ASIA-PAC EQUITY WRAP: Asian stocks were mixed amid cautious ahead of US CPI data
Analysis details (05:54)
Asia-Pac stocks were mixed with the region cautious heading into today’s key-risk US inflation data. ASX 200 (+0.3%) was positive with the index led by commodity-related sectors after the recent gains in underlying prices. Nikkei 225 (-0.7%) underperformed and fell beneath the 32,000 level amid headwinds from a firmer currency in which USD/JPY retreated below 140.00 and following disappointing Machinery Orders data. Hang Seng (+1.2%) and Shanghai Comp. (-0.1%) saw mixed fortunes with the Hong Kong benchmark boosted by tech strength, while the mainland was subdued amid cautiousness ahead of key events and despite the stronger-than-expected loans and aggregate financing data from China.
12 Jul 2023 - 05:53- ForexData- Source: Newsquawk
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts