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ASIA STOCKS: Asian Equities Mixed With Most Markets Out For Public Holidays

ASIA STOCKS
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Asian markets are experiencing mixed trading as investors react to disappointing Chinese data, Typhoon Bebinca while liquidity is poor with majority of Asia out on public Holidays. Looking ahead it is busy week for central bank decisions with the Fed the most closely watched followed by BoJ & BoE, while locally we also have Indonesia & Taiwan central bank decisions.

  • Hong Kong's HSI is trading 1% lower this morning, the Mainland Property Index is down 2.90% while The HS Tech Index is 1.60% lower, while Banks are 0.60% lower, the weakness is largely linked to the poor China data from Saturday with Industrial Production fell to 4.5% from 5.1% in July missing expectations of 4.7%, Retail Sales fell to 2.1% from 2.7% prior and missed expectations of 2.5%. Investment also slowed more than expected in August, while the jobless rate reached a six-month high.
  • Taiwan's large-cap tech stocks are little changed in early morning trading, supported by stronger US equities on Friday. Germany sent its first warship through the Taiwan Strait in 22 years.
  • Australian equities are slightly higher today with Financials contributing most to index gains WBC leads the way higher, up 1.50%. There is little on the calendar until Thursday when employment data is due out.
  • US equity futures are little changed this morning with S&P Eminis flat, while Nasdaq 100 is 0.10% lower.

 

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Asian markets are experiencing mixed trading as investors react to disappointing Chinese data, Typhoon Bebinca while liquidity is poor with majority of Asia out on public Holidays. Looking ahead it is busy week for central bank decisions with the Fed the most closely watched followed by BoJ & BoE, while locally we also have Indonesia & Taiwan central bank decisions.

  • Hong Kong's HSI is trading 1% lower this morning, the Mainland Property Index is down 2.90% while The HS Tech Index is 1.60% lower, while Banks are 0.60% lower, the weakness is largely linked to the poor China data from Saturday with Industrial Production fell to 4.5% from 5.1% in July missing expectations of 4.7%, Retail Sales fell to 2.1% from 2.7% prior and missed expectations of 2.5%. Investment also slowed more than expected in August, while the jobless rate reached a six-month high.
  • Taiwan's large-cap tech stocks are little changed in early morning trading, supported by stronger US equities on Friday. Germany sent its first warship through the Taiwan Strait in 22 years.
  • Australian equities are slightly higher today with Financials contributing most to index gains WBC leads the way higher, up 1.50%. There is little on the calendar until Thursday when employment data is due out.
  • US equity futures are little changed this morning with S&P Eminis flat, while Nasdaq 100 is 0.10% lower.