MNI China Daily Summary: Monday, October 14

MNI BRIEF: China Sep M2 Rises To Four-Month High

MNI BRIEF: China Foreign Trade Grow Steady; Exports +4.3% YTD

MNI BRIEF: China Foreign Trade Facing Pressure In Q4

CHINA YTD NEW LOANS CNY16.0 TRLN VS MEDIAN CNY16.3 TRLN: PBOC

CHINA SEP EXPORTS +2.4% Y/Y VS MEDIAN +6.0% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.2% Y/Y IN YUAN TERM: CUSTOMS

MNI BRIEF: China Sep CPI Slows To 0.4% Y/Y On Base Effects

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.20B BSL

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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ASIA: Asian Equities Edge Higher, Focus On China

ASIA
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  • Equity markets are mostly higher today with Taiwan, South Korea & Australian benchmarks all trading higher, while NZ, China & Hong Kong equities struggle. Japan is out for a public holiday while China equities have seen increased volatility as China briefing kicks off.
  • South Korean equities have seen mixed flows from foreign investors, there has been better buying seen in tech & banking stocks while healthcare, Services & Transport names seeing outflows. The large-cap KOSPI is trading +0.65%, while the small-cap KOSDAQ is down 0.65%.
  • Australian equities are higher today with the ASX200 up 0.55%. Mining stocks led gains, with Fortescue up 2.3% and BHP adding 0.9%, while the big four banks also traded higher.  Web travel group has plummeted 33% following weak guidance.
  • New Zealand equities are lower today after Fisher & Pykel & Infratil both fell over 1%, offsetting gains in WBC & ANZ. The NZ50 is 0.60% lower.
  • The local APAC calendar is light on today, with focus largely just on China. The US will be out today for Columbus day which is having an impact on trading ranges, investors also remain cautious surrounding escalations in the middle east.
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  • Equity markets are mostly higher today with Taiwan, South Korea & Australian benchmarks all trading higher, while NZ, China & Hong Kong equities struggle. Japan is out for a public holiday while China equities have seen increased volatility as China briefing kicks off.
  • South Korean equities have seen mixed flows from foreign investors, there has been better buying seen in tech & banking stocks while healthcare, Services & Transport names seeing outflows. The large-cap KOSPI is trading +0.65%, while the small-cap KOSDAQ is down 0.65%.
  • Australian equities are higher today with the ASX200 up 0.55%. Mining stocks led gains, with Fortescue up 2.3% and BHP adding 0.9%, while the big four banks also traded higher.  Web travel group has plummeted 33% following weak guidance.
  • New Zealand equities are lower today after Fisher & Pykel & Infratil both fell over 1%, offsetting gains in WBC & ANZ. The NZ50 is 0.60% lower.
  • The local APAC calendar is light on today, with focus largely just on China. The US will be out today for Columbus day which is having an impact on trading ranges, investors also remain cautious surrounding escalations in the middle east.