MNI: PBOC Net Drains CNY716.5 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y

MNI: Fed In No Hurry, Cuts Likely Over Medium-Term - Jefferson

MNI CNB WATCH: Steer Means 25Bps Cut To 3.75% "Very Likely"

MNI BRIEF: US Treasury Lowers Q1 Borrowing Estimate By $9B

MNI BRIEF: Fed's Bostic In Wait And See Mode On Rates

EZ/UK T-Bill Calendar: 3/6/12-Month EU-Bills Auction Wednesday

EZ/UK Bond Supply Calendar: Green Gilt Auction on Wednesday

EZ/UK Bond Supply Calendar: Green Gilt Auction on Wednesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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

EQUITIES: Markets Steady After Morning Plunge, BoJ Unchanged

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Asian markets tumbled on Thursday, with the MSCI Asia Pacific Index dropping 1.7%, marking its largest decline in over a month. The sell-off followed a "hawkish cut" by the Federal Reserve, which reduced its 2025 rate-cut expectations, citing persistent inflation concerns. Wall Street suffered a sharp sell-off, with the S&P 500 dropping 3% and the Nasdaq falling further after the Mag 7 Index dropped 3.35% led by a 8.30% drop from Tesla.
  • US equity futures have found some support during the Asian session with Dow futures +0.25%, S&P 500 +0.15%, while Nasdaq futures are flat.
  • Tech-heavy markets in South Korea (KOSPI -1.50%) and Taiwan (TAIEX -1.80%), alongside Australian equities (-1.90%), led regional losses, while declines in mainland China were muted on expectations of continued loose domestic policy.
  • Chinese equities have performed the best across the Asian region today, however the CSI300 still trades 0.35% lower with losses in real estate, and consumer staples dragging the market into the red, Chinese tech stocks are trading higher. In Hong Kong, the HSI is 1% lower, with the Mainland Property Index 1.45% lower and the HSTech Index 1.35% lower.
  • The BoJ held rates steady, weakening the yen and saw the Nikkei briefly pare earlier losses, however they were short live and the index remains 0.90% for the day, the TOPIX performing better down just 0.35%.
  • Outside of the Fed & BoJ there has been little else driving the markets today. Equities markets remain well in the red, however they have held steady post the open.
249 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 markets tumbled on Thursday, with the MSCI Asia Pacific Index dropping 1.7%, marking its largest decline in over a month. The sell-off followed a "hawkish cut" by the Federal Reserve, which reduced its 2025 rate-cut expectations, citing persistent inflation concerns. Wall Street suffered a sharp sell-off, with the S&P 500 dropping 3% and the Nasdaq falling further after the Mag 7 Index dropped 3.35% led by a 8.30% drop from Tesla.
  • US equity futures have found some support during the Asian session with Dow futures +0.25%, S&P 500 +0.15%, while Nasdaq futures are flat.
  • Tech-heavy markets in South Korea (KOSPI -1.50%) and Taiwan (TAIEX -1.80%), alongside Australian equities (-1.90%), led regional losses, while declines in mainland China were muted on expectations of continued loose domestic policy.
  • Chinese equities have performed the best across the Asian region today, however the CSI300 still trades 0.35% lower with losses in real estate, and consumer staples dragging the market into the red, Chinese tech stocks are trading higher. In Hong Kong, the HSI is 1% lower, with the Mainland Property Index 1.45% lower and the HSTech Index 1.35% lower.
  • The BoJ held rates steady, weakening the yen and saw the Nikkei briefly pare earlier losses, however they were short live and the index remains 0.90% for the day, the TOPIX performing better down just 0.35%.
  • Outside of the Fed & BoJ there has been little else driving the markets today. Equities markets remain well in the red, however they have held steady post the open.