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ASIA STOCKS: China Up on Further Stimulus Hopes ("Title Correction")

ASIA STOCKS
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Equity indices were weaker across the region today, with China bucking the trend.
  • As the Party Congress Meeting starts next week in China, there are renewed hopes for further stimulus measures to be announced.
  • The CSI300 was up +0.85%, Shanghai Comp +0.60%, Hang Seng +1.50% whilst the Shenzhen Comp was off -0.70%.
  • Data released in China today saw the Caixin PMI move into expansion territory; a sign that the stimulus is starting to impact the broader economy.
  • In Indonesia, the CPI release was the weakest since October 2021 and may point to a further cut from the Central Bank at their meeting later this month.
  • Equity markets brushed that aside as the Jakarta Composite was lower by -0.70%.
  • South Korea saw their PMI contract for the third consecutive month, potentially paving the way for further rate cuts.
  • Equity markets shrugged this to move moderately lower by -0.10%
  • Markets have had generally light volumes across the region as the markets pause ahead of significant US data releases tonight. 
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  • Equity indices were weaker across the region today, with China bucking the trend.
  • As the Party Congress Meeting starts next week in China, there are renewed hopes for further stimulus measures to be announced.
  • The CSI300 was up +0.85%, Shanghai Comp +0.60%, Hang Seng +1.50% whilst the Shenzhen Comp was off -0.70%.
  • Data released in China today saw the Caixin PMI move into expansion territory; a sign that the stimulus is starting to impact the broader economy.
  • In Indonesia, the CPI release was the weakest since October 2021 and may point to a further cut from the Central Bank at their meeting later this month.
  • Equity markets brushed that aside as the Jakarta Composite was lower by -0.70%.
  • South Korea saw their PMI contract for the third consecutive month, potentially paving the way for further rate cuts.
  • Equity markets shrugged this to move moderately lower by -0.10%
  • Markets have had generally light volumes across the region as the markets pause ahead of significant US data releases tonight.