ASIA-PAC EQUITY WRAP: Asian stocks began the week cautiously ahead of a plethora of risk events

Analysis details (05:56)

Asia-Pac stocks traded mixed with some of the regional bourses cautious heading into this week’s plethora of risk events including Chinese PMI and US jobs data, as well as the rate decisions from the Fed, BoE and ECB. ASX 200 (-0.2%) was restricted by weakness in the consumer sectors and with mining-related industries also pressured following several weaker quarterly activity updates. Nikkei 225 (+0.1%) pared initial gains with the index capped beneath the 27,500 level as participants digested earnings releases. Hang Seng (-1.7%) and Shanghai Comp. (+0.4%) were mixed with early outperformance in the mainland on return from the Lunar New Year holidays, while the PBoC announced to extend three structural monetary policy tools and the State Council pledged to consolidate and expand the momentum of the economic rebound, accelerate consumption recovery and stabilize foreign trade and investment.

30 Jan 2023 - 05:55- Fixed IncomeData- Source: Newsquawk