Equities in Asia declined after a sell-off in technology shares spooked investors assessing threats to earnings growth for the industry that propelled last year’s rally. The yen slipped and 10-year U.S. yields consolidated below 2.8 percent.
Stocks retreated across the region, with Samsung Electronics Co. and Tencent Holdings Ltd. the biggest decliners on the MSCI Asia Pacific Index. Earlier, American tech shares suffered their worst drop since the broad market correction in early February as investors were rattled by news from Nvidia Corp. and mounting concerns surrounding Facebook Inc. The British pound rose following a report on plans to avoid a post-Brexit hard border with Ireland. The yen declined amid signs of an improving geopolitical situation with North Korea.
Nikkei -2.15% Hang Seng -1.81% CSI -1.78% Shanghai -1.33% Shenzen -0.83%
Eur$ 1.2407 CNH 6.27 CNY 6.2810 JPY .2 GBP 1.4188 CHF 0.9483 RUB 57.4637 WTI$
S&P -0.06% EuroStoxx -0.96% FTSE -0.70% Dax -0.95% SMI -0.53%
Macro :
- Treasuries Jump May Be the Start of Something Bigger: Macro View
- U.S. Said to Weigh Emergency Law for China Investment Crackdown
Keep an eye on :
- ADP FP : France to Present Law May 2 to Cut ADP, Engie Stakes: Le Figaro
- AGS BB : Ageas Says Amsterdam Court to Rule July 13 on Fortis Settlement
- AIR FP : Obermann Seen as Frontrunner for Airbus Supervisory Chief: HB
- AKZA NA : *AKZO NOBEL MAY DECIDE TO GO AFTER AXALTA AGAIN, CITI SAYS
- MT NA : Arcelor Is Said to Plan Asset Sales to Clear Ilva Deal: Platts
- AT1 GY : Aroundtown Full Year Adjusted Ebitda Beats Highest Estimate
- CRG IM : Banca Carige Approves Sale of EU1b of NPLs
- BTG GY : Bertelsmann to Delay 2020 Rev. Goal, CFO Tells Boersen-Zeitung
- BMW GY : Bridgewater Takes 0.51% Short in BMW, German Gazette Shows
- BRBY LN : Burberry Upgraded to Buy at Goldman
- CPI LN : Capita May Unveil 5-Year Plan, Rights Issue Info April 26: Rtrs
- CO FP : Casino Says Process to Sell Via Varejo in Brazil Is Ongoing
- CGG FP : CGG’s ‘Rebirth’ Leads to Double-Upgrade at Goldman Sachs
- BN FP : Danone Sells $1.6 Billion Worth of Yakult Shares to Cut Stake
- DIREN FP : Direct Energie CEO Says Co. Complies With Privacy Regulations
- ENGI FP : France to Present Law May 2 to Cut ADP, Engie Stakes: Le Figaro
- EVT GY : Evotec Full Year Revenue Beats Highest Estimate
- EVT GY : Evotec Plans Conversion Into European Company
- FCT IM : Fincantieri Full Year Revenue EU5.02 Bln
- GTO NA : Thales Starts Offer for All Gemalto Shares
- HHFA GY : Hamburger Hafen FY Dividend Per Share 1.5% Above Est.
- HSBA LN : HSBC Said to Freeze Account Tied to $500 Million Angolan Fraud
- NESN SW : Nestle CEO Prioritizing Company Revamp From the Inside: NZZ
- ORP FP : Orpea FY Ebitda Climbs 15%; Co. Sees 2018 Margin at Least Stable
- SAF FP : Safran Starts Buyback Program, Targets Up to EU230M by May 18
- G24 GY : Scout24 Full Year Dividend Per Share Beats Estimates
- AM3D GY : SLM Solutions Full Year Loss EU3.74 Mln
- S92 GY : SMA Solar Full Year Dividend Per Share Beats Estimates
- SKG ID : International Paper’s Pursuit of Smurfit Kappa May Turn Hostile
- SUBC NO : Subsea 7 Cut as Jefferies Worries About Margin Pressure
- TELIA SS : Telia, Other Turkcell Shareholders Agree on Dividend Proposal
- HO FP : Thales Starts Offer for All Gemalto Shares
- TIT IM : Telecom Italia April 24 AGM Agenda Updated on Elliott Request
- TI IM : Tel. Italia: Regulator Informed of Network Separation Project
- TSLA US : Tesla Says Cause of Crash Not Yet Known Without Vehicle’s Logs
- UHR SW : Swatch Upgraded to Hold at Berenberg
- VAHN SW : Vaudoise Full Year Combined Ratio Reported 93.9%
- VWS DC : MHI Vestas Offshore Signs Agreements With Taiwan Suppliers