China COVID Worry Dominates In Asia

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 515.13 points at 26297.17
• ASX 200 up 11.143 points at 6613.3
• Shanghai Comp. down 33.383 points at 3280.201
• JGB 10-Yr future up 27 ticks at 149.28, yield down 0.6bp at 0.239%
• Aussie 10-Yr future up 11.0 ticks at 96.555, yield down 11.2bp at 3.398%
• U.S. 10-Yr future +0-07+ at 118-19+, yield down 3.34bp at 2.959%
• WTI crude down $1.72 at $102.37, Gold down $4.67 at $1729.29
• USD/JPY down 16 pips at Y137.28
• WHITE HOUSE EXPECTS ‘ELEVATED’ BUT ‘OUT OF DATE’ INFLATION NUMBERS FOR JUNE (THE HILL)
• NEXT CONSERVATIVE LEADER AND PM TO BE UNVEILED BY 5 SEPTEMBER (BBC)
• UK INFLATION STILL LIKELY TO FALL SHARPLY NEXT YEAR, BOE'S BAILEY SAYS
• LABOUR ENJOYS WIDEST LEAD OVER TORIES SINCE ’13 IN LATEST OPINION POLL
• MONITORING FX CLOSELY WITH STRONG SENSE OF URGENCY, SUZUKI SAYS (BBG)
• CHINA LOCKS DOWN WUGANG CITY FOR THREE DAYS ON ONE COVID CASE (BBG)
• U.S. WILL DISCUSS ENERGY SECURITY WITH OPEC LEADERS ON MIDDLE EAST TRIP, WHITE HOUSE OFFICIAL SAYS (RTRS)
• IEA: THIS IS THE ‘FIRST GLOBAL ENERGY CRISIS’ AND IT WILL GET WORSE (AFR)