MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Equities Mixed Today, Japan Lower Amid Speculation BoJ To Move

ASIA STOCKS
Energy BulletsCommodities

Regional Asian equities are mixed, with Japanese equities underperforming amid speculation about the Bank of Japan (BoJ) ending its negative interest rate policy. The Bloomberg Asia-Pacific Developed Markets (APAC DM) Index is down close to 1%, while iron ore prices are weighing on the mining sector.

  • Japanese equities have fallen for the second day amid speculation that the BoJ will end its negative interest rate policy as early as next week. Banks are the worst performers, with the Topix Bank Index down 2.25% today and 6.26% over the past two days, while the Topix is down 0.95%, and the Nikkei 225 is trading slightly better, down just 0.35%.
  • South Korean equities are higher today, with the small-cap index Kosdaq up 1.00%, led higher by gains in EV battery suppliers, while the Kospi is up 0.40%.
  • Taiwan equities are higher today, with tech names outperforming. Taiwan equities saw their largest foreign investor inflow on Friday in about a month, with net flows of 1,470 billion entering the market. The Taiex is up 0.90%.
  • Australian equities are slightly higher today, with banks and miners as the worst performers, offsetting gains in healthcare and tech; the ASX200 is up 0.06%.
  • Elsewhere in Southeast Asia, New Zealand equities are down 0.56%, the worst performer, while Thailand, India, Singapore, and Malaysia are unchanged to 0.20% higher.
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Regional Asian equities are mixed, with Japanese equities underperforming amid speculation about the Bank of Japan (BoJ) ending its negative interest rate policy. The Bloomberg Asia-Pacific Developed Markets (APAC DM) Index is down close to 1%, while iron ore prices are weighing on the mining sector.

  • Japanese equities have fallen for the second day amid speculation that the BoJ will end its negative interest rate policy as early as next week. Banks are the worst performers, with the Topix Bank Index down 2.25% today and 6.26% over the past two days, while the Topix is down 0.95%, and the Nikkei 225 is trading slightly better, down just 0.35%.
  • South Korean equities are higher today, with the small-cap index Kosdaq up 1.00%, led higher by gains in EV battery suppliers, while the Kospi is up 0.40%.
  • Taiwan equities are higher today, with tech names outperforming. Taiwan equities saw their largest foreign investor inflow on Friday in about a month, with net flows of 1,470 billion entering the market. The Taiex is up 0.90%.
  • Australian equities are slightly higher today, with banks and miners as the worst performers, offsetting gains in healthcare and tech; the ASX200 is up 0.06%.
  • Elsewhere in Southeast Asia, New Zealand equities are down 0.56%, the worst performer, while Thailand, India, Singapore, and Malaysia are unchanged to 0.20% higher.