Free Trial

Asian Equities Pressured On Friday

EQUITIES

Equities were pressured in Asia on Friday, as concerns over the Chinese economy and higher US interest rates weighed.

  • The Hang Seng is down ~1%, the Index unwound an early loss as risk assets were briefly bid after the PBOC's Yuan defence continued via a stronger-than-expected CNY Fix however risk sentiment soured through the session and losses extended.
  • In Japan, TOPIX is down ~0.8% and the Nikkei is ~0.6% lower.
  • Chinese equities are also pressured, however they are marginally outperforming Asian peers. CSI300 is down ~0.3% and Shenzen Composite is down ~0.6%.
  • Australia's ASX200 is a touch firmer.

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.