MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

EQUITIES: Morning Equity Moves

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Asian equities are higher this morning, led by gains in technology stocks in Japan and South Korea, boosted by Micron Technology’s strong revenue forecast. The Nasdaq 100 futures also rose, continuing Wednesday's momentum. Despite China’s stimulus efforts, skepticism remains over its impact, particularly due to concerns about the housing market. 

  • Japan's TOPIX is +1.20%, while the Nikkei 225 is +1.75%. Tech stocks are the top performers with Tokyo Electron +6.35%
  • Hong Kong equity futures are pointing to a 0.7% gain on the open
  • South Korea's KOSPI is 1.90% higher, with Samsung +3.38% & SK Hynix +8.20. Although early foreign investors are on track to end the run of outflows with a $220m inflow so far this morning.

Meanwhile, the USD strengthened on Wednesday but paring gains early Thursday, while the yen steadied after a sharp decline. In the US, housing data showed a decline in new home sales, and oil prices remained steady after falling below $70 per barrel.

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 higher this morning, led by gains in technology stocks in Japan and South Korea, boosted by Micron Technology’s strong revenue forecast. The Nasdaq 100 futures also rose, continuing Wednesday's momentum. Despite China’s stimulus efforts, skepticism remains over its impact, particularly due to concerns about the housing market. 

  • Japan's TOPIX is +1.20%, while the Nikkei 225 is +1.75%. Tech stocks are the top performers with Tokyo Electron +6.35%
  • Hong Kong equity futures are pointing to a 0.7% gain on the open
  • South Korea's KOSPI is 1.90% higher, with Samsung +3.38% & SK Hynix +8.20. Although early foreign investors are on track to end the run of outflows with a $220m inflow so far this morning.

Meanwhile, the USD strengthened on Wednesday but paring gains early Thursday, while the yen steadied after a sharp decline. In the US, housing data showed a decline in new home sales, and oil prices remained steady after falling below $70 per barrel.