[MARKET ANALYSIS] Mixed price action in Asia following the lacklustre Wall St handover, and recent upside in oil and yields
Asian markets traded mixed as rising oil prices and yields constrained sentiment. Samsung's tech gains boosted the KOSPI, while Australian and Chinese markets faced local economic and liquidity headwinds.
News detail
APAC Stocks: Mixed Asia-Pac stocks trade mixed following a lacklustre lead from Wall St, where risk sentiment was constrained by higher oil prices and yields amid geopolitical uncertainty, while conditions in Asia are thinned due to the Japanese holiday closure. ASX 200: +0.3% Trades higher amid strength in energy and miners following recent upside in underlying commodity prices, but with the upside capped after a mixed NAB business survey and as participants await the RBA rate decision. KOSPI: +0.8% Climbed higher alongside an overnight rebound in tech with notable gains in Samsung Electronics. Hang Seng & Shanghai Comp: Hang Seng -0.5% / Shanghai Comp -0.1% Chinese markets are lacklustre after the PBoC opted for zero liquidity operations today, although the downside in the mainland is cushioned following prior reports that China issued the first new round of consumption vouchers aimed at boosting spending. US Equity Futures: Mostly positive Marginally rebounded from the prior day's troughs, but with price action contained amid quiet catalysts. European Equity Futures -0.1% Indicate a slightly softer cash market open with Euro Stoxx 50 futures down 0.1% after the cash market closed with gains of 0.2% on Monday.
Related stocks
1 stocksWhat do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
