Free Trial
USDCAD TECHS

Northbound

US TSYS

FI Support Evaporates Amid Late Month End Selling

AUDUSD TECHS

Remains Vulnerable

CANADA

Late Risk Off Sees USDCAD Eye Cycle Highs

US TSY OPTIONS

BLOCK, Late Puts

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Mixed In Asia; Japan Plays Catch-Up

EQUITIES

Major Asia-Pac equity indices are mixed at writing on a similar showing from Wall St. on Thursday.

  • Suppliers of Apple Inc across Asia were bid as BBG sources have pointed to the U.S. tech giant asking suppliers to produce at least as many next-gen iPhones in ‘22 (~90mn) as in ‘21, with some participants likely watching for similar bids in Europe and U.S. listed suppliers later on Friday.
  • Japanese stocks outperformed on their first day back from the holiday on Thursday, experiencing a lift as Japanese participants played catch-up to the recent rally in equities on Wednesday’s better-than-expected U.S. CPI print. Large-caps lead the way higher, with the Nikkei 225 dealing 2.4% firmer at typing, ahead of the broader TOPIX index (+1.8%).
  • The CSI300 is 0.2% worse off at typing after a brief show above neutral levels, turning the benchmark away from fresh one-week highs made earlier in the session. Relatively shallow gains across most sectors was countered by losses in consumer discretionary and tech stocks, with the ChiNext index trading 0.9% lower at typing.
  • The ASX200 sits 0.7% worse off, backing away from nine-week highs made on Thursday amidst weakness across virtually every sub-index, with healthcare and tech contributing the most to losses (S&P/ASX All Tech Index: -1.5%).
  • E-minis deal 0.1-0.3% firmer at typing, operating adrift of their respective multi-month highs made on Thursday.
221 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Major Asia-Pac equity indices are mixed at writing on a similar showing from Wall St. on Thursday.

  • Suppliers of Apple Inc across Asia were bid as BBG sources have pointed to the U.S. tech giant asking suppliers to produce at least as many next-gen iPhones in ‘22 (~90mn) as in ‘21, with some participants likely watching for similar bids in Europe and U.S. listed suppliers later on Friday.
  • Japanese stocks outperformed on their first day back from the holiday on Thursday, experiencing a lift as Japanese participants played catch-up to the recent rally in equities on Wednesday’s better-than-expected U.S. CPI print. Large-caps lead the way higher, with the Nikkei 225 dealing 2.4% firmer at typing, ahead of the broader TOPIX index (+1.8%).
  • The CSI300 is 0.2% worse off at typing after a brief show above neutral levels, turning the benchmark away from fresh one-week highs made earlier in the session. Relatively shallow gains across most sectors was countered by losses in consumer discretionary and tech stocks, with the ChiNext index trading 0.9% lower at typing.
  • The ASX200 sits 0.7% worse off, backing away from nine-week highs made on Thursday amidst weakness across virtually every sub-index, with healthcare and tech contributing the most to losses (S&P/ASX All Tech Index: -1.5%).
  • E-minis deal 0.1-0.3% firmer at typing, operating adrift of their respective multi-month highs made on Thursday.