Asia has a Trump trade too: Investors think India will win, China will lose from the former president’s ‘America First’ policy
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Stock traders in Asia are preparing for a potential second term for former US President Donald Trump, which could have winners and losers in the region. Trump's 'America first' policies would negatively impact sectors in Asia such as agriculture, farm equipment, textiles, and weapons production. China is seen as a clear loser due to higher tariffs and confrontational rhetoric. Taiwan and South Korea, reliant on export revenues from tech sectors, are also expected to face a downturn. India is seen as a potential beneficiary. Southeast Asian economies, less tied to exports, may be able to deflect fallout from a change in the White House. Investors believe India has a better relationship with the US and would be less affected. Japan's risks are more balanced, and it may have an opportunity to cement its semiconductor sector renaissance. Vietnam, Taiwan, and Malaysia are likely to be the biggest beneficiaries in Asia. Southeast Asia, including Thailand, may be in a good position due to the impact on China. Tech-related sectors in Asia may be more affected, while ASEAN countries may be more resilient. China's GDP growth has slowed to 4.7% due to insufficient domestic demand. Uniqlo's parent company's shares dropped as it warns of a 'turning point' in its China strategy. Chinese billionaire convicted of defrauding followers to fund a lavish lifestyle. Thailand is implementing a $14 billion program to stimulate its economy. Anti-tourist backlash in Europe causes cruise ships to change course. Former American Express CEO says business leaders are scared to tell Trump what they really think. Philadelphia experiences record snowfall in July. Jamie Dimon says the US has a problem with national debt. JD Vance, Trump's new VP pick, brands China the 'biggest threat' to the US. The Trump trade is expected to gain momentum on Wall Street. Goldman Sachs CEO speaks on division and distrust in America. BYD expands into Southeast Asia with its first EV plant in Thailand.
#TrumpTrade #Asia #India #China #Taiwan #SouthKorea #SoutheastAsia #Export #Economy #Tariffs #TechSector #GdpGrowth #Uniqlo #Billionaire #Thailand #AntitouristBacklash #AmericanExpress #NationalDebt #JdVance #WallStreet #GoldmanSachs #Byd
https://fortune.com/asia/2024/07/18/asia-trump-trade-investors-india-china-lose-america-first-policy/
Fortune /
npub1v7…9v0r4
2024-07-18 16:19:46
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npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-07-18 16:19:46Event JSON
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"content": "Asia has a Trump trade too: Investors think India will win, China will lose from the former president’s ‘America First’ policy\n==========\n\nStock traders in Asia are preparing for a potential second term for former US President Donald Trump, which could have winners and losers in the region. Trump's 'America first' policies would negatively impact sectors in Asia such as agriculture, farm equipment, textiles, and weapons production. China is seen as a clear loser due to higher tariffs and confrontational rhetoric. Taiwan and South Korea, reliant on export revenues from tech sectors, are also expected to face a downturn. India is seen as a potential beneficiary. Southeast Asian economies, less tied to exports, may be able to deflect fallout from a change in the White House. Investors believe India has a better relationship with the US and would be less affected. Japan's risks are more balanced, and it may have an opportunity to cement its semiconductor sector renaissance. Vietnam, Taiwan, and Malaysia are likely to be the biggest beneficiaries in Asia. Southeast Asia, including Thailand, may be in a good position due to the impact on China. Tech-related sectors in Asia may be more affected, while ASEAN countries may be more resilient. China's GDP growth has slowed to 4.7% due to insufficient domestic demand. Uniqlo's parent company's shares dropped as it warns of a 'turning point' in its China strategy. Chinese billionaire convicted of defrauding followers to fund a lavish lifestyle. Thailand is implementing a $14 billion program to stimulate its economy. Anti-tourist backlash in Europe causes cruise ships to change course. Former American Express CEO says business leaders are scared to tell Trump what they really think. Philadelphia experiences record snowfall in July. Jamie Dimon says the US has a problem with national debt. JD Vance, Trump's new VP pick, brands China the 'biggest threat' to the US. The Trump trade is expected to gain momentum on Wall Street. Goldman Sachs CEO speaks on division and distrust in America. BYD expands into Southeast Asia with its first EV plant in Thailand.\n\n#TrumpTrade #Asia #India #China #Taiwan #SouthKorea #SoutheastAsia #Export #Economy #Tariffs #TechSector #GdpGrowth #Uniqlo #Billionaire #Thailand #AntitouristBacklash #AmericanExpress #NationalDebt #JdVance #WallStreet #GoldmanSachs #Byd\n\nhttps://fortune.com/asia/2024/07/18/asia-trump-trade-investors-india-china-lose-america-first-policy/",
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