エピソード

  • How Taiwan Semiconductor ETFs Are Falling Despite Rising Earnings

    How Taiwan Semiconductor ETFs Are Falling Despite Rising Earnings
    2026/06/05
    Taiwan Semiconductor (TSMC) just reported record May revenue, yet Taiwan ETFs like EWT are down nearly 7% in the past five days. Lucas and Luna dig into the disconnect—why a company with dominant market share in advanced chips, strong pricing power, and a strategic position in the AI supply chain is seeing its stock and ETF slide. They trace the pressure to three forces: US-China tariff escalation that threatens Taiwan's role in global supply chains, rising geopolitical risk as the Iran conflict draws in more players, and a broader rotation out of emerging markets into safer assets. The hosts also connect it to the broader narrative of the 'Taiwan tax'—the discount investors demand for holding assets exposed to potential conflict. Specific data points include the EWT's 6.7% weekly drop versus the S&P 500's modest 1.9% decline, and the trade-weighted dollar index easing slightly to 118.9. This episode offers a concrete case study in how macro risk can overwhelm micro fundamentals. #TaiwanSemiconductor #TSMC #EWT #TaiwanETF #Semiconductor #AI #SupplyChain #GeopoliticalRisk #Tariffs #USChinaTrade #EmergingMarkets #DollarIndex #MacroRisk #MicroFundamentals #FexingoBusiness #BusinessPodcast #Economics #GlobalEconomy Keep every episode free: buymeacoffee.com/fexingo
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    6 分
  • How the US Trade Deficit Is Reshaping Global Currency Markets

    How the US Trade Deficit Is Reshaping Global Currency Markets
    2026/06/05
    In episode 32 of The Global Economy Podcast, Lucas and Luna examine the surprising link between America's widening trade deficit and the dollar's stubborn strength. With the trade-weighted dollar index hovering near 119 and the trade deficit hitting minus $60 billion in March, they explore how a strong dollar actually worsens the trade imbalance—and why this feedback loop matters for emerging markets and multinationals. For reference, they look at the yen's slide past 159 per dollar and the yuan's drift to 6.77, showing how currency misalignment is reshaping global supply chains. Lucas argues the trade deficit is not just a number but a structural force driving currency flows, while Luna questions whether tariffs can reverse the trend. They also touch on the Federal Reserve's limited room to act with inflation still above target. This is a nuanced take for listeners who want to understand the mechanics behind the headlines. #US trade deficit #strong dollar #currency markets #Federal Reserve #emerging markets #yen #yuan #trade weighted dollar index #tariffs #global supply chains #inflation #economics podcast #FexingoBusiness #BusinessPodcast #GlobalEconomy #LucasAndLuna #trade policy #export competitiveness Keep every episode free: buymeacoffee.com/fexingo
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    7 分
  • How the ADR Market Is Exposing Hidden China Risk

    How the ADR Market Is Exposing Hidden China Risk
    2026/06/04
    Lucas and Luna dive into the quiet but dramatic shift happening with US-listed Chinese ADRs. With the SEC proposing fresh tariffs on 60 economies over forced labor trade practices and China's yuan weakening, the episode focuses on a specific data point: the 1.3% gain in the FXI China ETF this week masks a deeper divergence. Lucas breaks down how the ADR market is now pricing in political risk that doesn't show up in Hong Kong-listed shares. They discuss what this means for portfolio construction, referencing the trade-weighted dollar index at 118.9 and the yuan at 6.77 per dollar. No broad macro chat — just a concrete case of hidden risk in a popular corner of emerging markets. #ADRs #China #EmergingMarkets #FXI #Yuan #TradePolicy #SEC #Tariffs #PoliticalRisk #GlobalEconomy #USChinaTrade #PortfolioConstruction #RiskManagement #HongKong #ForcedLabor #SupplyChains #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How the Iran War Is Driving Eurozone Inflation

    How the Iran War Is Driving Eurozone Inflation
    2026/06/04
    In this episode of The Global Economy Podcast, Lucas and Luna look at how the Iran conflict is pushing up energy costs and driving inflation in the euro zone to 3.2 percent as of June 2026. They discuss the widening divergence between the European Central Bank and the Federal Reserve, with the dollar remaining strong at a trade-weighted index near 119, and how this is impacting European equity ETFs like VGK and EZU, both down over the past week. The hosts explore whether the ECB can hold to its easing path with inflation rising and what this means for currency markets, using the latest live data on the euro at 1.17 per dollar and the yen at 159 per dollar. They also tie in the recent ADP jobs report showing stronger-than-expected private payroll growth in the US and how the proposed US tariffs on 60 economies for forced labor trade practices could further complicate global trade flows. #EurozoneInflation #IranWar #EnergyCosts #ADPJobsReport #USTariffs #ECB #FederalReserve #DollarIndex #VGK #EZU #EuroDollar #YenCarryTrade #GlobalTrade #MonetaryPolicy #Inflation #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    7 分
  • How Taiwan ETFs Are Falling While Earnings Rise

    How Taiwan ETFs Are Falling While Earnings Rise
    2026/06/03
    Taiwan's export-dependent economy is facing a paradox: corporate earnings remain strong, but the iShares MSCI Taiwan ETF (EWT) has fallen 2.7% in the past week while other Asian ETFs like South Korea's EWY are surging. Lucas and Luna examine the divergence, exploring how the strong dollar, geopolitical tensions over Iran, and shifting supply chains are punishing Taiwan despite its solid fundamentals. They discuss the specific impact of the U.S. dollar index hovering near 119, the role of semiconductor demand from companies like TSMC, and what this means for investors in emerging markets. This episode offers a sharp, data-driven look at how macroeconomic forces—trade policy, currency movements, and geopolitical risk—can override strong corporate performance, with concrete examples from the latest ETF price action and economic indicators. #Taiwan #EWT #EmergingMarkets #ETFs #Semiconductors #TSMC #DollarIndex #GeopoliticalRisk #SupplyChains #AsiaMarkets #ExportEconomy #TradePolicy #IranWar #CurrencyRisk #Economics #FexingoBusiness #BusinessPodcast #GlobalEconomy Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How the Japanese Yen Is Reshaping Asian Supply Chains

    How the Japanese Yen Is Reshaping Asian Supply Chains
    2026/06/03
    Episode 28 of The Global Economy Podcast examines the Japanese yen's persistent weakness and its structural impact on Asian supply chains. Lucas and Luna discuss how a yen at multi-decade lows is driving Japanese manufacturers to shift production back home, reshaping trade flows across electronics and autos. They reference the latest trade-weighted dollar index at 118.9, the yuan at 6.77 per dollar, and Japan's current account surplus trends. The episode explores why this matters for global investors, with specific examples from semiconductor and automotive supply chains, and connects to the broader theme of currency realignment in Asia. #JapaneseYen #SupplyChains #AsiaTrade #CurrencyWar #Electronics #Autos #YenWeakness #GlobalTrade #Manufacturing #JapanEconomy #USDJPY #TradeFlows #Semiconductors #SupplyChainShift #Economics #GlobalEconomy #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    6 分
  • How the Yen is Quietly Reshaping Asian Trade in June 2026

    How the Yen is Quietly Reshaping Asian Trade in June 2026
    2026/06/02
    The Japanese yen has weakened to 159 per US dollar, but unlike past episodes, the move isn't triggering a broad Asian currency war. Lucas and Luna examine why South Korea's won and Taiwan's dollar are strengthening alongside the yen, and how supply chain shifts linked to the Iran conflict are redrawing trade patterns. They drill into the yen's divergence from the dollar index, the surprising resilience of the Korean won, and what it means for exporters and investors. A focused look at currency dynamics that most headlines are missing. #JapaneseYen #AsianCurrencies #ForeignExchange #GlobalTrade #SupplyChains #SouthKorea #Taiwan #IranWar #DollarIndex #ExportEconomies #CurrencyWar #MonetaryPolicy #CarryTrade #EmergingMarkets #Economics #FexingoBusiness #BusinessPodcast #GlobalEconomyPodcast Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • How South Korea Surging While China Slumps Reshapes Global Supply Chains

    How South Korea Surging While China Slumps Reshapes Global Supply Chains
    2026/06/02
    Lucas and Luna break down the widening gap between South Korea and China in June 2026. With the South Korea ETF (EWY) surging 8% in five days while the China ETF (FXI) falls 1%, they explore what's driving the divergence: South Korea's bet on high-end semiconductors and AI memory chips, versus China's struggling property sector and deflationary pressures. They discuss how global supply chains are pivoting from 'China plus one' to 'Korea plus Taiwan,' and what that means for investors. Plus, they examine the won's strength against a backdrop of a stubbornly strong dollar and the Iran war's impact on trade routes. This episode includes a specific look at Samsung and SK Hynix's dominance in High Bandwidth Memory, and how Korea's export-dependent economy is benefiting from the AI boom while China's export machine sputters. #SouthKorea #China #EWY #FXI #Semiconductors #AI #SupplyChain #KoreaSurge #EMDivergence #HBM #Samsung #SKHynix #Won #IranWar #GlobalTrade #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    8 分