Mon Sep 28, 2026: Trump's "arms offer" to China has Washington scrambling to contain fallout; Nomura sees up to 50bp RBI hikes by Dec; TSMC's first Singapore plant is sold out and already eyeing expan

The Trump arms offer to China is the one that can gap Asia open. SCMP says Washington is in containment mode. If this hardens into Taiwan/defense headlines, HK/China risk premium moves first. Watch this. HKEX is celebrating 40 years of Hong Kong's modern stock exchange with "A Place to Connect." Nice milestone, but the issue is China/HK sentiment is still hostage to US-China headlines. The Trump arms story matters more than the exhibition. TSMC affiliate's first Singapore plant is already sold out and eyeing expansion. Good signal for AI demand and Singapore's semiconductor hub. Not sure people appreciate how tight advanced packaging and power still are. Apurva Sheth is flagging AI's 30x sales premium — OpenAI, Anthropic, the whole valuation debate. The issue is private AI marks still set the tone for public tech multiples. If that premium cracks, Asia semis feel it fast. Nomura sees RBI hiking up to 50bps by Dec, explicitly dismissing 125bps fears. That's steep for a market already st

The Trump arms offer to China is the one that can gap Asia open. SCMP says Washington is in containment mode. If this hardens into Taiwan/defense headlines, HK/China risk premium moves first. Watch th