Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
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U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Trump Win May Trigger Chinese Stock Decline and Spur Beijing Stimulus, JPMorgan Predicts
According to JPMorgan, a Donald Trump victory in the 2024 U.S. presidential election could result in a significant sell-off in Chinese stocks, pushing Beijing to ramp up fiscal stimulus efforts to stabilize its economy. Trump's strong stance on China includes plans for heightened trade tariffs if re-elected, which could lead to further economic pressures on Beijing, potentially requiring new economic support measures.
JPMorgan analysts noted that a second Trump administration might employ a more assertive approach to tariffs and other trade policies. They stated, “A Trump 2.0 scenario would likely mean increased tariffs and escalation tactics, leading to a probable initial sell-off in the Chinese markets.” In response, China may also impose its countermeasures.
To manage potential economic disruptions, JPMorgan expects that Beijing might introduce additional stimulus to boost demand, stabilize markets, and strengthen domestic industries. The investment bank highlighted China Galaxy Securities and Semiconductor Manufacturing International Corp as potential winners if Beijing increases fiscal support to counteract external pressures.
In contrast, JPMorgan views a Kamala Harris victory as potentially bolstering Chinese market optimism. Under her leadership, Chinese export-oriented stocks, such as Qingdao Haier and Midea Group, might benefit from increased global trade and cooperation.
Additionally, China's National People’s Congress Standing Committee is expected to meet this week, with analysts forecasting a significant fiscal spending plan to support economic stability amid global uncertainties. Experts anticipate a new stimulus package totaling at least 10 trillion yuan ($1.4 trillion).
