❗️🔻Asia ETF Posts Record Net Outflow In February: Cable FX Macro

• Asia ETFs posted the largest net outflow on record at around $10 billion, according to data compiled by Bloomberg. The dip was led by China and Hong Kong ETFs and precede additional tariffs from the U.S.

• We are yet to see if China economic measures will be enough to support the domestic economy. So far, Chinese officials have been vocal on U.S. trade policy and remain open to talks.

• Late Friday, Mexico offered to match U.S. tariffs on China in a last attempt to prove to the Trump administration it is willing to cooperate and avoid taxes on exports to the U.S.