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China Concerns Linger

EQUITIES

Most markets in the Asia-Pac region lower on Wednesday amid fragile risk sentiment following the recent China sell off. Markets in mainland China currently hovering around neutral levels trading without a decisive direction, swinging from gains to loses and back again amid fragile sentiment following the recent sell off and fears over further Chinese regulation. Speculation remains that foreign funds are selling off Chinese assets with unverified rumours that the US may restrict investments in China and Hong Kong. Chinese state media released a piece saying investors shouldn't be worried about the stock plunge. Markets in Japan are lower, pressured by elevated COVID-19 cases. Most other markets in the region trading in the red.

  • In the US futures are trading flat, fluctuating around the middle point of the day's range after the Nasdaq saw its biggest single day decline since May yesterday. After market earnings yesterday received a mixed response, Alphabet rose on the back of strong sales but Apple saw declines.
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