APAC MONDAYS

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GEOPOLITICAL RISK+GLOBAL MARKETS

APAC MARKETS IMPACT + OPPORTUNITY

Major Clashes Erupt in Hong Kong Ahead of China’s National Day Three of Hong Kong’s main commercial districts were engulfed in thick clouds of tear gas on Sunday as pro-democracy demonstrators battled the police in an open challenge to Beijing just two days before China celebrates 70 years of Communist rule. -NYT

Street fires burn in Hong Kong amid running battles between protesters and police -Reuters

The Coming Crisis of China’s One-Party Regime In 2012, Chinese President Xi Jinping promised that the Communist Party would deliver great successes in advance of two upcoming centennials, in 2021 and 2049. But no amount of nationalist posturing can change the fact that the fall of the CPC appears closer than at any time since the end of the Mao era. -Project Syndicate

Trump's turn at Modi's Houston rally only obscures US-India rifts Washington's pressure on New Delhi benefits America's adversaries -Nikkei

After a China-Vietnam Standoff, Expect a Turn to the US Coercive Chinese tactics to settle South China Sea disputes serve as a catalyst for enhanced Vietnam-U.S. security cooperation. -The Diplomat

Opposition slams Australia’s China ties -Taipei Times

“What we saw this week was the prime minister in the United States in the context of there being trade tensions between the US and China, and from there, taking pot shots against our largest trading partner,” Marles said. “The context in which he has engaged in this megaphone diplomacy is absolutely the issue, and it’s not the way in which this issue should be dealt with in a respectful way.”

GLOBAL BUSINESS

US-Japan trade deal is victory for Abe, not Trump Tokyo offered nothing more than it had three years ago Days later, China’s move to retaliate with $75 billion of tariffs on U.S. goods played right into Tokyo’s hands. Team Trump blinked, dropping demands for low-tariff quotas on dairy and other products beyond what Japan accepted under TPP. This slimmed-down deal matters, of course. Trump gets to tout selling more beef, cheese, corn, pork, wheat and wine: in theory, the pact reduces tariffs on $7.2 billion of agricultural goods. -Nikkei

Starbucks Can't Afford a Misstep in Hong Kong The coffee chain has to weigh its ambitious expansion plans in China against pressure to appease protesters. -Bloomberg

This dirty word is driving economic change in Japan Unfortunately, new laws that took effect in April to open the country wider to workers from abroad don’t go far enough. Prime Minister Shinzo Abe’s proposal to bring in 345,150 foreigners over five years — watered down to appease conservative lawmakers — falls short of the 1.5 million needed to fill Japan’s labor shortage. -The Japan Times

US Investment Diplomacy and India’s Preferential Trade Status Putting the U.S. termination of India’s preferential trade status in perspective -The Diplomat

Southeast Asia must find the right balance in ride-hailing regulation States should support free market and technology, not hinder innovation -Nikkei

Downtown Singapore Is a New Property Playground In about a decade, the city’s central business district will become more residential. That’s good news for landlords. -Bloomberg

Fearing a loss of investment, Bangladesh assuages multinationals Minister to mediate telcos' tax dispute while secretary to lobby drug giant Sanofi -Nikkei

GLOBAL MACRO

U.S. Treasury Says No Plans to Block Chinese Listings ‘at This Time’ Treasury official says option is not on the table at this time -Bloomberg

Nasdaq cracks down on IPOs of small Chinese companies -Reuters

Foreign investors dump Indonesian shares for bonds as global slowdown looms -The Jakarta Post

India keen to import more Thai rubber High tariffs have limited the market, with both sides eager to cut them -Bangkok Post

Govt unhappy with half of House-proposed revision of minerals law The Energy and Mineral Resources Ministry announced on Wednesday evening that the government tentatively had 938 points of disagreement with the House of Representatives’ proposed revision of the 2009 Coal and Mineral Mining Law -The Jakarta Post