Archive List for Asia Squawk Box
China and India like cheap oil from Russia, but Beijing is not thrilled that its reputation is being “dragged through the mud,” especially among the European countries, CNBC’s Ted Kemp reports.
Mattie Bekink of the Economist Intelligence Corporate Network says the country’s zero-Covid policy has “stomped on consumer and investor confidence.”
Christoph Rieger of Commerzbank says the U.S. dollar is getting more overvalued because “you just don’t have anywhere else to put your money to.”
Martin Schulz of Fujitsu says the Bank of Japan has made it “very clear” that it remains expansionary and “they mean business.”
Lewis Ho, CEO of Avalon SteriTech, discusses how its partnership with SoftBank Robotics could help the aviation industry and cruise lines.
Kelvin Tay from UBS Wealth Management talks about investment strategy and sector selection as the Fed is expected to hike rates into next year.
Keith Wu of the real estate investment trust says Hong Kong’s community spending has been “very resilient,” thanks to its residents’ high savings rate, among other things.
Ryota Tanozaki of Tabist says he’s positive about the depreciation of the Japanese yen, but adds that rising energy prices are a concern.
Andy Lipow of Lipow Oil Associates says the cut “simply was quite paltry” and signals that the group is “going its own way.”
John Vail of Nikko Asset Management discusses “brighter spots for the yen,” such as the decline in oil prices.
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