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Asia Bourses Finish The Week On A Negative Note

EQUITIES

Risk off flows saw equity markets in Asia decline to end the week. The Hang Seng was under pressure, down circa. 1.5% after reports that Hong Kong was to lock down part of the Kowloon district due to a worsening coronavirus outlook. Several other countries in the eastern hemisphere have announced plans to tighten containment measures, even as many in the region prepare to celebrate Lunar New Year.

  • Coronavirus concerns are weighing on risk assets globally as Biden inauguration euphoria subsides. There are reports that France will require all visitors to have a negative Covid-19 test, while in the UK ministers are reportedly pushing for Britain's borders to be closed as several countries in Europe report the deadliest day of the pandemic so far. US and European futures have moved lower as risk assets take a beating. E-mini S&P last down around 13 points at 3833.
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