23 May 2018

Tai Hui

Managing Director, Chief Market Strategist, Asia, J.P. Morgan Asset Management
  • Economic indicators have hinted at a revival in capital expenditure and consumer spending in Asia.  Photo: fashionnetwork

    Capturing Asia’s growth is a long-term endeavor

    - Oct 3, 2017 4:37pm
    Asian equities are set for a banner year, with the longest stretch of quarterly gains since 2013 driven by synchronized global growth and robust corporate earnings. As such, many investors are now questioning whether this stellar...
  • Graphic: J.P. Morgan Asset Management

    Asian equities power ahead

    - Aug 10, 2017 1:19pm
    Equities are having a strong year, driven by synchronized global growth and improved corporate earnings – and Asia has been in the fast lane, benefiting from both top-down and bottom-up tailwinds. On the macro-economic front, there...
  • The European Central Bank has rolled out another round of quantitative easing measures to support economic recovery. Photo: Bloomberg

    Brighter outlook for European consumption businesses

    - Apr 25, 2016 4:59pm
    Losses in European banks, concerns over a potential Brexit and the refugee crisis have been under the spotlight in the eurozone for months, depressing investor sentiment and weighing on the performance of European stock markets. European...
  • Given the low oil price, investor concerns over the energy sector may increase. Photo: Bloomberg

    How to realize positive return with negative yield

    - Apr 18, 2016 5:06pm
    Treasury yields of many developed markets are now below zero. The negative interest rate policy aims to encourage credit expansion and smoothen the yield curve. We believe central banks have been successful in this regard. In...
  • Japan is one of the countries that has adopted a negative interest rate policy. Photo: Reuters.

    How to invest amid a negative interest rate environment

    - Apr 11, 2016 6:24pm
    The financial market volatility at the beginning of this year was partly due to investors’ concerns that a negative interest rate would be broadly adopted. Although such a move aims to stimulate economic activity, investors worry...
  • The European Central Bank still has many tools at its disposal. Photo: Bloomberg

    What’s left in ECB’s monetary tool kit?

    - Mar 21, 2016 3:17pm
    European stock markets picked up after the central bank unveiled more quantitative easing (QE) measures. However, Mario Draghi’s words later led to a correction. In terms of interest rates, it is within expectation that the European Central...
  • Jobs situation in the US has improved markedly, helping shore up consumer confidence in the country. Photo: Bloomberg

    Why markets may recover further after the dismal 2016 start

    - Mar 14, 2016 5:54pm
    Stock markets enjoyed a rebound recently on easier monetary policies in Europe and Japan and expectations that the US Fed will go slow on further rate hikes in view of global uncertainties. The market recovery, however,...
  • Disappointing corporate earnings and concerns about geopolitical risks and the economic outlook continue to weigh on the US stock market. Photo: Bloomberg

    Impact of oil, dollar on US stock market to fade away

    - Mar 7, 2016 5:22pm
    By the fourth quarter of 2015, the pressure on US stock markets from the oil price and the dollar had been there for over a year. Disappointing corporate earnings and concerns about geopolitical risks and the...
  • The oil price has plunged 70 percent from its peak level. Photo: Reuters

    When will the oil price downtrend end?

    - Mar 1, 2016 11:13am
    The International Monetary Fund last week called on G20 finance ministers to boost global demand through fiscal means amid concerns over further oil price declines, the dim outlook of emerging economies and volatile financial markets. I...
  • Easy monetary policies and low energy prices will help the eurozone economy. Photo: Bloomberg

    Why eurozone will stay on recovery path

    - Feb 22, 2016 4:12pm
    From a macro perspective, investors appear to have over-reacted recently to fears surrounding the global economy, including the eurozone. In early 2015, exports got a boost in the eurozone following a devaluation of the euro. But there...
  • Heightened market volatility would require investors to pursue portfolio diversification more than ever. Photo: Bloomberg

    How to win in a volatile market environment

    - Feb 15, 2016 5:47pm
    Financial markets could be more volatile in the Year of the Monkey. Hence, investors are advised to diversify their investments. Here are some things worth bearing in mind. As expected return from fixed-income products has declined,...
  • Rrising consumption and disposable incomes as well as the recovery of the real estate market will help China avoid a hard landing. Photo: Xinhua

    Think out of the box when investing in emerging markets

    - Feb 1, 2016 3:15pm
    Debt levels in emerging markets (EMs) have been increasing since the global financial crisis, leading to a debt to gross domestic product (GDP) ratio of about 150 percent or above. I will review the present situation...
  • The economic figures indicate that the transformation toward a service and consumption-led economy is ongoing. Photo: CNSA

    Chinese economy not fully recovered yet

    - Jan 25, 2016 5:34pm
    Official economic figures for December and the fourth quarter are not strong enough to drive away worries over the Chinese economy. Gross domestic product rose 6.8 percent in the last three months of 2015, weaker than...
  • Retail investors account for the majority of the players in the A-share market. Photo: CNSA

    China needs to extend easing measures to support growth

    - Jan 18, 2016 6:39pm
    In the first trading week of the year, the A-share market recorded a 7 percent one-day decline twice. This article will review the reasons that triggered the market plunge, and its implications. We think the market...
  • Job seekers fill out paperwork at booths during a job fair in the United States. Unemployment could fall to 4 percent this year. Photo: Bloomberg

    Three factors underpin US economic outlook

    - Jan 9, 2016 8:01am
    The US Federal Reserve focused on improvements in the US labor market most of the time last year. It hinted that a liftoff in rates would not come until inflation rose above 2 percent. However, the...
  • Consumers want to spend the money they save from gasoline on other products and services. Photo: Bloomberg

    What opportunities low oil price brings

    - Dec 28, 2015 2:54pm
    The price of benchmark Brent crude is at an 11-year low. The global price of oil will remain under pressure in the short term amid a strong dollar. Oil prices are denominated in the US currency....
  • A drilling barge rig off the coast of Louisiana, United States. Oil prices are expected to remain depressed next year. Photo: Bloomberg

    How to deal with the ‘three lows’ in 2016

    - Dec 25, 2015 8:03am
    Global capital liquidity, market volatility and the US dollar will make up a “three-high” environment next year, while world economic growth, interest rates and commodity prices and inflation will be the “three lows”. I will discus...
  • Further easing in Europe will lead to more liquidity in the global capital pool. Photo: Bloomberg

    Liquidity, volatility, dollar index to remain high in 2016

    - Dec 7, 2015 5:02pm
    Investors have been worried about many uncertainties this year, including the Greek debt crisis, the much awaited Fed rate hike, China’s slowing economy, etc. Such sentiment may spill over into 2016 as liquidity, volatility and the...
  • Even though the two-child policy will change the structure of the population, the change will be limited and will take decades. Photo: CNSA

    Hints from China’s 13th five-year plan

    - Nov 28, 2015 8:05am
    China is targeting an economic growth rate of about 6.5 percent in its 13th five-year plan. But, considering that domestic credit is in a downward cycle and that the economy is transforming to a service-driven one...
  • A rate hike by the Federal Reserve will signal confidence in the US economy's prospects. Photo: Bloomberg

    Why a Fed move will help stimulate demand

    - Nov 21, 2015 8:08am
    There have been some arguments that the US Federal Reserve should hold off on its rate hike as the supporting factors for wage growth are still weak in the country, and as the global economy is...

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