MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

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MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Regional Asian Equities Head Lower As Geopol Tensions Persist

ASIA STOCKS
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Regional Asian equities are lower as the uncertainty around what Israel will do, along with potentially higher inflation and interest rates as well as a stronger dollar, will weigh on the market. The economic data calendar is light on today, Japan Machine Orders surged in Feb, New Zealand PSI dropped below 50, to 47.5 in Mar, while net migration jumped to 7,630 in Feb from a revised 3,650 in Jan.
  • Japan equities equities are lower today tension in the middle east is seen as the major catalyst for the move. The yen has just broken the Friday lows and is now trading above 153.50, traders will be alert for yen intervention. Earlier Core Machine Orders were well above estimates coming in at 7.7% vs 0.8% expectation signifying a robust recovery and potential expansion in Japan's manufacturing and production sectors, positioning the country for further economic growth and development. The Topix is down 0.84%, while the Nikkei 225 is down 1.29%
  • South Korean equities drops as much as 1.5% to the lowest since March 7, erasing its year-to-date gain amid increased geopolitical risks after Iran launched an attack on Israel. The KRW has gapped lower this morning, after weakening on Friday with the currency now down 2.33% over the past 5 days. The Kospi I now off earlier lows down 1% for the day
  • Taiwan equities are lower today, there has been little in the way of local market headlines or economic data for the region with the next major data released not until Apr 22 when Unemployment and Export orders are due out. The Taiex has opened 0.65% lower.
  • Australian equities are lower today following global markets lower as risk assets track lower. Mining stocks have bucked the trend as commodity prices rise. The ASX200 is down 0.50%
  • Elsewhere in SEA, New Zealand Equities are down 0.85%, Singapore equities are down 0.91%, Malaysian equities are 0.30%, while Philippines equities continue their drop down another 1% and now off 5.60% from recent highs made Apr 2nd.
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Regional Asian equities are lower as the uncertainty around what Israel will do, along with potentially higher inflation and interest rates as well as a stronger dollar, will weigh on the market. The economic data calendar is light on today, Japan Machine Orders surged in Feb, New Zealand PSI dropped below 50, to 47.5 in Mar, while net migration jumped to 7,630 in Feb from a revised 3,650 in Jan.
  • Japan equities equities are lower today tension in the middle east is seen as the major catalyst for the move. The yen has just broken the Friday lows and is now trading above 153.50, traders will be alert for yen intervention. Earlier Core Machine Orders were well above estimates coming in at 7.7% vs 0.8% expectation signifying a robust recovery and potential expansion in Japan's manufacturing and production sectors, positioning the country for further economic growth and development. The Topix is down 0.84%, while the Nikkei 225 is down 1.29%
  • South Korean equities drops as much as 1.5% to the lowest since March 7, erasing its year-to-date gain amid increased geopolitical risks after Iran launched an attack on Israel. The KRW has gapped lower this morning, after weakening on Friday with the currency now down 2.33% over the past 5 days. The Kospi I now off earlier lows down 1% for the day
  • Taiwan equities are lower today, there has been little in the way of local market headlines or economic data for the region with the next major data released not until Apr 22 when Unemployment and Export orders are due out. The Taiex has opened 0.65% lower.
  • Australian equities are lower today following global markets lower as risk assets track lower. Mining stocks have bucked the trend as commodity prices rise. The ASX200 is down 0.50%
  • Elsewhere in SEA, New Zealand Equities are down 0.85%, Singapore equities are down 0.91%, Malaysian equities are 0.30%, while Philippines equities continue their drop down another 1% and now off 5.60% from recent highs made Apr 2nd.