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Asian summary


Asian stocks dipped lower during the Asian session, with Hong Kong and Chinese stocks falling in tandem with US equities,

  • Investors and market participant are less optimistic regarding the US Fed and possible action going forward, US stimulus is also looking to be at a standstill, while EU lockdowns and the rise of Covid cases weighs on risk.
  • The Hang Seng saw momentum selling to push the index down 1.9% as we start the European session.
  • Kospi has fallen 2.40% and one of the worst performer in Asia.
  • Japan's benchmark Nikkei is now down 1.08% at the time of typing.
  • Looking ahead, we have another busy session with US Jobless the notable data release.
  • And once again, plenty of CB speakers, including Fed Powell/Kaplan/Bullard/Evans/Barkin/Evans, BoE Bailey and ECB Lane.
  • Biggest faller:
  • Kospi down 2.5% at 2,274.75
  • Hang Seng is down 2.04% at 23,253.0
  • Nikkei is down 1.08% at 23,095.0

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