Macro: China On The Brink … Commodities Set To Be Crushed! and more

In today’s briefing:

China On The Brink … Commodities Set To Be Crushed!
The Collapse of Luna – Big Negative Impact on 200k Investors In Korea
The Week That Was in ASEAN@Smartkarma – Philippines Election,Thai Bev, and XL Axiata
CX Daily: China’s Race to Provide for Its Aging Population

China On The Brink … Commodities Set To Be Crushed!

Emerging Market Liquidity Index (EMLI™) skids to 29.3 (range 0-100) as EM Central Banks tighten led by renewed Chinese PBoC squeeze
China struggling to stabilize Yuan under USD attack and forced to sharply tighten domestic monetary conditions
Added to an economy hit by C-19 lockdowns, monetary squeeze will further hit activity and lead to World recession , so crushing World commodity prices

The local media have mentioned that nearly 200,000 people in Korea have invested in Terra (Luna) and TerraUSD.
The combined market caps of Luna and TerraUSD at their peaks were nearly $60 billion and nearly $57.4 billion has been wiped out in the past week.
Consequently, in the coming weeks there could be some domino effect of people in Korea that have borrowed money to invest in these risky cryptos selling other assets.

The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across South East Asia.
The past week saw Insights on Thai Beverage as it looks to spin off its BeerCo plus on XL Axiata both post results on Link Net which will complete soon.
There were also insights on Mitra Keluarga and Raffles Medical plus a piece on Singapore Banks from Daniel Tabbush highlighting their safe-haven status, and commentary on the Philippines Election.

Cover Story: China’s race to provide for its aging population
Shanghai lays out plan to end lockdown and reopen business by June
Chart of the Day: China’s record-breaking unemployment rates amid Covid lockdowns

Before it’s here, it’s on Smartkarma