ASIA-PAC EQUITY WRAP: Asian stocks traded mixed as the momentum from Wall St fizzled out

Analysis details (05:45)

Asia-Pac equities traded mixed with the region only partially sustaining the momentum from the US where the Nasdaq 100 entered a bull market after the recent bond selling slowed and as fears continued to subside. ASX 200 (+1.0%) was higher with strength in tech, mining and financials leading the broad optimism across sectors and amid an adjustment in rate expectations with NAB lowering its peak rate forecast to 3.85% from 4.10%. Nikkei 225 (-0.9%) was pressured heading closer to fiscal year-end amid mild upside in Japanese yields and with notable weakness across large transportation/logistics companies. Hang Seng (-0.8%) and Shanghai Comp. (-0.2%) were indecisive and ultimately faltered despite another substantial liquidity effort by the PBoC with participants digesting a slew of earnings releases and as US-China frictions lingered.

30 Mar 2023 - 05:43- EquitiesResearch Sheet- Source: Newsquawk