Free Trial
US TSYS

A Late NY Bid

AUSSIE 10-YEAR TECHS

(Z2) Primary Trend Direction Remains Down

KRW

USD/KRW Rebounds +1.25% Overnight

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

Positive Sentiment Far From Uniform

EQUITIES

There have been some pockets of green in Asia Pac equities, aided by higher US futures (last around +0.70% for Eminis). Cross asset signals from a lower USD/UST yields have helped as well. However, gains have been far from uniform.

  • China stocks are smalls up (the Shanghai composite index around +0.25%). Earlier reports of support from local fund managers helped (see this link for more details). However, weaker industrial profits data for August (-2.1%), amidst high operating costs, was a reminder of China's soft economic backdrop and likely curbed gains.
  • The HSI is down around 1%, continuing to trend lower. Japan stocks outperformed up around +0.50%.
  • Taiwan shares (+0.40%) outperformed South Korea's Kospi (-0.60%), as the Taiwan regulator stated it would consider a ban on short-selling if needed.
  • Philippines stocks are sharply lower, as markets returned from yesterday's holiday. The main bourse is off close to 4%. The brings the index down 20% from February highs.
  • The ASX 200 is up by 0.30%, driven by higher mining/energy related stocks. Still this only unwinds part of yesterday's 1.60% fall.
178 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.

There have been some pockets of green in Asia Pac equities, aided by higher US futures (last around +0.70% for Eminis). Cross asset signals from a lower USD/UST yields have helped as well. However, gains have been far from uniform.

  • China stocks are smalls up (the Shanghai composite index around +0.25%). Earlier reports of support from local fund managers helped (see this link for more details). However, weaker industrial profits data for August (-2.1%), amidst high operating costs, was a reminder of China's soft economic backdrop and likely curbed gains.
  • The HSI is down around 1%, continuing to trend lower. Japan stocks outperformed up around +0.50%.
  • Taiwan shares (+0.40%) outperformed South Korea's Kospi (-0.60%), as the Taiwan regulator stated it would consider a ban on short-selling if needed.
  • Philippines stocks are sharply lower, as markets returned from yesterday's holiday. The main bourse is off close to 4%. The brings the index down 20% from February highs.
  • The ASX 200 is up by 0.30%, driven by higher mining/energy related stocks. Still this only unwinds part of yesterday's 1.60% fall.