Bloomberg Daybreak: Asia Edition Weak US Jobs Data Fuels Fed Cut Bets
Sep 4, 2025
Audrey Goh, Head of Asset Allocation at Standard Chartered Wealth Management Group, shares her expertise on market trends in light of recent weak U.S. job numbers. The discussion highlights a rally in Asian equities and the potential for Federal Reserve rate cuts, which has stirred investor interest. Goh emphasizes strategic investment timing, particularly in response to yield curve changes and regional performance. She also touches on emerging risks like trade tensions and inflation, encouraging gold as a vital diversifier in uncertain markets.
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Add Asia And China On Pullbacks
- Keep the US as a core equity holding but use any pullback to add exposure to Asia and China.
- Audrey Goh advises buying Asian and Chinese equities on dips due to relative valuation discounts and dollar tailwinds.
Retail Liquidity Fuels China Rally
- Chinese retail is redeploying maturing deposits into equities, boosting liquidity and account openings.
- Goh sees this as a supportive liquidity-driven momentum, though she prefers entering on pullbacks given richening valuations.
Use Gold To Hedge Policy And Inflation Risks
- Maintain a core allocation to gold as a diversifier against underappreciated risks like renewed trade tensions or inflation.
- Goh recommends gold to hedge policy and inflation uncertainty while keeping equity exposure balanced.