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ASIAN SUMMARY

EQUITIES

Asian Equities continued the session in the red, while US equities fared a little better.

  • Benchmark indices have declined for a 2nd day.
  • South Korea's unemployment rate printed below expectations. Caveats mattered - a surprise drop in unemployment was driven by people dropping out of the labour market.
  • China Aug. CPI came inline,+2.4% y/y vs est. +2.4%, but did little to move the needle. Pork price rose 53% but overall food price grew less.
  • Overnight news, saw AstraZeneca Plc paused its late-stage study after a person participating in the trial became ill.
  • Nikkei is at 22,757
  • Topix is at 1,587.5
  • Hang Sang is at 24,301
  • CSI 300 is 4,668.8
  • China A50 is 15,148.5

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