Asian stocks traded lower Thursday following a tech-led slump on Wall Street overnight though the worst of the losses were pared on hopes for progress in the U.S.-China trade dispute. Treasury yields dropped and the dollar slipped from an 18-month high.
Key indexes slid from Tokyo and Seoul to Sydney, with Apple Inc. suppliers under pressure after the iPhone maker fell 5 percent on signs of a deteriorating sales outlook. Stocks came off their lows on a report that China’s Vice Premier Liu He will visit the U.S. to pave the way for a meeting between the leaders of the two biggest economies later this month, which also supported some currencies.
Hopes of a resumption in trade talks helped Chinese shares swing from declines of more than 1 percent to gains of a similar magnitude with small-caps boosted by government pledges to support the private sector. Hong Kong stocks erased a slide. S&P 500 Index futures pushed higher and U.K. futures tipped modest gains at the open. Earlier, the Nasdaq 100 Index dropped for a third day and the Russell 2000 small-cap benchmark erased its gains for the year. Oil fell for a record 12th straight day Tuesday.
US After Hours HUYA +6%, YY +4%, EB -7% following earnings/guidance
Nikkei -2.06% Hang Seng -0.17% CSI +0.98% Shanghai +0.87% Shenzen +1.64%
Eur$1.1247 CNH 6.9481 CNY 6.95555 JPY 1.2883 GBP 1.2881 CHF 1.0102 RUB 67.7890 TRY 5.4652 WTI$ 59.15 -1.30%
S&P EuroStoxx +0.28% Dax +0.22% FTSE -0.02% SMI +0.14%
Macro :
- Hedge Funds Turn Short on Nasdaq Futures While ETFs See Outflows
- European Oil and Gas Sector Cut to Neutral at Morgan Stanley
- Trump Blasts Saudi Arabia for Plan to Reduce Oil Production
- EPA’s Wheeler to Introduce ‘Cleaner Trucks’ Plan on Tuesday
Keep an eye on :
- ARL GY : Aareal Bank Third Quarter Net Interest Income EU131 Mln
- ALB SM : Alba Nine Month Net Income EU135 Mln Vs. EU462.3 Mln Y/
- ALM LN : Allied Minds Upgraded to Buy at Jefferies; PT 99 Pence
- ALFA SS : Alfa Laval CEO Sees Good Economic Cycle Throughout 2019: DI
- AMBEA SS : Ambea Third Quarter Operating Profit Beats Highest Estimate
- CS FP : AXA Equitable to Buy Back Additional $300m of Shares
- BPSO IM : Pop. Sondrio Third Quarter Common Equity Tier 1 Ratio 11.6%
- B5A GY : Bauer Cuts Full Year Revenue Forecast, 9-Mo Revenue Down 10% (1)
- BAYN GY : *BAYER 3Q ADJ. EBITDA EU2.2B, EST. EU2.04B
- GBF GY : Bilfinger Nearing Break-Even, Forecast Confirmed
- BIM FP : BioMerieux Announces FDA Clearance of Pneumonia Panels
- CRG IM : Carige Taps Italian Banks to Fill Capital Gap Through Bond Sale
- CEVA SW : Ceva Logistics Third Quarter Ebitda $29 Mln
- CWC GY : Cewe Stiftung Third Quarter Sales EU137.2 Mln
- DCN SW : Datacolor Chairman Sees Bigger Acquisition Within 2-4 Years: NZZ
- DBK GY : Deutsche Bank U.K. CEO Says Transfering Less Jobs Than Expected
- DIA SM : DIA Short Selling Falls to 11.45%, Lowest in More than Two Years
- DIA SM : DIA Hires PwC to Define Restructuring Plan: Confidencial
- EDF FP : EDF Cuts 3.2GW French Nuclear, Coal Capacity Due to Strike
- ELIOR FP : Elior Hires Banks to Prepare Sale of Concession Catering: Echos
- ELIOR FP : *ELIOR REVIEWING STRATEGIC OPTIONS FOR CONCESSION CATERING UNIT
- EVT GY : Evotec Nine Month Adjusted Ebitda EU68.7 Mln
- GMM GY : Grammer Sees Full Year Rev. About EU1.85 Bln
- HHFA GY : Hamburger Hafen Nine Month Revenue EU964.2 Mln
- HFG GY : HelloFresh Third Quarter Ebit Loss EU31.1 Mln
- IGY GY : Innogy Earnings Decline as Lack of Wind Hits Renewables Business
- IQE LN : IQE Expects ’Material Reduction’ in FY Financial Performance
- ITP FP : Inter Parfums Sees 2019 EPS About $1.81, Est. $1.89
- JEN GY : Jenoptik Boosts Full Year Revenue Forecast
- LHN SW : LafargeHolcim to Sell Holcim Indonesia for $1.75b to Semen
- LR FP : Legrand Drops; Kepler Cuts PT and Ests. After 3Q Profit Miss
- M5Z GY : Manz Nine Month Revenue EU258.2 Mln
- ML FP : Michelin Recalls Some Passenger Tires Sold in Canada
- NHH SM : NH Hotel Nine Month Net Income EU99.6 Mln Vs. EU24.5 Mln Y/Y
- NHH SM : Minor Says in Active Talks for Possibly Divesting a Stake in NH
- NDA SS : Nordea Revenue in Focus if Cevian Builds Stake, Jefferies Says
- NDA SS : Cevian May Consider Buying Stake in Nordea Bank, DI Reports
- NDX1 GY : Nordex Nine Month Ebitda EU71.4 Mln
- PSPN SW : PSP Swiss Nine Month Vacancy Rate 6.1%
- ROG SW : Roche’s Tecentriq With Abraxane Gets FDA Priority Review
- SHP LN : Takeda, Shire to Pay Almost $1b in Deal Fees, Expenses: FT
- SHP LN : Shire/Takeda expected to obtain close to 90% approval at extraordinary shareholders meeting - Nihon Keizai Shimbun
- SHP LN : Takeda Shareholders Against Shire Deal to Meet Ahead of EGM
- SAX GY : Stroeer Nine Month Revenue EU1.11 Bln
- SW FP : Sodexo Buys Majority Interest in Brazil-Based Pronep; No Terms
- TRE SM : Tecnicas Reunidas Says ADNOC Issued Award Letter for Contract
- TIT IM : Telecom Italia Board Is Said to Discuss Ouster of CEO Genish
- TIT IM : Vodafone, Telecom Italia Are Said to Discuss 5G Network Deal (2)
- TKA GY : Thyssenkrupp Wants Daimler CFO as Supervisory Board Chairman: HB
- TKA GY : Thyssenkrupp Street Estimates Too High, Cut to Hold: Lampe
- TTI GY :
- UN01 GY : Uniper Sees FY Adj. Ebit in Lower Half of Guidance Range
- UTDI GY : United Internet Nine Month Sales EU3.82 Bln
- VOW3 GY : Volkswagen Open to Joining German Car Battery Consortium: Rtrs
- VT9 GY : VTG Third Quarter Revenue Beats Highest Estimate
- ZO1 GY : Zooplus Declines as Chart Support Levels Break Ahead of Earnings