Asian stocks were mixed Tuesday as traders evaluated economic growth risks from the omicron virus outbreak and the latest regulatory tightening in China.
Equities rose in Japan but wavered in Hong Kong and China amid sweeping rules from Beijing for overseas share sales. A Covid outbreak driven by the delta strain in the western city of Xi’an festered, with new cases hitting a record.
The Hang Seng Tech Index slid as much as 1.6% amid holiday-thinned trading, approaching a record-low close from last week. U.S. and European futures fluctuated following the S&P 500’s 69th close at an all-time high this year. Shorter maturity U.S. Treasury yields rose, while those for longer-dated bonds were steady. The dollar was little changed and oil pushed higher.
Global shares are on course for a third year of double-digit returns, powered by the U.S. surge. The climb has overcome coronavirus waves and a shift by some key central banks toward tighter monetary policy to fight high inflation. Concerns remain that those variables could spur heightened volatility.
In China, the latest escalation in Beijing’s wider regulatory clampdown on private industry casts more doubt over the prospects for overseas initial public offerings, which had proceeded virtually unchecked for two decades.
Elsewhere, the People’s Bank of China -- which on the weekend vowed more economic support -- boosted a short-term liquidity injection. China Evergrande Group has two more dollar-bond coupon payments due Tuesday, interest that investors aren’t expecting will be paid after the property giant failed to do so on other debt.
In cryptocurrencies, Bitcoin gave up a recent advance to slide below the $50,000 level.
US After Hours Summary: Quiet after hours, but CDC cutting isolation days is boosting airline stocks; VIPS -1.2% ticks down on lowered guidance
Nikkei +1.37% Hang Seng +0.23% CSI +0.76% Shanghai +0.39% Shenzen +0.81%
Eur$ 1.1326 CNH 6.3745 CNY 6.3695 JPY 114.87 GBP 1.3434 CHF 0.9174 RUB 73.4657 TRY 11.8407 WTI$ 75.76 +0.26% Gold 1,813.30 BTC 49,300 -3.10% ETC 3930 -3.10%
S&P -0.03% Nasdaq -0.02% EuroStoxx -0.16% Dax -0.13% SMI
Macro :
- Delta Says China Service Remains ‘Fluid’ As Plane Turns Back
- Oil Holds Near One-Month High on Signs Demand to Weather Omicron
Keep an eye on :
Keep an eye on :
- AIR FP : Air Lease Adds to Blockbuster Airbus Deal With Five More Planes
- AT1 GY : Aroundtown to Extend Share Buyback Program Until June 2022
- AT1 GY : Aroundtown to Extend Share Buyback Program Until June 2022
- BORR NO : Borr: Application Period for $30M Equity Offering Opens Today
- CLN SW : Clariant to Buy BASF’s U.S. Attapulgite Ops Unit for $60M Cash
- ECV GY : Encavis Buys Two Solar Parks in Denmark From European Energy
- EL FP : Italy Needs Industrial Champions: Del Vecchio to Corriere
- NOVOB DC : Novo CEO Says Growth More Important Than Profitability: Borsen
- ORSTED DC : Orsted Sees Potential for More Baltic Sea Wind Projects: Borsen
- RLF SW : Relief: Swiss Aviptadil Patent Procedure to Conclude Jan. 24
- TEF SM : Telefonica, Unions Agree on 3,000 Job Cuts, EU1.6B Cost: Cinco
- TIT IM : Italy Picks Telecom Italia, Leonardo, CDP Project for Cloud Hub