Free Trial

Asia-Pacific indices started the week on.....>

STOCKS: Asia-Pacific indices started the week on the front foot, following Wall
St.'s Friday lead and aided by a softening yield environment as markets await
Fed Chair Powell's testimony to congress on Tuesday.
- The Nikkei 225 last traded 1.2% higher, shaking of the effects of a stronger
JPY as pharma & telecom names led the rally, while the materials sector was the
underperformer, but was still higher on the day.
- The Hang Seng was 0.6% higher, with all the sectors in the green, although
consumer discretionary names led the charge.
- Chinese indices were supported by the latest batch of injections via the
PBoC's OMOs, as the CSI 300 traded 0.7% higher on the day, with the broader risk
friendly sentiment outweighing worry surrounding insurance names following the
Anbang scandal and additional corrective directives issued by regulators to
other names in the space over the weekend.
- Australia's ASX 200 traded 0.5% higher, although the performance was much more
mixed, as telecoms and real estate led the way higher, while utilities &
consumer staples weighed.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.