Asian investors still favor U.S. assets, Eric Cantor says

Asian investors continue to show interest in U.S. assets despite renewed trade tensions and political rhetoric from Washington, according to Eric Cantor, vice chairman of Moelis & Company and former House Majority Leader. In an interview with CNBC’s Squawk Box Asia, Cantor said investors in Southeast Asia, North Asia, Japan and Korea still want to partner with the U.S. and benefit from what he described as its ruleoflaw protections. He added that many also want a stronger U.S. presence in the region as they weigh the challenges of doing business with China. Cantor also pointed to Singapore as an example of a market that is still focused on maintaining dialogue with the Trump administration. He said the citystate has long had close economic ties with the U.S., noting that American companies remain deeply invested there. On U.S.China relations, Cantor said trade remains central to the dispute, alongside issues such as export controls on advanced chips and concerns about supply chains and critical goods. He also said he expects Republicans to keep control of the House in the upcoming midterm elections, arguing that turnout will be the key factor.