https://peterlewismoneytalk.substack.com/

Peter Lewis' Money Talk, London (2025)

30/09/2025

PETER LEWIS' MONEY TALK WILL RETURN ON WEDNESDAY 8 OCTOBER 2025

Money Talk will take a short break for the China Golden Week holidays and will be back on Wednesday 8 October with the latest business and finance news. To discuss that will be Richard Harris, Chief Executive Officer at Port Shelter Investment Management and Marc Franklin, Managing Director and Senior Portfolio Manager of Multi Asset Solutions at Manulife Investment. With a view from Japan will be Dan Kerrigan, CEO of Interactive Brokers Securities Japan.

Enjoy the National Day and Mid-Autumn Festival holidays if you are in mainland China or Hong Kong or celebrating elsewhere.

Money Talk will take a short break for the China Golden Week holidays and will be back on Wednesday 8 October with the latest business and finance news.

30/09/2025

PETER LEWIS' MONEY TALK - Tuesday 30 September 2025

On Tuesday's Money Talk,

● China announces date for Fourth Plenum to map out 5-year plan
● Japan & South Korea look to renegotiate investment deals with US
● Gold surges to record high on weaker dollar & US shutdown risk

with Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Samuel Faveur, Chief Executive Officer at Mandarin Capital, and our US Economics Correspondent, writer & broadcaster, Barry Wood.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peter-lewis-money-talk-tuesday-30-cda?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● China announces date for Fourth Plenum to map out 5-year plan ● Japan & South Korea look to renegotiate investment deals with US ● Gold surges to record high on weaker dollar & US shutdown risk

29/09/2025

PETER’S ASIAN BUSINESS & FINANCE BRIEFING – Tuesday 30 September 2025, 06:00 Hong Kong

Quick Summary - 4 Things To Know Before Asian Markets Open

1. The Communist Party of China will hold its annual closed-door conclave between October 20 and 23 in Beijing to discuss the next five-year plan, a blueprint that will set out the country’s economic, political and social goals. The date was announced following a meeting of the Politburo on Monday that set the tone for the fourth plenary session, which will be attended by President Xi Jinping and more than 370 members of the party’s Central Committee. The Politburo meeting was chaired by Xi and reviewed a draft proposal of the 15th five-year plan. That proposal will be endorsed at the plenum next month after revisions arising from the meeting, according to state news agency Xinhua.

2. China's transport sector is geared up for strong demand and Beijing pledged all-out efforts to ensure safe and smooth travel during the eight-day National Day and Mid-Autumn Festival holiday that starts tomorrow, the Ministry of Transport said. China is forecasting 2.36 billion passenger trips nationwide over the holiday period. That would represent a daily average of 295 million trips, a 3.2% increase from a year ago.

3. A top contender to lead Japan's ruling party suggested that a trade renegotiation with the US could be on the table if the deal doesn't serve Japan's interests. Sanae Takaichi made the comments during a live Fuji TV show, less than a week before the ruling Liberal Democratic Party is set to elect its new leader from five candidates. Meanwhile, South Korea says it can’t pay US$350 billion in cash as suggested by Washington under a deal to lower its tariffs. South Korea said Washington’s terms were unrealistic. The comments came after Trump described the investment pledges agreed by South Korea and Japan as “up front.”

4. Gold climbed to a record high above $3,800 an ounce as precious metals surged, boosted by a weaker US dollar. Bullion rose 1.9% to an all-time high of $3,831 an ounce, eclipsing a peak reached last Tuesday, after notching six straight weekly gains. Silver increased 0.8% to the most in 14 years, while platinum and palladium also rallied strongly.

On Tuesday’s “Peter Lewis’ Money Talk” podcast, I’ll be joined by Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Samuel Faveur, Chief Executive Officer at Mandarin Capital, and our US Economics Correspondent, writer & broadcaster, Barry Wood.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peters-asian-business-and-finance-d55?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● China announces date for Fourth Plenum to map out 5-year plan ● Japan & South Korea look to renegotiate investment deals with US ● Gold surges to record high on weaker dollar & US shutdown risk

29/09/2025

PETER LEWIS' MONEY TALK - Monday 29 September 2025

On Monday's Money Talk,

● Chinese industrial profits jump 20.4% y/y in August
● US PCE core inflation in line with forecasts at 2.9% y/y
● Asian stocks lower after Trump slaps 100% levies on branded drugs

with Alex Wong, director at Alex KY Wong Asset Management, and Gary Ng, senior economist for Asia Pacific thematic research at Natixis. Providing a view from Mainland China is Brock Silvers, CIO at Kaiyuan Capital.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peter-lewis-money-talk-monday-29-8f0?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● Chinese industrial profits jump 20.4% y/y in August ● US PCE core inflation in line with forecasts at 2.9% y/y ● Asian stocks lower after Trump slaps 100% levies on branded drugs

28/09/2025

PETER’S ASIAN BUSINESS & FINANCE BRIEFING – Monday 29 September 2025, 06:00 Hong Kong

Quick Summary - 4 Things To Know Before Asian Markets Open

1. Chinese industrial profits surged in August after months of declines, signalling that national campaigns to tackle overcapacity and excessive competition are bearing fruit. Industrial profits last month jumped 20.4% from a year earlier, the first increase in four months and recovering sharply from a 1.5% drop in July, according to data released Saturday by the National Bureau of Statistics. For the first eight months of the year, they climbed 0.9% to 4.69 trillion yuan, beating economists’ forecasts for a 1.6% drop and rebounding from a 1.7% decline in the first seven months of the year.

2. US core inflation was little changed in August, according to the Federal Reserve’s preferred measure of price rises, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the highest in six months, the Commerce Department reported Friday. Excluding food and energy, the more closely followed core PCE price level was 2.9% on an annual basis after rising 0.2% for the month.

3. Core inflation in Japan’s capital city of Tokyo came in softer than expected at 2.5%, compared to expectations of 2.8% from economists polled by Reuters. Headline inflation held steady at 2.5%. Tokyo’s inflation figures are widely considered to be a leading indicator of nationwide trends. Despite the miss, inflation stayed above the Bank of Japan’s 2% target, fuelling speculation of another rate hike later this year.

4. Asia-Pacific shares fell Friday after Donald Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical products. Starting from October 1, “any branded or patented Pharmaceutical Product” faces 100% duties, except for companies that build drug manufacturing plants in the US, Trump said in a Truth Social post early Friday. Shares of Asian pharmaceutical companies fell. In Japan, the Topix Pharma Index fell 1.4% following the announcement. Chugai Pharmaceutical (-4.8%) and Sumitomo Pharma (-3.5%) were among the companies that led losses. Daiichi Sankyo dropped 2.0%. Heavyweight South Korean pharma stocks like Samsung Biologics (-2.2%) and SK Bio Pharmaceuticals (-3.5%) were also down.

On Monday’s “Peter Lewis’ Money Talk” podcast, I’ll be joined by Alex Wong, director at Alex KY Wong Asset Management, and Gary Ng, senior economist for Asia Pacific thematic research at Natixis. Providing a view from Mainland China is Brock Silvers, CIO at Kaiyuan Capital.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peters-asian-business-and-finance-623?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

● Chinese industrial profits jump 20.4% y/y in August ● US PCE core inflation in line with forecasts at 2.9% y/y ● Asian stocks lower after Trump slaps 100% levies on branded drugs

26/09/2025

PETER LEWIS' MONEY TALK - Friday 26 September 2025

On Friday's Money Talk,

● China sets out climate plan for next decade
● South Korea warns US projects remain in limbo without visa fix
● Trump approves TikTok deal through executive order

with Francis Lun, the CEO of GEO Securities and David Roche, President & Global Strategist at Quantum Strategy. With a view from Australia is Toby Lawson, the former head of Statton Partners in Sydney Australia.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peter-lewis-money-talk-friday-26-8d4?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● China sets out climate plan for next decade ● South Korea warns US projects remain in limbo without visa fix ● Trump approves TikTok deal through executive order

25/09/2025

PETER’S ASIAN BUSINESS & FINANCE BRIEFING – Friday 26 September 2025, 06:00 Hong Kong

Quick Summary - 4 Things To Know Before Asian Markets Open

1. President Xi Jinping took a veiled swipe at President Trump and criticized countries that are turning away from the fight against global warming as he presented a new plan to cut greenhouse-gas emissions under the Paris accord. “Green and low-carbon transition is the trend of our time,” Xi said in a video message to the United Nations. “While some countries are acting against it, the international community should stay focused in the right direction.” Xi’s remarks came a day after Trump called climate change a “con job” and said renewable energy, along with migration, was destroying Western countries. China will cut its greenhouse gas emissions by up to 10% and increase renewable energy capacity six-fold within a decade, President Xi announced in a new climate plan.

2. South Korea’s prime minister warned that its US investment projects will stay frozen unless Washington fixes visa rules that left Korean workers wary of returning after a high-profile raid. Kim Min-seok told Bloomberg News that meaningful progress is “virtually impossible” without assurances, raising the stakes for a US$350 billion trade deal still under negotiation and throwing fresh uncertainty over one of the world’s most closely watched economic partnerships.

3. The final estimate of second-quarter US GDP growth came in much stronger than expected, at 3.8%, versus a prior estimate of 3.3%. It marked the strongest performance since the third quarter of 2023. The stronger-than-anticipated figure primarily reflected an upward revision to consumer spending. PCE rose 2.5% (vs 1.6% in the second estimate), led by a bigger revision for services (2.6% vs 1.2%) while spending on goods remained robust (2.2% vs 2.4%).

4. Donald Trump on Thursday signed an executive order approving a proposed deal that would keep TikTok alive in the US. Vice President JD Vance said the valuation is US$14 billion. Under the deal’s terms, which China must still approve, a new joint-venture company will oversee TikTok’s US business, with ByteDance retaining less than 20% stake. No representatives from ByteDance were present at the signing, and the company hasn’t acknowledged that a transaction is taking place. No purchase price was mentioned, and there’s no indication that the Chinese government has made changes to laws that would be necessary for a deal to take place.

On Friday’s “Peter Lewis’ Money Talk” podcast, I’ll be joined by Francis Lun, the CEO of GEO Securities and David Roche, President & Global Strategist at Quantum Strategy. With a view from Australia is Toby Lawson, the former head of Statton Partners in Sydney Australia.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peters-asian-business-and-finance-133?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● China sets out climate plan for next decade ● South Korea warns US projects remain in limbo without visa fix ● Trump approves TikTok deal through executive order

25/09/2025

PETER LEWIS' MONEY TALK - Thursday 25 September 2025

On Thursday's Money Talk,

● Super Typhoon Ragasa makes landfall in China after 17 killed in Taiwan
● Trump plans H-1B lottery overhaul to prioritize higher earners
● Alibaba shares surge over 9% as it boosts AI bet

with Andrew Freris, the CEO of Ecognosis Advisory, and Louisa Fok, China Equity Strategist at Bank of Singapore. With a view from Taiwan is Ross Feingold, Director of Research, Caerus Consulting, Taiwan.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peter-lewis-money-talk-thursday-25-cd9?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● Super Typhoon Ragasa makes landfall in China after 17 killed in Taiwan ● Trump plans H-1B lottery overhaul to prioritize higher earners ● Alibaba shares surge over 9% as it boosts AI bet

24/09/2025

PETER’S ASIAN BUSINESS & FINANCE BRIEFING – Thursday 25 September 2025, 06:00 Hong Kong

Quick Summary - 4 Things To Know Before Asian Markets Open

1. Super Typhoon Ragasa crossed China’s southern coast Wednesday. The typhoon did not make landfall in Hong Kong but left 90 people injured after it skirted the coastline, unleashing powerful winds and heavy rain. In southern China, around 2 million people were evacuated. Taiwan’s Matai'an Creek barrier lake burst after heavy rains from Typhoon Ragasa, releasing millions of tonnes of water. Geologists are describing it as a "tsunami from the mountains".

2. The Trump administration is proposing major changes to the selection process for H-1B visas heavily used by the tech industry, basing allocation on skill-level required and wages offered for a position instead of the current randomized lottery. The proposal, released Tuesday, is the latest effort by President Donald Trump to overhaul the H-1B programme. Indian officials will ask US trade negotiators this week to ease access for thousands of skilled workers. Trade talks up to now have centred around easing access for goods only, but Trump’s latest crackdown on immigration has pushed New Delhi to widen the negotiations to include services industries, such as IT.

3. China will drop its claim to benefits available to developing countries in trade negotiations under the WTO in a move that follows long-standing US objections to the practice. China’s Premier Li Qiang announced the plan to refrain from claiming “special and differential treatment” on the sidelines of the UN General Assembly meeting in New York, potentially removing one barrier to much-needed reforms of the WTO. “China will not seek any new special and differential treatment in the current and future World Trade Organization negotiations,” said Li, according to state media Xinhua.

4. Shares of Alibaba surged 9.2% to their highest in nearly four years after revealing plans to ramp up AI spending past an original US$50 billion-plus target, in a global race for technological breakthroughs. Chief Executive Officer Eddie Wu anticipates overall investment in artificial intelligence accelerating to some US$4 trillion worldwide over the next five years. To keep up, the company will soon add to a plan laid out in February to spend more than 380 billion yuan (US$53bn) developing AI models and infrastructure over three years, he said.

On Thursday’s “Peter Lewis’ Money Talk” podcast, I’ll be joined by Andrew Freris, the CEO of Ecognosis Advisory, and Louisa Fok, China Equity Strategist at Bank of Singapore. With a view from Taiwan is Ross Feingold, Director of Research, Caerus Consulting, Taiwan.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peters-asian-business-and-finance-419?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● Super Typhoon Ragasa makes landfall in China after 17 killed in Taiwan ● Trump plans H-1B lottery overhaul to prioritize higher earners ● Alibaba shares surge over 9% as it boosts AI bet

24/09/2025

PETER LEWIS' MONEY TALK - Wednesday 24 September 2025

On Wednesday's Money Talk,

● OECD warns Trump’s tariffs will damage the global economy
● India economic activity cools after tariffs
● Hong Kong hit by Super Typhoon Ragasa

with Tim Huxley, Chairman of Mandarin Shipping and Hong Kong based macro strategist, Patrick Bennett. With a view from Japan is Nick Smith, Japan strategist at CLSA.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892
https://open.substack.com/pub/peterlewismoneytalk/p/peter-lewis-money-talk-wednesday-bd8?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● OECD warns Trump’s tariffs will damage the global economy ● India economic activity cools after tariffs ● Hong Kong hit by Super Typhoon Ragasa

23/09/2025

PETER’S ASIAN BUSINESS & FINANCE BRIEFING – Wednesday 24 September 2025, 06:00 Hong Kong

Quick Summary - 4 Things To Know Before Asian Markets Open

1. The Organisation for Economic Co-operation and Development (OECD) upgraded its global economic growth forecast on Tuesday, with many economies appearing more resilient than expected so far this year. The OECD now expects global growth of 3.2% this year, compared to the 2.9% expansion it had forecast in June. Expectations for 2026 were unchanged at 2.9%. This would mark a slowdown from the 3.3% growth seen in 2024. Growth expectations for the US were also lifted to 1.8% for 2025, compared to June’s 1.6% estimate. However, this still marks a significant fall from 2024′s 2.8% growth. The organization forecasts 1.5% growth for the US in 2026. China’s growth is seen easing to 4.9% in 2025 and 4.4% in 2026 as front-loaded activity unwinds, tariffs take effect, and fiscal support fades. Japan is forecast to grow at 1.1% this year and 0.5% in 2026. India is set to maintain its robust expansion with 6.7% growth this year and 6.2% next year.

2. Chinese stocks fell on Tuesday after the head of China’s central bank quashed hopes of economic stimulus measures at a briefing on Monday. Pan Gongsheng, governor of the People’s Bank of China, signalled that the central bank would assess microeconomic changes and apply adequate tools, but did not announce any immediate policy changes. He said the country’s monetary policy is primarily driven by domestic data and economic conditions, despite last week’s rate cut by the US Federal Reserve.

3. India’s economic activity cooled in September, after Donald Trump’s 50% tariffs took effect, a flash survey by HSBC showed. The manufacturing purchasing managers’ index slipped to 58.5 from August’s 17-and-a-half-year high of 59.3. Despite the moderation, the index remained comfortably above the neutral 50.0 threshold and its long-run average of 54.2, signalling a still-robust expansion in the sector. The services PMI fell to 61.6 from 62.9 last month. Despite the decline, the reading remained close to August’s peak, which was the strongest expansion in the services sector since June 2010.

4. Super Typhoon Ragasa is passing through China’s Pearl River estuary this morning, the delta that is home to some of the country’s biggest technology and manufacturing hubs. Schools, roads and rail lines are closed. A super typhoon is the strongest category of tropical cyclone, with sustained winds of more than 185km an hour. The Hong Kong Observatory raised Hurricane Signal No. 10, the highest on the local scale. Officials said the warning will remain in force for some time.

On Wednesday’s “Peter Lewis’ Money Talk” podcast, I’ll be joined by Tim Huxley, Chairman of Mandarin Shipping and Hong Kong based macro strategist, Patrick Bennett. With a view from Japan is Nick Smith, Japan strategist at CLSA.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peters-asian-business-and-finance-300?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● OECD warns Trump’s tariffs will damage the global economy ● India economic activity cools after tariffs ● Hong Kong hit by Super Typhoon Ragasa

23/09/2025

PETER LEWIS' MONEY TALK - Tuesday 23 September 2025

On Tuesday's Money Talk,

● China leaves benchmark lending rates unchanged as expected
● Confusion surrounds new US work visa charges
● TikTok’s algorithm to be secured by Oracle in Trump-backed deal

with Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Alex Frew McMillan, a free-lance writer and Asia columnist for TheStreet.com, and our US Economics Correspondent, writer & broadcaster, Barry Wood.

The podcast is also available on Apple Podcasts, YouTube Studio and Spotify.

Spotify
https://open.spotify.com/show/7Lhinpp9qyGshENd0vCAnw

YouTube Studio
https://www.youtube.com/playlist?list=PLnwqOJD9ie5gHH29bNfuG1Nscy8rdJo6O

Apple Podcasts
https://podcasts.apple.com/us/podcast/peter-lewis-money-talk/id1677731892

https://open.substack.com/pub/peterlewismoneytalk/p/peter-lewis-money-talk-tuesday-23-517?r=2mzv7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

● China leaves benchmark lending rates unchanged as expected ● Confusion surrounds new US work visa charges ● TikTok’s algorithm to be secured by Oracle in Trump-backed deal

Peter Lewis' Money Talk

30/09/2025

30/09/2025

29/09/2025

29/09/2025

28/09/2025

26/09/2025

25/09/2025

25/09/2025

24/09/2025

24/09/2025

23/09/2025

23/09/2025

Address

Website

Alerts

Shortcuts

Share

Category

Money Talk