Free Trial

Heading South




Breaches Key Short-Term Support


Late SOFR/Treasury Option Trade

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

Off Best Levels


Major Asia-Pac equity indices are broadly off best levels but remain bid as we head towards the end of Asia-Pac dealing, with tailwinds from Wall St's strongly positive lead aiding the overall move higher.

  • The Nikkei 225 is 0.6% better off, back from as much as 1.0% higher. Tech and export-focused large caps contributed to the bulk of gains in the Nikkei, with the broader TOPIX trading flat at writing by comparison.
  • The ASX200 deals 0.1% firmer at typing, paring initial gains of as much as 0.7% on weakness in the materials (-1.0%) and energy (-1.9%) sub-gauges, neutralising the bulk of gains in tech (S&P/ASX All Tech: +2.7%) and financials (+0.6%).
  • The Hang Seng Index sits 1.5% better off at typing, back from session highs as China-based tech equities (HSTECH: +2.2%) have pared their initial bid, while initially decent showings from the financials (+1.0%) and property (+0.8%) sub-indices have moderated as well.
  • The CSI300 is 0.3% better off at writing, backing away from session highs at around 1.0% higher as tech-related equities have given up their initial bid (ChiNext: +0.0%). Richly-valued consumer staples and healthcare equities nonetheless lead the way higher, with modest gains observed in utilities as well on the back of reports pointing to China’s State Grid planning to commence work on an increased amount of ultra high-voltage infrastructure in H2 ‘22.
  • The Taiex trades 0.8% lower at typing, operating a shade above session lows amidst news that the Chinese military has commenced a five-day series of drills near the island.
  • E-minis are flat to 0.2% weaker at writing, sitting a little below their respective U.S. earnings-induced highs made on Wednesday.

To read the full story

Why Subscribe to

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.