Event Profile

Go Back

Webcast: A New Era in Global Macro And Asia

Tuesday, November 25, 2025

9:00-10:00 HKT/SGT

12:00-13:00 AEDT

Arthur Budaghyan, Chief Strategist of Emerging Markets Strategy & China Investment Strategy at BCA Research, believes we’re entering a new era for EM, China, and global markets - a time when familiar correlations are breaking down and new dynamics are emerging. This session will be moderated by Will Wang, CAIA Greater China Chapter Head, ensuring a dynamic discussion. We are proud to partner with BCA Research and AIMA in bringing you this important event.

During the session, Arthur will discuss the following:

• Regime shifts: Why USD depreciation is deflationary, not reflationary for global growth and EM equities.
• China’s Profitability Test: Will corporate earnings improve justifying higher share prices?
• Equity Leadership Rotation: Can AI capex delay the inevitable? Tech’s spending boom may buy time, but history shows profit margin changes often precede market handovers.
• GDP vs. Equity Performance: Why growth, profits, and equity returns in EM and China don’t always move together.
• India: A buying opportunity or the end of the secular bull market?
• Standout Opportunity: Why domestic EM debt could be today’s most compelling opportunity.
• Commodity decoupling: Why some commodities will rally but others will drop as the USD depreciates.
• Country-Level Calls: Where we see the best entry points in EM equity and fixed income.

• 2026 Playbook: The most compelling investment themes and which indicators to watch.