Markets Update: APAC - Yen Rises on BOJ Ambiguity, Hang Seng Extends Gains, China PMI in Focus.
Global Markets Roundup: 28 Dec 2023
BOJ Muddies the Waters:?Governor Ueda hints at potential tweaks to yield curve control and negative rates,?pushing JPY higher. China Equities Rebound:?Hong Kong leads with property and tech gains,?supported by easing online gaming restrictions. Data Watch:?Japan reports mixed industrial production and retail sales,?China national PMI due tomorrow.
- JPY gains:?USD/JPY approaches recent highs near 141.20 as BOJ hints at potential policy shifts.
- Hang Seng outperforms:?Up 0.3% at 16,678,?extending gains for second day on property and tech strength.
- Shanghai Composite mixed:?Opens flat at 2,913.
- ASX 200 at record high:?Rises 0.1% to 7,565 despite ex-dividend pressure on REITs.
- US equity futures march on:?S&P500 and Nasdaq100 up slightly despite year-end slowdown.
- BOJ Governor Ueda's comments on potential changes to bond buying and negative rates spark speculation and push yen higher.
- Hong Kong benefits from China's softened tone on online gaming and approval of new games.
- Mainland property stocks see a second-day rally in Hong Kong.
- China warns against further rate cuts,?citing potential harm to households and capital outflows.
- Swiss franc declines towards 2014-15 lows despite SNB intervention.
- Hapag-Lloyd remains cautious on Red Sea security,?rerouting ships via Cape of Good Hope.
- Korea industrial production surges at fastest pace since May 2022.
- Japan data mixed:?industrial production misses but retail sales beat estimates.
- Kweichow Moutai raises liquor prices,?boosting China consumer staples index.
- Hapag-Lloyd's caution highlights ongoing concerns about Red Sea security.
- BOK report shows record corporate debt-to-GDP ratio in South Korea.
- Nikkei 225:?-0.4%
- ASX 200:?+0.7% (record high)
- Hang Seng:?+2.1%
- Shanghai Composite:?+1.2%
- Kospi:?+1.0%
- S&P500 Futures:?+0.1%
- Nasdaq100:?+0.2%
- Dax:?+0.4%
- FTSE100:?+0.4%
- EUR/USD:?1.1101-1.1123
- USD/JPY:?141.12-141.84
- AUD/USD:?0.6837-0.6872
- NZD/USD:?0.6335-0.6370
- Gold:?+0.2% at $2,096/oz
- Crude Oil:?-0.2% at $73.97/brl
- Copper:?+0.1% at $3.9607/lb
- China National PMI data on Friday could offer insights into the health of the manufacturing sector.
- New Zealand and South Korea have holidays on Friday.
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
