Asian firm confidence at 3-year low as Singapore and India drive wealth gap

Below are my top twelve news stories for the day with added commentary.

1 - Asian firms’ confidence sinks to near 3-year low on trade war fears
Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before.

It was a second straight quarter-on-quarter decline for the index and the pace of the fall was the steepest recorded since the survey began in 2009. A reading above 50 indicates a positive outlook.
If you are looking for a reason behind policy divergence, here is a big one. Asia business sentiment is very poor. And the fall in this index is precipitous, suggesting that an economic slowdown in Asia is on the horizon. This...


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