Sentiments in Asian markets stabilized today despite the selloff in US overnight. However, rebound in Asia is rather weak. Nikkei indeed closed down -0.14% while other major indices fluctuate between gains and losses.
In the currency markets, New Zealand leads the way higher, additionally boosted by solid CPI data. Australian and Canadian are the next strongest. Yen is back under pressure after BoJ revised fiscal 2019 inflation forecasts steeply. Swiss Franc follow as the second weakest.
In Asia:
- Nikkei closed down -0.14% at 20593.72.
- Hong Kong HSI is up 0.02%.
- China SSE is up 0.01%.
- Singapore Strait Times is down -0.48%.
- Japan 10-year JGB yield is up 0.0016 at 0.003, turned positive.
Overnight in the US:
- DOW dropped -1.22%.
- S&P 500 dropped -1.42%.
- NASDAQ dropped -1.91%.
- 10-year yield dropped -0.054 to 2.730.
