East Asia in Four Charts

The key issue in the region is the outlook for AI tech demand. However, other dynamics are important. In the big economies, property matters in China and consumption in Japan. In Korea, the tech spillover to domestic demand hasn't happened yet. It has in Taiwan, but the boom hasn't lifted the TWD.

Paul Cavey

Nov 9, 2026 • 3 min read

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China – inflation all external

PPI inflation accelerated again in October, a rise that is supporting nominal GDP and would usually lift corporate profits too. But this is all externally-driven. Downstream prices in PPI and the overall CPI remain weak, and outside of food, leading indicators point to slower inflation in 2027.

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Last week, next week

The outlook for macro markets in the region remains closely tied with the fortunes of the AI cycle. While uncertainty remains, rates, currencies and equities will likely trade together. Currencies might end up looking different, depending on how the dollar reacts to any shift in semi demand.

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East Asia Today

A longer note on the prospects for the TWD in the light of the equity sell-off and doubts over the future of the AI cycle. As has been the case for a few months, today's wage data in Japan were mixed. In addition, some charts on today's market moves.