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PBOC Liquidity Drain Sparks Risk Off

SNAPSHOT

Below gives key levels of markets in the second half of the Asia-Pac session:

  • Hang Seng down 276.93 points at 28623.9
  • CSI 300 down 77.9 points at 4902.74
  • KOSPI up 14.46 points at 3195.95
  • U.S. 10-Yr yield down 0bp at 1.6323%
  • China 10-Yr yield up 0.4bp at 3.165%
  • USD/CNH up 109 pips at 6.5425
  • USD/KRW up 2.2 at 1118.75
  • BBG/JPM ADXY Index down 0.13 at 107.77
  • PBOC REFRAINS FROM ADDIING MLF LIQUIDITY
  • BOK ON HOLD AT 0.50%; SEES ABOVE FORECAST GROWTH
  • INDONESIA MARCH EXPORTS RISE 30.47% Y/Y; EST. +12.23%
  • PHILIPPINES FEB. OVERSEAS REMITTANCES RISE 5.1% Y/Y; EST. +2.0%

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