Wrap Asia

Japan's stocks hit historic highs on snap election buzz, but is it a valuation trap or a real economic shift?

Tariff threats spark flight to gold & silver (up 5%+), while stocks & crypto (BTC -3%) tumble. Watch US PCE data.

AI infrastructure investment hits $400B, projected to $750B by 2029. Geoeconomic shifts & tech race reshape global trade.

German Chancellor Merz says he will try to meet with Trump on Wednesday in Davos. Adds that they don't want a trade war but can take action if needed.

US tariffs cost consumers 96%, not foreign exporters. Trade volumes drop, not prices. A $200B tax on Americans.

Uzbekistan's GDP surges to €133bn, per capita income doubles; exports up 23%, reserves exceed €55bn.

Private equity ETFs offer limited exposure, with valuation risks. PRIV & PRSD beat benchmarks, but XOVR's SpaceX valuation is murky.