Good MornING Asia - 8 November 2018

Risk-on is back after the relatively positive election US midterm results. The focus now shifts to the Fed with Powell and company still being seen to be hawkish. The Fed chair will conduct a press conference after the two-day meeting as he looks to improve communication of the FOMC’s guidance.

In this bundle

ASEAN Morning Bytes

General market tone: Risk-on. Global markets may rally as investors took the results of the US mid-term election to be positive after Trump’s…

China

China: Foreign reserves show no outflow panic

Foreign exchange reserves dropped by $34 billion in October, the largest drop in 2018 so far, though still small compared to 2015. This means there was no…

Taiwan

Taiwan trade growth continues to slow

Taiwan's electronic exports grew only mildly in October, but worth noting that integrated circuit imports grew by more than 25%. Overall, we're…

Philippines

Philippines: Trade deficit swells to widest this year

Imports continue to surge while exports underperform, yielding the widest trade gap year to date and keeping the current account in the red