Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
Asian shares have had a wild ride in 2018, with major markets set to end the year in negative territory. But J.P. Morgan Asset Management likes them.
Greater China markets have so far been among the biggest losers in Asia. The Shenzhen composite has fallen by around 30 percent this year, while the Shanghai composite has chalked up a loss of more than 20 percent. In Hong Kong, the Hang Seng Index has shed nearly 15 percent.
The "market has been very difficult this year, but actually we remain long-term positive on Asia. And we think this is now a time to build core strategic positions," Janet Tsang, Asia Pacific and emerging markets investment specialist at J.P. Morgan Asset management, told CNBC's "Street Signs" on Friday.
Tsang is not the only one who likes Asian markets. Morgan Stanley's chief equity strategist for Asia and emerging markets, Jonathan Garner, told CNBC on Thursday that he's "outright bullish" on markets in Asia.
Such optimism comes as investors are increasingly worried about a global economic slowdown. Those fears have sent financial markets worldwide on a volatile ride in recent months. But Tsang said there are three reasons why investors should stay invested in Asia.
The strength in the U.S. dollar has hurt Asian markets this year. That's because investors, attracted by a robust American economy and the potential for better returns stateside, shifted their money into the United States.
But there are a number of reasons that trend could reverse, according to Tsang. First, the Federal Reserve is widely expected to stop hiking interest rates some time next year as growth in the U.S. slows down — developments that would limit the greenback's rise.
Second, the U.S. faces both fiscal and current account deficits. A fiscal deficit means the government is spending more than what it earns, and current account deficit occurs when the value of U.S. imports exceed what it exports. Both instances are negative for the greenback, Tsang noted.
"With the U.S. Fed potentially pausing their rates (increases) some time in 2019, as well as growth in the U.S. peaking out, coupled with the twin deficits in the U.S., the dollar is likely to revert to its downward retracement, " she said.
Many Asian economies are heavily dependent on trade and have supply chains that are linked to China. Therefore, additional tariffs imposed by U.S. on Chinese goods are also a threat to other Asian countries.
But much of the negativity from the U.S.-China trade war has been priced in by markets, Tsang said. That means stock prices have largely taken into account factors that will affect their future movements. So, she argued, markets in the region should stabilize.
"With the 90-day truce as well as China giving up more concessions, we believe that markets should be able to find some stabilization here," said Tsang.
Despite prevailing negative sentiment on Asian stocks, company earnings have actually remained in "good shape," said Tsang.
In addition, stock valuations have also adjusted with a key financial metric — the price-to-book ratio — for Asian shares now running below its long-term average, she noted. The price-to-book ratio measures a company's market value to its net assets. A lower ratio typically means a stock is undervalued.
In Asia, that ratio suggests "a very decent" returns in the next 12 months, Tsang said.
"So overall, with risks going to subside and fundamentals remain solid, we believe that Asian equities should look better in 2019," she said.