Author: business

Julie Ho of JPMorgan Asset Management says the imposition of tariffs is not a new scenario for Asia. “We’ve been through this before, we have precedence,” Ho tells Bloomberg Television. She says bottom-up stock picking is key and that investors should look at which companies are “not swung by exports.” She adds that some of the top conviction stocks are emerging market banks, particularly in India and Indonesia, where “valuations have gotten to an attractive or reasonable level.” (Source: Bloomberg)Read More

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European leaders are planning visits to Vietnam in coming months to strengthen ties with the Southeast Asian nation, officials said, amid tensions with Washington that could impact their exports to the United States. Former U.S. President Joe Biden pushed hard to boost U.S. influence in the former foe, considering the country a key partner in his strategy to contain China, but bilateral relations may weaken if his successor Donald Trump imposes duties on Hanoi, which is a potential target of his threatened reciprocal tariffs due to its large trade surplus. Amid this growing uncertainty, European countries are intensifying their contacts…

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