MNI China Daily Summary: Friday, February 3

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(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

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Regional equities are mostly higher, despite an indifferent lead from US markets on Tuesday and negative trends in futures during today's session. Markets re-opening from the LNY break, like South Korea and Singapore have rallied, playing catch up with the firmer trend through Friday/Monday in offshore markets.

  • US futures are down close to 0.4% for the S&P, near -0.7% for the Nasdaq, although we are away from worst levels. A weak revenue update from Microsoft, particularly in its could business, has weighed today.
  • Still, the Nikkei 225 is +0.40% at this stage, moving above levels that prevailed pre BoJ in mid December last year.
  • The Kospi is +1.33%, with offshore investors adding $490.1mn to local equities, in the first session of trading since last Friday. The Straits Times in Singapore is +1.80% at this stage.
  • The ASX 200 is down slightly at this stage, while Indian indices have fallen 0.60/0.70% in the first part of trade, as weakness in the Adani Group weighs.
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Regional equities are mostly higher, despite an indifferent lead from US markets on Tuesday and negative trends in futures during today's session. Markets re-opening from the LNY break, like South Korea and Singapore have rallied, playing catch up with the firmer trend through Friday/Monday in offshore markets.

  • US futures are down close to 0.4% for the S&P, near -0.7% for the Nasdaq, although we are away from worst levels. A weak revenue update from Microsoft, particularly in its could business, has weighed today.
  • Still, the Nikkei 225 is +0.40% at this stage, moving above levels that prevailed pre BoJ in mid December last year.
  • The Kospi is +1.33%, with offshore investors adding $490.1mn to local equities, in the first session of trading since last Friday. The Straits Times in Singapore is +1.80% at this stage.
  • The ASX 200 is down slightly at this stage, while Indian indices have fallen 0.60/0.70% in the first part of trade, as weakness in the Adani Group weighs.