MNI China Daily Summary: Wednesday, January 8

MNI: GERMANY NOV RETAIL SALES -0.6% M/M (FCST: 0.5%)

MNI BRIEF: Q3 Output Gap Hits 18th Negative Result - BOJ

MNI: PBOC Net Injects CNY1.1 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1887 Weds; -2.33% Y/Y

MNI BRIEF: Fed's Bostic Says Bumpy Inflation Calls For Caution

MNI: US MBA: MARKET COMPOSITE -3.7% SA THRU JAN 03 WK

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

MNI: EUROZONE NOV PPI +1.6% M/M, -1.2% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: HK/China Shares Lower On US Blacklisting, Tech Firmer Elsewhere

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Asia Pac equities are once again mixed. Hong Kong and to a lesser extent China markets, have struggled amid fresh US additions to the Blacklist (for companies that have alleged links to the China military). These have included Tencent and CATL, a battery maker. The HSI is off around 2.0% at this stage, while the CSI and Shanghai Composite indices are down more modestly. Trends are more positive elsewhere in the region, aided by tech trends. 

  • Nvidia's CEO has been in Las Vegas and announced new computer graphics processors, but broader Nasdaq futures sit little changed, last around flat after a strong cash trading start to the week in Monday US trade.
  • Tech sensitive plays in terms of South Korea and Taiwan are firmer but away from best levels. The Taiex still up around 1.0%, the Kospi near 0.65%. Investors may have been hoping for more out of the Nvidia presentation.
  • Yesterday saw very strong inflows into local Taiwan stocks, in excess of $1.5bn amid broader tech optimism, as Microsoft unveiled plans for AI data centers and Foxconn posted stronger Q4 results.
  • Japan markets are performing better today, up +1% for the Topix, which the Nikkei is around 2% higher. Weaker yen levels, along with positive tech spill over are likely aiding sentiment.
  • Elsewhere, aggregate shifts are more modest, Australia's ASX 200 up around 0.30%, but Indonesia and Philippine markets track slightly lower. 
233 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.

Asia Pac equities are once again mixed. Hong Kong and to a lesser extent China markets, have struggled amid fresh US additions to the Blacklist (for companies that have alleged links to the China military). These have included Tencent and CATL, a battery maker. The HSI is off around 2.0% at this stage, while the CSI and Shanghai Composite indices are down more modestly. Trends are more positive elsewhere in the region, aided by tech trends. 

  • Nvidia's CEO has been in Las Vegas and announced new computer graphics processors, but broader Nasdaq futures sit little changed, last around flat after a strong cash trading start to the week in Monday US trade.
  • Tech sensitive plays in terms of South Korea and Taiwan are firmer but away from best levels. The Taiex still up around 1.0%, the Kospi near 0.65%. Investors may have been hoping for more out of the Nvidia presentation.
  • Yesterday saw very strong inflows into local Taiwan stocks, in excess of $1.5bn amid broader tech optimism, as Microsoft unveiled plans for AI data centers and Foxconn posted stronger Q4 results.
  • Japan markets are performing better today, up +1% for the Topix, which the Nikkei is around 2% higher. Weaker yen levels, along with positive tech spill over are likely aiding sentiment.
  • Elsewhere, aggregate shifts are more modest, Australia's ASX 200 up around 0.30%, but Indonesia and Philippine markets track slightly lower.