China Delivers The Expected Rollback In COVID Restrictions

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

• Nikkei 225 down 189.26 points at 27696.61
• ASX 200 down 61.868 points at 7229.4
• Shanghai Comp. down 6.54 points at 3205.993
• JGB 10-Yr future up 32 ticks at 149.16, yield down 0.1bp at 0.255%
• Aussie 10-Yr future up 4.0 ticks at 96.645, yield down 4bp at 3.356%
• US 10-Yr future down 0-07 at 114-04+, yield up 1.64bp at 3.5478%
• WTI crude up $0.10 at $74.35, Gold up $2.07 at $1773.09
• USD/JPY up 38 pips at Y137.38
• ECB ‘VERY NEAR’ TO NEUTRAL, MORE HIKES DUE, HERODOTOU SAYS (BBG)
• U.S. LAWMAKERS EASE PROPOSED CURBS ON CHINESE CHIPS AMID CORPORATE PUSHBACK (RTRS)
• POLITBURO: CHINA TO OPTIMISE COVID CONTROLS (MNI)
• CHINA ALLOWS COVID CASES WITH NO OR MILD SYMPTOMS TO QUARANTINE AT HOME (RTRS)
• CHINA CONSIDERS GDP TARGET OF ABOUT 5% AS FOCUS SHIFTS TO GROWTH (BBG)
• NAKAMURA: BOJ NEEDS TO PATIENTLY KEEP EASY POLICY (MNI)
• OFFICIAL: TANKER DELAYS ACROSS TURKISH STRAITS NOT DUE TO RUSSIA OIL PRICE CAP (RTRS)