India is Asia's least-affected economy in terms of the coronavirus outbreak. It should benefit despite a low-level 'trade skirmish.'
Any modest intraday dip is probably a buying opportunity.
Here are a number of things that I'm watching now.
Did you ever think that could be allowed? That our government let that happen? No one seemed to think about it until now. The answer, like the coronavirus, is we knew.
Beijing is allowing banks to relax lending standards, which could mask many nonperforming loans while problem borrowing rises as high as 13.3% of Chinese debt.
While some 'pruning' can be necessary, Thursday was a strange day to get clipped.
The world's most levered balance sheet belongs not to a company, but to a country: Japan.
The ultimate economic impact of the disease isn't clear, but what is clear is who is most at risk and where you're mostly likely to contract it.
The world's third-largest economy is likely to now be in recession, and Japanese investors have sensibly switched into defensive sectors and low-volatility stocks.
There's too much upside, not enough downside, so the selling, which should have begun, just hasn't happened.