Asian stocks were mixed on Thursday, with Hong Kong shares tumbling amid deteriorating U.S.-China ties, while some other markets showed resilience.
The Hang Seng Index flirted with the lowest level since global strains peaked in March, and the offshore yuan dipped after the U.S. said it could no longer certify Hong Kong’s political autonomy, a move that could have far-reaching consequences. South Korea’s won slid after the central bank cut interest rates and said it would be active in bond purchases if needed. Tokyo shares extended recent gains, and U.S. futures slipped.
US After Hours BA +4.3% as it resumes 737 MAX production; SMTC +15.5%, TOL +7%, WDAY +6.1% up on earnings; PLT -6.7%, NTNX -6.5%, COHR -6.3%, HPQ -5.7%, BOX -4.4% seeing weakness on earnings
Nikkei +1.80% Hang Seng -1.26% CSI -0.22% Shanghai -0.16% Shenzen -1.05%
Eur$ 1.1013 CNH 7.1823 CNY 7.1650 JPY 107.84 GBP 1.2258 CHF 0.9684 WTI$ 31.88 -2.83%
S&P +0.35% NAsdaq -0.02% EuroStoxx +1.15% FTSE +.12% Dax +1.27% SMI +0.64%
Macro :
- U.S. Weighs Suspending Preferential Hong Kong Tariff Rate: Rtrs
- U.S. Says Hong Kong’s Autonomy Is Gone, Sowing China Trade Doubt
- Goldman Sachs Warns Global Economic Recovery Could Be Bumpy (1)
Keep an eye on :
- 247 SS : 24sevenoffice Scandinavia Offering Prices 5m Shrs at SEK22/Shr
- AMGO LN : Amigo Loans Founder Threatens to Block Takeover Bid: FT
- ARGX BB : Argenx Prices $750m ADS Offer, European Private Placement
- BDT GY : Bertrandt First Half Ebit EU21.2 Mln, -41% Y/y
- BSLN SW : Basilea Says Derazantinib, Lisavanbulin Studies Remain on Track
- BFIT NA : Netherlands Accelerates Lockdown Easing With Early Gym Openings
- ENEL IM : Enel Speeds Closure of Last Coal Plant in Chile
- ENEL IM : Enel Reaches 62% in Enel Américas by Adding 5% in 2 Share Swaps
- ENGI FP : Engie Buys Austrian District Heating Company That Uses Biomass
- FRAS LN : Judge Refuses Bid to Trigger Investigation Into Debenhams: PA
- GIVN SW : Givaudan to Buy French Biotech Company Alderys; No Terms
- GSK LN : Glaxosmithkline Study Update Reinforces Drug Safety
- HLNG NO : Hoegh LNG First Quarter Ebitda $59.6 Mln, +6.6% Y/y
- IIA AV : Immofinanz 1Q Loss EU37.6 Mln Vs. Profit EU30.4 Mln Y/y
- IWG GY : IWG Proposed Placing of Shares for About GBP315m; Halts Buybacks
- LAND SW : Landis+Gyr Proposes Creating Conditional, Authorized Capital
- LOGN SW : Logitech Board Approves up to $250M 3-Year Share Buyback Plan
- LPK GY : LPKF Holder to Sell 7M Shares at EU20-EU20.5 Apiece: Terms, priced @ 20.10
- LHA GY : Lufthansa Boss Says Paying June Wages Will be Difficult: L’Echo
- NEOEN FP : Neoen to Sell Up to EU170m of European Green Convertible Bonds
- NDX1 GY : Innogy Orders Six Turbines From Nordex for 27MW German Wind Farm
- NTS NO : NTS: Ice Fish Farm Private Placement, Secondary Sale Completed
- NAS NO : Norwegian Air First Quarter Ebit Loss NOK2.08 Bln, +43% Y/y
- ONTEX BB : Ontex to Buy U.S. Feminine Hygiene Assets From Albaad; No Terms
- ROG SW : Roche Starts Phase 3 Trial of COVID-19 Treatment
- RR/ LN ; Rolls-Royce Holder AKO Capital LLP to Offer 96.7m Shrs, priced @ 318
- RYA LN : Ryanair Says ‘Ungrateful’ Lufthansa Should Not Get State Aid
- SAN FP : Sanofi’s Regeneron Sale Mimics PNC’s BlackRock Exit: ECM Watch
- SAP GY : Zuora Names Todd McElhatton as CFO
- SFER IM : Salvatore Ferragamo Names Norsa Executive Deputy Chairman
- SIOE BB : Sioen Starts Buyback Program of up to 2% of Outstanding Shares
- SRAIL SW : Swiss Billionaire Bets on Train Builder Weathering Pandemic
- STR AV : Strabag Maintains Full Year Output Forecast at About EU14.4 Bln
- TLG GY : TLG Immobilien Maintains Full Year FFO EU153 Mln to EU157 Mln
- ULTIMO NO : Ultimovacs Offering Prices 4.11m Shares at NOK38.90/Share
- VOW GY : VW CEO to Explain Golf 8 Problems to Board: Business Insider