Global Slowdown in Growth Will Be Negative for Asian Equities, Says Daiwa Capital’s Kitney

The video discusses the global economic slowdown's negative impact on Asian equities, especially in markets tied to the global trade cycle like Japan, Korea, Hong Kong, and China. It highlights potential short-term relief in North Asian markets due to policy uncertainty resolution, such as Brexit developments and trade deals. The UK elections could influence Brexit outcomes, affecting global risk premiums. A larger majority for Boris Johnson might lead to a Brexit deal, while a Labour coalition could result in a referendum, potentially avoiding Brexit.

Which markets are expected to be negatively impacted by the global economic slowdown?

• Australia and New Zealand

• United States and Europe

• Japan, Korea, Hong Kong, and China

• Emerging ASEAN and India

What is the potential short-term effect on North Asian markets due to policy uncertainty?

• A complete market crash

• No change

• A relief rally

• A significant downturn

What could provide initial relief in the context of Brexit?

• Increased tariffs

• A new trade war

• A move away from an imminent no-deal Brexit

• A no-deal Brexit

What are the possible outcomes of the UK election regarding Brexit?

• Immediate economic growth

• A new trade agreement with the US

• A majority for Boris Johnson or a coalition leading to a referendum

• A no-deal Brexit

How might the UK election affect global risk premiums?

• It could lead to increased risk premiums

• It will have no effect

• It will cause a global recession

• It could reduce risk premiums