A global equity sell-off ran out of steam in Asia as investors continued to grapple with an escalating exchange of trade and investment restrictions, triggered by the Trump administration.
A slide in shares from Sydney to Hong Kong stalled, while Japanese shares reversed declines even as the yen advanced, with gains in banks offsetting losses in technology and telecom stocks. Chinese stocks were set to enter a bear market amid concerns about the country’s ability to fight a trade war. Traders are now girding for a U.S. Treasury release on planned restrictions in technology investment. The 10-year Treasury yield premium over two-year notes compressed to a new decade-plus low. US After Hours XERS +9% on phase 3 trial update and EXEL +6.2% on S&P MidCap 400 addition news
Nikkei +0.00% Hang Seng -0.24% CSI -1.03% Shanghai -0.735 Shenzen +0.24%
Eur$ 1.1710 CNH 6.5575 CNY 6.5508 JPY 109.59 GBP 1.3282 CHF 0.9869 RUB 62.7187 WTI$ 68.29 +0.31%
S&P +0.16% EuroStoxx +0.21% FTSE +0.27% Dax +0.31% SMI +0.14%
Macro :
- EU Leaders May Give Green Light for GAFA Tax Preparations: Doc.
- Navarro Seeks to Calm Investor Concern on Trump Trade Policy
Keep an eye on :
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- AF FP : Air France-KLM Spvy Board Is Said to Drop Capron CEO Plan: Echos
- SAN SM : *BANCO SANTANDER RAISES QTRLY DIVIDEND TO EU0.065/SHR VS EU0.06
- BCGE SW : SIX Exchange Regulation Sanctions Banque Cantonale de Geneve
- BMW GY : BMW Says Ongoing Uncertainty Around Brexit Is ‘Not Helpful’
- BNP FP : BNP Paribas to Focus on Southeast Asia for Wealth Expansion
- CLASB SS : Century-Old Clas Ohlson Revamps Itself to Meet Digital Challenge
- CLTN SW : Coltene to Buy Dental Companies SciCan And MicroMega
- DBK GY : Deutsche Bank Intensifies Fight Against Money Laundering: FAZ
- DTE GY :
- EDPR PL : Engie Not Preparing Launch of Takover Bid of EDP Renováveis
- ENGI FP : Engie Not Preparing Launch of Takover Bid of EDP Renováveis
- RF FP : Eurazeo to Invest EU40M in Vitaprotech, Hold About 60% Stake
- ERF FP : Eurofins Raises Rev Objectives for 2018 to EU3.8B
- G IM : Generali to Raise Stake in India Insurance JVs to 49% From 25.5%
- GTT FP : GTT Gets Order From Samsung Heavy for Ship-Owner Gaslog
- ING FP : Ingenico Next on Takeover Radar Amid Frenzy for Europe’s Fintech
- DEC FP : JCDecaux Sweetens Proposal 2.8% to Win Backing for APN Outdoor
- MAERSKB DC : Maersk Chairman Says It’s Clear Strategy Shift Will Work: Borsen
- MMT FP : M6 in Talks to Sell monAlbumPhoto to Netherlands’ Albelli
- NOVN SW : Novartis Is Said to Lean Toward Alcon Listing, T-A Reports
- RNO FP : Ghosn Says Many Possible Ways to Sustain Alliance in Long Term
- RIO LN : Freeport Seeks Six Month Extension to Grasberg Mining Permit
- TEF SM : Telefonica, Mediapro Win Spanish Soccer Broadcast Rights
- TIT IM : Tel. Italia Board Confirms Members Still Support Mgmt Team
- TFI FP : TF1’s Pelisson Says Not Interested in New Acquisitions: Echos
- FP FP : Total CEO Warns Trump’s Spat With China Could Make LNG a Victim
- VOW3 GY : Audi Cancels E-Tron Unveiling Event a Week After CEO’s Arrest
- WHA NA : Wereldhave’s Largest Shareholder Increases Stake to 15.04%