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In The Red

EQUITIES

Indices are in negative territory in the Asia-Pac region, taking a negative lead from the US and grinding lower through the session. Markets in mainland China are the worst performers, the CSI 300 losing around 2%. Early indications from Alaska is that the US-China talks are off to a rocky start. The Nikkei 225 underperforms after the BoJ commits to buying only TOPIX linked ETFs going forwards, Nikkei 225 -1.5%, while the Topix hovers around neutral.

  • Futures in Europe are lower, while US futures have gained marginally. The Nasdaq is the laggard, tech stocks continuing to struggle – the index has now wiped out all of its 2021 gains in the last two weeks.

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