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Generally Lower In Asia

EQUITIES

Monday’s defensive tone spilled over into Asia-Pac hours, with the latest localised COVID-related lockdown in a Chinese city & the detection of a handful of cases outside of quarantine in Shanghai applying further pressure to wider sentiment.

  • Headline flow was limited, with cross-market related moves front and centre. The weaker start for the likes of the Nikkei 225 and the KOSPI dragged e-minis through Monday’s lows, with the weakness in e-minis then extending further as Chinese equities moved lower.
  • In terms of outright performance, the Nikkei 225 is 1.5% lower on the day at typing, with the CSI 300 printing 1.0% worse off. E-mini futures are 0.5 to 0.7% below settlement levels, with the NASDAQ 100 contract leading the weakness.
  • The ASX 200 bucked the broader trend, sitting 0.3% higher on the day ahead of the close, benefitting from buoyant consumer staples and healthcare sectors, which outweighed the downtick in the heavyweight materials sector.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
AT&T Market NewsEM BulletHomepageEmerging Market NewsEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
AT&T Market NewsEM BulletHomepageEmerging Market NewsEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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