-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessEquities Lower As Investor Dump Tech, Weigh Up Biden Dropping Out
Regional Asian equities are lower today, driven by various factors including political uncertainties, foreign investors flows and the PBoC lowering LPRs. Asian tech stocks continue to see heavy selling, especially in Taiwan this is largely tied to comments made last week by Trump and the Biden administration, while investors weigh up the implications of Joe Biden ending his re-election campaign and endorsing Kamala Harris. The VIX spiked on Friday hitting 17, levels not seen since late April.
- Japanese equities are lower today, growth stocks are the worst hit, while investors have continued selling tech stocks after the Biden administration announced potential trade restrictions on companies selling to China, investors are also looking to cut positions as we head into earnings season which kicks off on Tuesday with motor maker Nidec releasing earnings. Both the Topix and Nikkei are trading about 1% lower, while the TSE Growth 250 is down 2.50%, banking stocks are the best performing with the Topix Bank Index down just 0.70%.
- South Korean equities are continuing to be hit hard by the weakness int he semiconductor sector, with the likes of SK Hynix down 1.90%. Foreign investors continue to sell local stocks with $327m outflow on Friday, foreign investors have continued that theme today with tech stocks again being sold, although there is a bit of a rotation into financials. The Kospi is currently trading 1.20% lower, while the small-cap focus Kosdaq is down 2.45% and now trading towards the ytd lows made in Feb.
- Taiwan equities are the worst performing market today as heavy selling continues in semiconductor names with TSMC off 3%. Foreign investors sold about $5.5b in Taiwanese stocks last week and have now erased all inflows for the year. The selling pressure is largely on the back of Trump's comments on Taiwan protecting themselves from China, and dominance in the semiconductor space, plus the Biden Administrations comments on trade restrictions. The Taiex is trading down 2.50%.
- Australian equities are largely tracking global prices lower, metals and miners are the worst performing sector as global commodity prices trade lower this morning, the ASX200 is 0.70% lower. New Zealand equities are slightly higher this morning after healthcare stocks surged on the back of Arvida making a bid for Stonepeak at over a 50% premium to last traded price, pulling the sector up with it, the NZX 50 is 0.20% higher.
- In EM Asia markets are mixed, Indonesia's JCI is 0.15% higher, Philippine's PSEi is up 0.40% & India's Nifty 50 is 0.10% higher, while Singapore's Strait Times is 0.10% lower and Malaysia's Malay KLCI is 1.10% lower.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.