The 720

The report provides an update on HK financials, Japan monetary policy, and a cross-asset strategy shift towards being fully invested with a pro-risk stance.

Key Takeaways

• 1.The Bank of Japan is expected to hike interest rates at the June Monetary Policy Meeting following hawkish comments from Governor Ueda.
• 2.Goldman Sachs upgraded its cross-asset stance to fully invested, shifting to an Overweight position on global equities for the 12-month horizon.
• 3.Hong Kong banks and insurers face regulatory scrutiny, but there is no evidence of a systemic halt in cross-border business activities.

Table of Contents

• In Focus | HK Banks & Insurance
• Themes in Play | Broadcom, China Consumer Staples
• Japan Macro | June Rate Hike, Yen
• Event | Titan
• GS Event | Yaskawa Electric
• New | Capitaland Ascendas REIT downgrade
• Asia Macro | India Financing
• Around the world | Cross Asset Strategy