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Asian session

EQUITIES

Asian Equities saw some pullbacks lower overnight, with CSI 300 falling as much as 2.5%.

  • The move was led by biotech firm, with some investors losing faith towards Tech firms, after the US last week put some pressure towards tech firms.
  • China benchmark also fell, with miner's share leading on the back of Gold falling back below $1900.00.
  • Biden announced that senator Kamala Harris will be his running mate.
  • New Zealand's central bankboosted its LSAP scheme to NZ$100bn, more than expected by the markets, while extending the duration of the program to Jun 2022.
  • Below gives key levels of markets in the second half of the Asia-Pac session:
  • Nikkei 225 up 101.29 points at 22851.32
  • ASX 200 down 26.15 points at 6112.4
  • Shanghai Comp. down 66.538 points at 3273.752
  • JGB 10-Yr future down 17 ticks at 151.83, yield up 0.3bp at 0.036%- Aussie 10-Yr future down 5 ticks at 99.06, yield up 4.6bp at 0.914%

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