ASIA-PAC EQUITY UPDATE: APAC trades mostly firmer after a mixed Wall Street lead
Analysis details (02:56)
Asia-Pac equities trade mostly firmer following a mixed lead from Wall Street, which saw losses for the SPX and NDX whilst the DJIA closed flat and the R2K with gains – with markets now looking ahead to earnings from Amazon and Apple after the ECB policy announcement on Thursday. US equity futures saw two-way action after the bell after Meta initially rose some 8% following a revenue beat, but then fell as much as 20% as the group flagged near-term challenges to revenue. At the reopen, futures posted were flat/modest lower but have since moved into modest positive territory across the board. ASX 200 (+0.8%) is supported by gains across its commodities sectors, whilst financials lags after ANZ Bank shed over 3% post-earnings. Nikkei 225 (-0.2%) is in the red as exporters are pressured by the recent firming in the Japanese currency against the Dollar. KOSPI (+1.4%) is firmer with amid gains across its energy, industrial, and IT names, whilst Samsung Electronics saw choppy trade after earnings before stabilising in the green. Hang Seng (+3.0%) outperforms whilst the Hang Seng Tech index also surged following the recent selling. Shanghai Comp. (+0.5%) is firmer on the day and the PBoC injected another CNY +200bln via 7-day reverse repo for a third straight session.
27 Oct 2022 - 02:56- EquitiesResearch Sheet- Source: Newsquawk
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