US President Trump announced on Saturday that an Iran-US deal to reopen the Strait of Hormuz (SoH) is almost finalised only to qualify that on Sunday, saying he is in no rush for a deal. Nonetheless markets perceive a deal may finally emerge this week and are using Asia to position given that US equity market is
closed today for the Memorial Day holiday. As we write, most Asian equity markets are up as are all Asian currencies except for the Indonesian rupiah.

Read | Eastspring’s CIO Views Weekly Bulletin

Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.