MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Asian Equities Mixed But Generally Followed US Lower

EQUITIES
EquitiesEM BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Equities were generally mixed during light APAC trading today with China’s CSI 300 and KOSPI higher but Hang Seng and Nikkei lower following the US lower from Friday, as Fed higher rates and uncertainty over tariffs weighed. The S&P and NASDAQ e-minis have continued that trend and are down slightly today.

  • A commitment by the government and Bank of Korea to financial stability appears to have helped support equities with the KOSPI up 0.4% and KOSDAQ +1.9%, despite a 1.5% drop on the NASDAQ on Friday.
  • The Hang Seng is down 0.6% but the CSI 300 is up 0.3%.
  • Japan’s Nikkei 225 is down 0.9% likely impacted by year-end portfolio rebalancing. USDJPY has range traded and is down slightly to around 157.80. There has been a lack of a clear signal from the BoJ on the rate outlook adding to uncertainty.
  • Australia’s ASX 200 is 0.4% lower but the NZX 50 is 0.5% higher. 10 of Australia’s 11 sectors are down, with utilities and property especially weak.
  • ASEAN is also mixed with Jakarta down 0.2% but the Straits Times up 0.4% and SE Thai +0.3%.
  • US December MNI Chicago & Dallas Fed PMIs and November pending home sales print as well preliminary December Spanish CPI.  

 

201 words

To read the full story

Close

Why MNI

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.

Equities were generally mixed during light APAC trading today with China’s CSI 300 and KOSPI higher but Hang Seng and Nikkei lower following the US lower from Friday, as Fed higher rates and uncertainty over tariffs weighed. The S&P and NASDAQ e-minis have continued that trend and are down slightly today.

  • A commitment by the government and Bank of Korea to financial stability appears to have helped support equities with the KOSPI up 0.4% and KOSDAQ +1.9%, despite a 1.5% drop on the NASDAQ on Friday.
  • The Hang Seng is down 0.6% but the CSI 300 is up 0.3%.
  • Japan’s Nikkei 225 is down 0.9% likely impacted by year-end portfolio rebalancing. USDJPY has range traded and is down slightly to around 157.80. There has been a lack of a clear signal from the BoJ on the rate outlook adding to uncertainty.
  • Australia’s ASX 200 is 0.4% lower but the NZX 50 is 0.5% higher. 10 of Australia’s 11 sectors are down, with utilities and property especially weak.
  • ASEAN is also mixed with Jakarta down 0.2% but the Straits Times up 0.4% and SE Thai +0.3%.
  • US December MNI Chicago & Dallas Fed PMIs and November pending home sales print as well preliminary December Spanish CPI.