Hong Kong Equities Pull Higher On COVID Restriction Speculation

MNI (London) - Hong Kong equities were the notable Asia-Pac mover on Thursday as press reports alluded to the potential for the rollback of some COVID restrictions, with a press conference to be held this afternoon (local time) subsequently scheduled. That leaves the Hang Seng +3% as we work through the latter rounds of Asia-Pac dealing. Nomura turned more positive on HK equities before the aforementioned reports did the rounds.

• Elsewhere, the major regional equity indices were little changed to marginally softer, with the rally in HK equities helping take the edge off some early weakness.
• The same could be said for e-minis, with the 3 major contracts running little changed after spill over from the HK rally unwound the bulk of the early downtick that was linked to firmer USD and an uptick in U.S. Tsy yields.