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Shares in the Asia Pacific region eased on Friday, as growing investor concern over next week's US-China trade talks offset the optimism sparked by a state-of-the-art rally. , Wall Street.
The Hang Seng Hong Kong index opened up before falling 0.3%, driven by Chinese tech giant Tencent, which lost 1.3% as a result of disappointing results. China's CSI 300 lost 0.6%. Australian and Japanese equities held up better, with major exchanges in both countries posting modest gains after afternoon trading.
During the night, Wall Street was boosted by the technology sector, hopes for recovery of semiconductor demand in the second half that led to an increase in the number of chip manufacturers. The Philadelphia Semiconductor index rose 4% and Apple, by 3.7%.
Sovereign yields, which decrease with rising prices, declined slightly on Friday. The yield on 10-year US Treasury bonds fell further from the one-year overnight lows and the Japanese currency fell to its lowest level in two years.
The main measure of the US yield curve, which measured the gap between the three-month and ten-year Treasury bonds, was reduced to five basis points on Thursday.
The Brent remained close to the 2019 highs, supported by cuts in OPEC supplies and US sanctions against Iran and Venezuela.
The pound sterling stabilized in Asia after a drop of at least 1.5% overnight, while uncertainty related to Brexit persisted, and as a result Emmanuel Macron suggesting that Britain is about to come out chaotic if no Theresa May is rejected. European leaders subsequently decided to postpone Brexit next week at least on April 12 at a summit in Brussels.
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- France, Germany, euro area PMI
- Unemployment in Taiwan
- Interest rate of the central bank of Russia
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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