Defensive Flows Largely Evident In Asia, Despite Huge Tech Earnings

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

• Nikkei 225 down 548.32 points at 21791.34
• ASX 200 down 119.28 points at 5931.8
• Shanghai Comp. down 1.704 points at 3285.118
• JGB 10-Yr future up 13 ticks at 152.44, yield down 1bp at 0.011%
• Aussie 10-Yr future up 2.5 ticks at 99.150, yield down 2.9bp at 0.826%
• U.S. 10-Yr future +0-04+ at 140-05, yield down 2.45bp at 0.522%
• WTI crude up $0.19 at $40.11, Gold up $10.62 at $1967.26
• USD/JPY down 46 pips at Y104.27
• STILL NO FISCAL DEAL ON THE HILL
• CHINESE-BACKED HACKERS TARGETED COVID-19 VACCINE FIRM MODERNA (RTRS)
• BLOWOUT EARNINGS FOR APPLE, AMAZON & FACEBOOK
• OFFICIAL CHINESE PMIS REVEAL STABLE OVERALL RATE OF EXPANSION
• AREAS OF THE NORTH OF ENGLAND TO HAVE COVID RESTRICTIONS TIGHTENED
• DURATION BID IN ASIA, USD OFFERED INTO MONTH-END