Stocks in Asia are mostly under pressure as a tech-led selloff in Chinese shares intensified. The dollar rose to the level where it began the week. The MSCI AC Asia Pacific Index fell as much as 1.3%. Benchmarks for Hong Kong and mainland stocks dropped, with a gauge of Chinese tech firms facing its worst day in about two weeks. The selling came after Tencent Holdings Ltd. pledged to dole out $20 billion of stock in meal delivery giant Meituan.
A warning by China’s central bank of rising inflation also hurt sentiment. Separately, Chinese regulators asked banks to report on liquidity after a bond rout. The offshore yuan fell to the lowest against the dollar since Nov. 10. US equity futures increased marginally, after a decline Wednesday in the S&P 500 and Nasdaq 100 amid indications from Federal Reserve officials that policy would tighten policy further. Shares in Australia and Japan climbed. A closely watched section of the US yield curve remained near levels not seen in four decades -- a sign of investor concern about the world’s biggest economy. Benchmark 10-year government bond yields in Australia and New Zealand fell. Treasury yields climbed slightly after moves on Wednesday that widened the difference between long-date and short-dated bonds to levels not seen since the early 1980s, underscoring concerns about the risk of recession. Goldman Sachs Group Inc. increased its forecast for peak US interest rates to 5.25% at the top of the range, up from the previous call 5%. The price of West Texas Intermediate crude fell to the lowest level in three weeks. European Central Bank policy makers may slow down their tempo of rate hikes, with only a 50 basis-point increase next month, according to people with knowledge of the matter. US After Hours Summary: BBWI +22.4%, CSCO +3.6%, SONO +2.5%, NVDA +0.9% higher on earnings; KLIC -12.7%, GLBE -12.1%, BOWL -6.2% lower on earnings
Nikkei -0,35% Hang Seng -2,30% CSI -1,27% Shanghai -0,84% Shenzen -0,89%
Eur$ 1,0385 CNH 7,1331 CNY 7,1313 JPY 139,37 GBP 1,1910 CHF 0,9450 RUB 60,5261 TRY 18,6141 WTI$ 84,44 -1,4% Gold 1,765,36 BTC 16,579 +2% ETH 1,212
S&P +0,42% Nasdaq +0,51% EuroStoxx +0,38% FTSE -0,11% Dax +0,57% SMI
Macro :
- Winklevoss Faithful Have a $700 Million Problem in Genesis Halt
- Muddy Waters’ Block Shorts DLocal, Shares Slide 29%: Sohn London
- Elliott UK Executive Mark Levine Set to Retire After 23 Years
- UK Will Spend Billions on Energy Efficiency to Cut Demand By 13%
Keep an eye on :
- AC FP :Accor Buys Rest of Hospitality Firm Paris Society, Echos Says
- ADP FP : CPP Investments Buys Additional Stake in Aéroports de Paris
- AIR FP : Airbus CEO Says Recession Would Impact Wide-Body Demand
- AIR FP : France, Germany Close to Deal on Joint Fighter Jet Project: FT
- AF FP : Air France-KLM Raises €305.3M In Convertible Offering (Nov. 16)
- AKER NO : Aker Issues Extra NOK200m 10-Year Senior Unsecured Green Bonds
- ALV GY : Allianz CEO Sees ‘Huge Opportunity’ in China Asset Management
- ATL IM : Benettons, Blackstone’s Bid for Atlantia ‘Fully Effective’
- AUTO NO : Autostore Names Mats Hovland Vikse as New CEO
- BALN SW : Baloise 9M Business Volume CHF7.01B
- BAS GY : BASF Board Has Examined Risk of China Invading Taiwan: CEO
- BORR NO : Borr Drilling 3Q Operating Revenue Beats Estimates
- EN FP : Bouygues 9M Current Operating Income Beats Estimates
- CTM SS : Catena Media 3Q Adjusted Ebitda EU11.7M Vs. EU16.4M Y/y
- COL SM : Colonial Sees 2022 Recurring EPS Beating Upper Guidance Range
- AM FP : France, Germany Close to Deal on Joint Fighter Jet Project: FT
- DFDS DC : DFDS 3Q Revenue Beats Estimates
- EL US : Zegna to Buy Tom Ford Fashion Operations in Estée Lauder Deal
- ENI IM : Prime Intl. Signs Pact to Buy ENI’s Pakistan Business
- FDJ FP : FDJ Agrees to Buy ZEturf Group at €175M Valuation
- FDJ FP : FDJ Confirms 2022, 2025 Financial Targets at Investor Day
- FFARM NA : ForFarmers Targets ROACE of at Least 10% in Revised Strategy
- GALP PL : Galp Says CFO Filipe Silva Will Become CEO From January 2023
- GIMB BB : Gimv 1H Net Loss EU75.1M Vs. Profit EU137.0M Y/y
- GVOLT PL : Greenvolt Sells EU150m Worth of Green Bonds Due in 2027
- HANZA SS : Hanza Offers Up to 3.5m Shares via Pareto Securities, Hanza Offering of Shares Prices at SEK42/Share
- IDEX NO : IDEX Biometrics Offering of 150m Shares Prices at NOK1/Share
- LMN SW : Lastminute.com Calls EGM for Dec. 21, Makes EU34m 3Q Provision
- MOR GY : MorphoSys 3Q Revenue Beats Estimates
- MPCC NO : *MPC CONTAINER SHIPS NAMES MORITZ FUHRMANN AS NEW CFO
- NN NA : NN Group Targets Operating Capital Generation of €1.8B in 2025
- OET NO : Okeanis Eco Tankers Holders Offer Up to 415,000 Shares
- SDIPB SS : Sdiptech Offers SEK500 million Shares, Sdiptech Offering of Shares Prices at SEK230/Share
- SIE GY : Siemens Expects Rising Returns on Bulging Order Books
- TMV GY : Petrus Calls on TeamViewer to End ManU, F1 Sponsorships Early
- TKA GY :
- TIT IM : Telecom Italia Director Frank Cadoret Resigns
- VLA FP : Valneva Appoints New Chief Commercial Officer
- VO
- ZGN US : Zegna to Buy Tom Ford Fashion Operations in Estée Lauder Deal