MNI: GERMANY AUG IMPORT PRICE INDEX +0.2% Y/Y, -0.4% M/M

MNI BRIEF: Japan's Ishiba Favors Loose Monetary Policy

MNI: PBOC Net Injects CNY52 Bln via OMO Monday

MNI BRIEF: China Sep PMI Rises But Remains Below 50

MNI: PBOC Sets Yuan Parity Lower At 7.0074 Mon; +4.07% Y/Y

CHINA PBOC CONDUCTS CNY212.1 BLN VIA 7-DAY REVERSE REPOS MON

MNI: SWISS KOF SEP ECONOMIC BAROMETER 105.5

MNI: UK Q2 GDP +0.5% Q/Q, +0.7% Y/Y

MNI: SWEDEN AUG RETAIL SALES +0.5% Y/Y

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Asian Equities Mixed, ASX200 Makes New Highs

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Asian equities are mixed this morning with Japanese stocks plunging nearly 5% after Shigeru Ishiba’s surprise win in the ruling party's leadership race, replacing investor-favored Sanae Takaichi. The Nikkei 225 (-4.20%) dropped as exporters like Toyota and Honda saw steep declines due to a stronger yen, while banks rose on hopes of regional economic revitalization under Ishiba’s policies (TOPIX Banks Index +2%). Investors are bracing for near-term volatility as they await more clarity on Ishiba's stance on fiscal and monetary policies, including possible interest rate hikes and corporate tax increases.
  • Elsewhere Australian stocks hit fresh record highs (ASX200 +0.83%), driven by gains in energy and commodity sectors following China's stimulus measures, though gold miners saw declines as gold prices stabilized, while equities in South Korea & Taiwan both trade about 0.80% lower, led by losses in tech stocks.
  • US equity futures were about 0.20% higher in early morning trading however we now trade little changed for the day. 
156 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Asian equities are mixed this morning with Japanese stocks plunging nearly 5% after Shigeru Ishiba’s surprise win in the ruling party's leadership race, replacing investor-favored Sanae Takaichi. The Nikkei 225 (-4.20%) dropped as exporters like Toyota and Honda saw steep declines due to a stronger yen, while banks rose on hopes of regional economic revitalization under Ishiba’s policies (TOPIX Banks Index +2%). Investors are bracing for near-term volatility as they await more clarity on Ishiba's stance on fiscal and monetary policies, including possible interest rate hikes and corporate tax increases.
  • Elsewhere Australian stocks hit fresh record highs (ASX200 +0.83%), driven by gains in energy and commodity sectors following China's stimulus measures, though gold miners saw declines as gold prices stabilized, while equities in South Korea & Taiwan both trade about 0.80% lower, led by losses in tech stocks.
  • US equity futures were about 0.20% higher in early morning trading however we now trade little changed for the day.