ASIA-PAC EQUITY WRAP: Asia stocks traded mixed amid the recent rise in global yields and after NFP data spurred bets for a more aggressive Fed lift off, although China outperformed on return from holiday

Analysis details (06:05)

Asia-Pac markets began the week mixed amid the higher global yield environment after last week's NFP data stoked bets for a more aggressive Fed rate hike in March, while geopolitical concerns also lingered following comments from US National Security Adviser Sullivan who suggested Russia could take military action on Ukraine within days and could even be as early as Monday but also noted that it could choose to pursue diplomacy. ASX 200 (-0.1%) was dragged lower by weakness in real estate, healthcare and financials although finished off its lows amid resilience in the commodity-related sectors and after stronger than expected quarterly Retail Trade data. Nikkei 225 (-0.8%) suffered after recent JPY inflows and with Japan planning an extension of COVID-19 measures for Tokyo and other areas. Hang Seng (-0.4%) and Shanghai Comp. (+1.9%) were varied in which Hong Kong stocks took a back seat to the outperformance in the mainland bourses which re-opened for the first time since the Lunar New Year. Participants also digested the latest Chinese Caixin Services and Composite PMI figures which both slowed from the prior but remained in expansionary territory, while Chinese media also resumed their efforts to soothe investor concerns. 

07 Feb 2022 - 06:05- Fixed IncomeData- Source: Newsquawk