Free Trial

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

US Tech Weakness Weighs, HSI/H Shares Outperform


Asia Pac equities are mixed, with tech sensitive indices generally underperforming in what is still holiday impacted markets. US futures have tracked a narrow range for much of the session, sitting slightly in positive territory currently (+0.05/0.10%).

  • Tuesday's US session saw the Nasdaq underperform as Telsa slumped due to demand/production worries in China.
  • This has seen tech sensitive plays weaken in the region. The Kopsi is off by over 2.1%, with offshore investors selling $403mn of local shares. The Taiex is down by 1.23% and the NIkkei 225 by -0.60%.
  • The HSI tech sub index has bucked the trend though, up 2.7%, helping the aggregate HSI rise by over 2.1%. The China Enterprise index is also up a solid 2.60%. Mainland shares are more mixed, after +1.5% gains for the CSI 300 across the first two sessions of this week, as Covid restrictions were scrapped further. Today the CSI is down by 0.17%, but the Shanghai Composite is up slightly.
  • Other markets are mixed, with overall ranges fairly modest. The JCI in Indonesia is down a by 0.87% though.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.