Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
As global bond yields rise concurrently for the first time in years, investors are being forced to review the cost of parking billions of dollars in high-return emerging market assets.
Foreigners trimmed their holdings in Asian equities in the first week of the month, as regional markets were enveloped in a broad global equities sell-off and surging volatility in the wake of rising U.S. bond yields.
Asian currencies are cheap in historical trade-weighted terms despite a steady rise to multi-year highs over the past year on broad U.S. dollar weakness and strong flows into the region, analysts say.
Low domestic interest rates, a strong won and regulatory changes in the insurance industry are enticing South Koreans to invest in overseas assets. Recent central bank data show South Korea's investment in overseas assets surged to a record high of $68.2 billion in the first eleven months of 2017.
Asian currencies strengthened on Friday as the dollar languished on fears over a U.S. government shutdown and as China's strong economic growth figures boosted sentiment in the region.
There's unlikely to a repeat this year of the surge of foreign flows into Asian bonds that 2017 brought, analysts say, as major central banks are set to pare their monetary stimulus, which could squeeze global liquidity.
Jan 16 - There's unlikely to a repeat this year of the surge of foreign flows into Asian bonds that 2017 brought, analysts say, as major central banks are set to pare their monetary stimulus, which could squeeze global liquidity.
Jan 11 Reforms by China that allow Hong Kong-listed mainland companies to trade locked-up equity on the open market could boost stock prices and liquidity in the territory, analysts say, but immediate upside is likely to be limited.
Jan 9 Foreign investors were net sellers of Asian equities in December as they booked profits, however, analysts expect inflows into the region to pick up this year.
While Asia's equity rally this year has been uneven, fuelled by a few large cap and technology stocks, analysts believe money will start flowing into shares that have been overlooked.