Asian stocks were mixed Friday as regulatory risk took a toll on Chinese technology shares and traders awaited a U.S. jobs report that could stoke expectations for a quicker reduction in Federal Reserve stimulus.
A Hong Kong gauge of Chinese tech firms slid toward a record low after losing $1.5 trillion of market value since a February peak. Investors were spooked by ride-hailing giant Didi Global Inc.’s plan to delist from the U.S. under pressure from Beijing, and growing scrutinyof mainland firms traded in America.
U.S. equity futures fell, continuing a choppy week for markets. Crude advanced after OPEC+ proceeded with an output hike but left room for quick adjustments due to a cloudy outlook.
Volatility across assets remains elevated, reflecting the Fed’s shift toward less generous monetary settings and uncertainty about how the omicron outbreak will affect global reopening. The hope is that vaccines will remain effective or can be adjusted to cope. New York state identified at least five cases of omicron, which is continuing its worldwide spread. In the latest U.S. data, jobless claims remained low, suggesting additional progress in the job market. Traders are awaiting payrolls numbers Friday, which could shape expectations for the pace of Fed policy tightening. Bloomberg Economics expects a strong report.
Elsewhere, developer Kaisa Group Holdings Ltd. sank in Hong Kong after failing to win approval for a debt swap, underscoring China’s property-sector woes. Grab Holdings Ltd., Southeast Asia’s biggest ride-hailing and delivery company, tumbled in its first day of U.S. trading.
Elon Musk sold an additional $1 billion worth of Tesla Inc. shares to satisfy tax withholding obligations related to the exercise of stock options.
Eur$ 1.1298 CNH 6.3731 CNY 6.3720 JPY 113.19 GBP 1.3290 CHF 0.9206 RUB 73.7385 TRY 13.6960 WTI$ 67.70 Gold 1,772.60 +0.20% BTC 56,600 -300 ETH 4,530 -18
S&P -0.08% Nasdaq -0.16% EuroStoxx +0.37% FTSE +0.27% Dax +0.35% SMI
Macro :
- Citi Cuts U.S., Japan Stock Recommendations on Omicron, Fed
- China Star Trader’s New Fund Attracts $16 Billion in One Day
- Berkshire’s Munger Says Now ‘Even Crazier’ Than Dotcom Bust
Keep an eye on :
Keep an eye on :
- III LN : 3i Said to Weigh $1.2 Billion Sale of Consumer Health Firm Havea
- ADYEN NA : Adyen Issues 403,724 Shares at EU240 Apiece Under EBay Contract
- AIR FP : China Says 737 Max to Resume Commercial Operations by Early 2022
- ALV GY : Allianz Sees EU3.6B Capital Release on U.S. Reinsurance Deal
- ASSAB SS : Assa Now Sees Purchase of Spectrum Hardware Unit Closing in 2022
- NDA GY : Aurubis Sees 2022 Pretax Operating Profit EU320M to EU380M
- BOTHE BB : Bone Therapeutics Private Placing Prices at EU0.68 Per Share
- IAG LN : British Airways, Phillips 66 Reach Pact on Cleaner Jet Fuel
- BVI FP : Bureau Veritas Targets Adj. Operating Margin Above 16% in 2025
- CO FP : Vesa Equity’s Casino Stake Rises Above 5% of Voting Rights: AMF
- CO FP : Vesa Equity’s Casino Stake Rises Above 5% of Voting Rights: AMF
- CYAD BB : Celyad to Issue 6.5M Shares to Fortress at $5.00 Apiece
- COPN SW : Cosmo Holds ~96.5% of Cassiopea After Extra Acceptance Period
- 1COV GY : German Chemical Giants Pass on Higher Energy Prices to Customers
- DAI GY : Daimler Board Endorses $68 Billion Spending Plan for Mercedes
- DAI GY : Daimler Truck To Join Germany’s DAX For One Day (Dec. 2)
- DHER GY : Delivery Hero Tipped by Tekne’s Kothari at Sohn Australia: AFR
- EDF FP : French Plan to Limit Electricity Prices May Cost EU12B: Figaro
- EVK GY : German Chemical Giants Pass on Higher Energy Prices to Customers
- LDO IM : KNDS Readies EU650m Binding Bid for Leonardo Units: Reuters
- DRLCO DC : Maersk Drilling Gets One-Well Exploration Deal W/ OMV in Norway
- ILM1 GY : Medios Offers Up to 2.03m Shares to Trade Dec. 8: Terms
- MBTN SW : Meyer Burger Temporarily Cuts Production, Citing Covid Absences
- NSKOG NO : Norske Skog Holder Oceanwood Capital Management Offers Shares, Offered @ NOK38/Share
- ROG SW : Roche Develops 3 Added Test Kits to Detect Mutations in Omicron
- SEDANA SS : Sedana Medical Offers Up to SEK600m Shares via Pareto Securities, Offered @ SEK86/Share
- S30 FP : Solutions 30 Bank Conciliation Procedure Has Positive Conclusion
- SKAB SS : Skanska Revises 2022 Financial Targets, Launches New Stream
- TW/ LN : Taylor Wimpey Shares Pare Decline After Betaville Mention
- TSLA US : Elon Musk Sells Another $1.01 Billion of Tesla Shares
- ULTI NO : Ultimovacs Treatment Granted Orphan Drug Status by FDA
- VIFN SW : Vifor Pharma Says Regularly in Talks, Does Not Comment on Them
- WISE LN : Wise Tipped by Builders Union’s Bihler at Sohn Australia: AFR