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The Shanghai Composite of China rebounded after reaching its lowest level in four years and shares in Hong Kong climbed after early losses. Photo: Reuters
Sydney: Asian equities ended the week on a mixed note, with some markets recovering in the afternoon, while others remained in the red. China's shares rose as a result of verbal intervention by the country's major financial regulators, which ensured they would keep financial risks under control. The MSCI Asia Pacific Index is still on the brink of its worst three-week period since January 2016, as shares fell in Tokyo, Mumbai and Taiwan. US equity futures rose after the S & P 500 index fell more than 1% and the Nasdaq 100 fell 2%. China's Shanghai Composite bounced back after hitting its all-time low level in four years and shares in Hong Kong climbed after early losses. The yuan was stable and the dollar was showing gains overnight.
China's recent defeat has prompted the most explicit comments from policymakers so far, with the central bank and other regulators taking the necessary steps to ensure that liquidity risks are taken into account. Guo Shuqing, chairman of China's Banking and Insurance Regulatory Commission, said China would allow insurance companies to introduce products designed to ease the liquidity pressures caused by pledging. Shares of listed companies. Comments were made while the data showed that the Chinese economy grew by 6.5% in the third quarter compared to the previous year, a figure slightly lower than the 6.6% average forecast in a survey of Bloomberg.
Meanwhile, the loss of revenue from several US industrial companies and the deterioration of the housing sector by Bank of America have added to concerns that rising interest rates and the trade war are weighing on profits. The weak results of SAP and Taiwan Semiconductor in Germany led to a decline in US technology indices on Thursday. The Italian debt crisis has also hurt the taste for risk. The gap between Italian and German bond yields reached its highest level since 2013, as European Union officials questioned the country's budget plan.
Elsewhere, oil traded near the lowest level in almost a month after the expanding US stocks overshadowed tensions between the United States and Saudi Arabia following the death of a prominent critic of the kingdom. .
stocks
Japan's Topix Index fell 0.7% to 14:45. in Tokyo. The Shanghai Composite climbed 1.8% after slipping 1.5% uncovered. Kospi of South Korea rose 0.4%. The Australian S & P / ASX 200 Index lost 0.1%. Hong Kong's Hang Seng gained 0.6%. The futures on the S & P 500 index rose 0.4%, after the underlying gauge lost 1.4% on Thursday.
Coins
The Japanese yen fell 0.2% to 112.40 for a dollar after rising 0.4%. The offshore yuan rose 0.1% to 6.9336 to the dollar. The Bloomberg Dollar Spot index was little changed on Friday, trading almost at its peak since mid-2017 after gains earlier in the week. The euro traded at 1.1454 USD, up 0.1%.
Obligations
The 10-year Treasury yield held steady at 3.18% after approaching the seven-year highs earlier this week. Australian 10-year bond yields dropped about five basis points to 2.68%.
Basic products
West Texas Intermediate crude rose 0.4% to $ 68.91 per barrel. Gold rose 0.1% to $ 1,227.11 per ounce.
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