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Daily Wrap – Friday, February 17, 2023
In Asian Equity Markets stocks fell on Friday and were set for weekly losses as hotter-than-expected U.S. inflation data and more hawkish signals from the Federal Reserve drove up concerns that interest rates will keep rising. Technology-heavy bourses were among the...
Daily Wrap – Thursday, February 16, 2023
In Asian Equity Markets stocks recovered sharply from recent losses on Thursday as affirmations of more Chinese stimulus boosted regional sentiment, with Hong Kong’s Hang Seng index leading gains after Micheal Burry’s Scion Asset Management was seen buying heavily...
Daily Wrap – Wednesday, February 15, 2023
In Asian Equity Markets stocks fell on Wednesday after stronger-than-expected U.S. inflation readings ramped up fears of more hawkish moves from the Fed, with regional technology stocks bearing the brunt of losses. TSMC fell over 3 percent and was the biggest weight...
Daily Wrap – Tuesday, February 14, 2023
In Asian Equity Markets stocks rose on Tuesday tracking some overnight strength in Wall Street, although caution in anticipation of more cues on the U.S. economy from key inflation data kept most bourses trading within a small range. South Korea’s KOSPI and the Taiwan...
Daily Wrap – Monday, February 13, 2023
In Asian Equity Markets stocks fell on Monday as traders hunkered down ahead of more cues on monetary policy from key U.S. inflation data due this week, while Chinese stocks rose as investors continued to bet on a reopening-led recovery this year. Japan’s Nikkei 225...
Daily Wrap – Friday, February 10, 2023
In Asian Equity Markets stocks fell on Friday and were set to end the week lower as rising U.S. Treasury yields ramped up fears of a looming recession, while weaker-than-expected Chinese inflation data also weighed on regional sentiment. China’s Shanghai Shenzhen CSI...
Daily Wrap – Thursday, February 9, 2023
In Asian Equity Markets stocks fell on Thursday following a string of hawkish comments from Federal Reserve officials, while Chinese stocks outperformed their peers amid persistent bets that the world’s second-largest economy will recover this year. China’s Shanghai...
Daily Wrap – Wednesday, February 8, 2023
In Asian Equity Markets stocks rose on Wednesday after Federal Reserve Chair Jerome Powell struck a less hawkish tone than feared during a recent speech, while Japan’s Nikkei lagged on a slew of weak earnings. Technology-heavy bourses tracked overnight gains on Wall...
Daily Wrap – Tuesday, February 7, 2023
In Asian Equity Markets stocks rose on Tuesday as major regional bourses recouped some recent losses, although gains were limited in anticipation of more economic cues from an address by Fed Chair Jerome Powell. Chinese markets were slightly higher, with the Shanghai...
Daily Wrap – Monday, February 6, 2023
In Asian Equity Markets stocks fell on Monday amid fears of worsening Sino-U.S. relations after the shooting down of a suspected Chinese spy balloon, while markets also reassessed their outlook on U.S. monetary policy following strong payrolls data. Chinese markets...