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EQUITIES: Asian Equities Mixed On Little Data, Focus On Central Bank Meetings

EQUITIES
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Asian markets are trading mixed today, influenced by weak economic data from China and expectations surrounding major central bank decisions this week. Chinese stocks are under pressure, however there has been a decent spike in volumes for some of the benchmarks, signaling the National team may be involved, however concerns over disinflation and soft retail sales, reinforcing the need for more stimulus have weighed on local stocks. Broader sentiment remains muted as markets await the Federal Reserve's decision, with a quarter-point rate cut widely anticipated, alongside policy announcements from Japan and Europe later this week.

  • Japanese shares are mixed today slightly weaker today, the weaker yen and gains in US technology stocks did see some earlier support for export-oriented sectors like automakers and electronics, with the Topix & Nikkei are both now trading 0.10%, with traders cautious ahead of the Bank of Japan's policy decision.
  • Australia’s ASX 200 rose 0.8%, supported by gains in financial and health-care stocks, while New Zealand’s NZX 50 is 0.90% higher after the release of the Economic and Budget forecast earlier, Industrials leading the market higher.
  • China & Hong Kong equities are mixed today, CSI 300 is 0.40% higher, however most other benchmark indices are trading lower, Shanghai A Shares is -0.65% lower, while B Shares are down 2.30%. In Hong Kong, all major benchmarks are in the red, with the HSI down 0.55%, Mainland Property Index trading 1.2% lower, while the HSTech Index is 0.65% lower.
  • Taiwan's TAIEX is trading just 0.15% higher, paring earlier gains after TSMC saw some selling, to now trade down 0.50%, Hon Hai is trading 1.40% higher, following a 2% rise in the SOX index overnight. South Korean equities continue to struggle, The KOSPI is 1.30% lower, as Samsung resumes its slide, last down 2.35%. Foreign investors have continued to sell South Korea equities today, with a net outflow of $350m.
  • It has been a slow session for data, New Zealand released Half-Year Economic & Fiscal Update which saw NZGBs yields rise, while Australia released Westpac Consumer Confidence, which showed a 2% drop m/m, after rising 5.3% in November.
  • US equity futures are trading little changed today, following NASDAQ rising 1.45% to record highs overnight.
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Asian markets are trading mixed today, influenced by weak economic data from China and expectations surrounding major central bank decisions this week. Chinese stocks are under pressure, however there has been a decent spike in volumes for some of the benchmarks, signaling the National team may be involved, however concerns over disinflation and soft retail sales, reinforcing the need for more stimulus have weighed on local stocks. Broader sentiment remains muted as markets await the Federal Reserve's decision, with a quarter-point rate cut widely anticipated, alongside policy announcements from Japan and Europe later this week.

  • Japanese shares are mixed today slightly weaker today, the weaker yen and gains in US technology stocks did see some earlier support for export-oriented sectors like automakers and electronics, with the Topix & Nikkei are both now trading 0.10%, with traders cautious ahead of the Bank of Japan's policy decision.
  • Australia’s ASX 200 rose 0.8%, supported by gains in financial and health-care stocks, while New Zealand’s NZX 50 is 0.90% higher after the release of the Economic and Budget forecast earlier, Industrials leading the market higher.
  • China & Hong Kong equities are mixed today, CSI 300 is 0.40% higher, however most other benchmark indices are trading lower, Shanghai A Shares is -0.65% lower, while B Shares are down 2.30%. In Hong Kong, all major benchmarks are in the red, with the HSI down 0.55%, Mainland Property Index trading 1.2% lower, while the HSTech Index is 0.65% lower.
  • Taiwan's TAIEX is trading just 0.15% higher, paring earlier gains after TSMC saw some selling, to now trade down 0.50%, Hon Hai is trading 1.40% higher, following a 2% rise in the SOX index overnight. South Korean equities continue to struggle, The KOSPI is 1.30% lower, as Samsung resumes its slide, last down 2.35%. Foreign investors have continued to sell South Korea equities today, with a net outflow of $350m.
  • It has been a slow session for data, New Zealand released Half-Year Economic & Fiscal Update which saw NZGBs yields rise, while Australia released Westpac Consumer Confidence, which showed a 2% drop m/m, after rising 5.3% in November.
  • US equity futures are trading little changed today, following NASDAQ rising 1.45% to record highs overnight.