Michael Wan, a senior currency analyst at MUFG Bank in a note.
Yahoo
28-03-2025
- Health
- Yahoo
Nations forge powerful alliance with new policy to safeguard species: 'Marks a new chapter'
China and Vietnam have announced a new partnership which aims to protect wildlife while also preserving both countries' traditions in medicine. These two countries make up the largest markets for traditional medicine, which utilizes plant and animal ingredients. As reported by Mongabay, the agreement is between the top traditional medicine associations from both countries: Vietnam Oriental Traditional Medicine Association and the China Association of Traditional Chinese Medicine. Traffic, an NGO that fights against illegal wildlife trade, facilitated this agreement with the help of other experts, including researchers and pharmaceutical executives. Jessica Bell Rizzolo from the World Wildlife Fund said in a statement to Mongabay, "Traditional Chinese medicine has a sustainability problem. There's still a lot of animals included in the pharmacopeia." Some ingredients from threatened and endangered species have included tiger bones, pangolin scales, bear bile, and rhino horns. It is still legal to trade many of these ingredients within China's borders, but hunting for them outside China and then selling them in the country is illegal. Traffic Vietnam director Trinh Nguyen told Mongabay the partnership aims to encourage conversations about "sustainable practices to make traditional medicine more conservation-friendly." China and Vietnam have agreed to share knowledge on cultivation programs, promoting safety and efficacy while transitioning to plant sources. Raising awareness about traditional medicine's role in conservation in the region will also be a priority In a statement shared with Traffic, Vietnam Oriental Traditional Medicine Association vice president Dr. Do The Loc said "This partnership marks a new chapter in traditional medicine — one that honors our ancestral wisdom while actively protecting the natural world that sustains it." This policy joins other wildlife and environmental initiatives around the world, including enforcing a pause on kangaroo harvesting, reducing the use of toxic chemicals, and instating laws against gray wolf abuse. Do you think America does a good job of protecting its natural beauty? Definitely Only in some areas No way I'm not sure Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
