Asian stocks edged up Wednesday as concerns over China’s latest technology clampdown eased and as traders weighed the spread of the delta strain of Covid-19. The dollar dipped.
Hong Kong stocks rallied after Chinese state media tempered language attacking gaming companies, bolstering Tencent Holdings Ltd. Shares slipped in Japan, where SoftBank Group Corp. retreated on a potential block of its $40 billion sale of Arm Ltd. to chip company Nvidia Corp. U.S. equity contracts fluctuated in the wake of a record S&P 500 close on robust earnings. Investors continue to assess regulatory risks in China as Beijing pushes on with a crackdown on technology giants. Alibaba Group Holding Ltd.’s revenue missed estimates for the first time in over two years, a sign of the clampdown’s toll.
The 10-year U.S. Treasury yield held its retreat, while Japan’s 10-year yield fell to zero for the first time since December. Oilweakened toward $70 a barrel. The delta strain is exacerbating concerns that the rebound from the pandemic is losing steam. New Zealand jobs data strengthened rate-hike bets, bolstering its currency and sapping the 10-year bond.
Solid earnings have propelled U.S. and European shares to all-time highs, weathering the spread of the more contagious Covid-19 variant as well as a burst of inflation attributed to pandemic-linked bottlenecks. In comparison, the mood in Asia is more somber amid China’s regulatory broadsides and lagging vaccination rates that are delaying economic reopening across the region.
US After Hours : INSP +13.3%, GDOT +8.5%, PAYC +6.4%, COUR +4.1% higher on earnings; CDLX -20.3%, LPSN -14.7%, AYX -6.9%, SPWR -5.8% lower on earnings; CHNG -7.4% falls on TheInfo report that DOJ may sue to block acquisition
Nikkei -0.24% Hang Seng +0.99% CSI +0.64% Shanghai +0.69% Shenzen +1.35%
Eur$ 1.1872 CNH 6.4582 CNY 6.4615 JPY 109.08 GBP 1.3925 CHF 0.9036 RUB 72.89 TRY 8.3945 WTI$ 70.35 -0.28% Gold 1812.59 +0.12% BTC 37850 -215 ETH 2490 +5
S&P -0.03% Nasdaq +0.14% EuroStoxx +0.39% FTSE +0.16 Dax +0.37% SMI +0.30%
Macro :
- UK To Advise 16 and 17-Year-Olds to Get Covid Vaccine:Telegraph
- La Liga Agrees to sell 10% stake to CVC Capital for ~$3b: NYT
Spacs :
- Cohen SPAC Is Said to Merge With Business Services Firm Pico
Keep an eye on :
Keep an eye on :
- MT NA : ArcelorMittal CEO Says Steelmaker Faces Difficult Transition in Cutting Emissions
- CNE LN : Cairn Energy a Hold at Peel Hunt, Sees Visibility Improving
- CBK GY : Commerzbank Sticks to Revenue Target After Missing Estimates
- COR PL : Corticeira Amorim 1H Net Income Rises 15% to EU39.4M (1)
- CSGN SW : Credit Suisse To Face Trial Over Mozambique Deal, FT Says
- CSGN SW : Credit Suisse To Face Trial Over Mozambique Deal, FT Says
- EVD GY : CTS Eventim to Develop EU180m Multipurpose Arena in Italy
- BN FP : Danone Delves Into Hidden Plant World in Search of Health Foods
- DOCS LN : Dr. Martens Former CEO David Suddens Offers Shares: Terms
- DWF LN : DWF Group Holder Equiniti Financial Services Offers 13.4m Shares
- NEXI IM : Nexi to Buy 51% of Alpha Merchant Acquiring Business for EU157m
- GAM SW : GAM Holding 1H Net Outflows Investment Mgmt CHF2.2B
- GLJ GY : Grenke Maintains FY Net Income EU60M to EU80M
- HAG GY : Hensoldt Maintains FY Adjusted Ebitda Margin About 18%
- BOSS GY : Hugo Boss Sees Recovery Continuing in 2H, Affirms July Forecast
- IMCD NA : IMCD 1H Operating Ebita EU192.3M Vs. EU131.4M Y/y
- JDEP NA : JDE Peet's 1H Revenue Meets Estimates
- MOCORP FH : Metso Outotec 2Q Sales Miss Estimates
- NOEJ GY : Norma 1H Revenue EU568.1M Vs. EU445M Y/y
- PST IM : Poste Italiane 2Q Net Income Beats Estimates
- RHM GY : Rheinmetall Prelim 1H Sales EU2.58B
- RHM GY : Rheinmetall Piston Writedown Shows Combustion Auto Slide: React
- RILBA DC : Rilba 1H Core Earnings DKK727M Vs. DKK530.0M Y/y
- RNBS SS : RNB Retail and Brands Considers Converting Bonds Into Shares
- ROG SW : SoftBank Is Said to Build $5 Billion Stake in Pharma Giant Roche
- RR/ LN : Langley Holdings in Pact to Buy Bergen Engines From Rolls-Royce
- SESG FP : SES Sees FY Adj Ebitda EU1.08B to EU1.10B, Saw EU1.06B to EU1.1B
- SHA GY : Schaeffler Boosts FY Adjusted Ebit Margin Forecast
- ENR GY : Siemens Energy Specifies Lower Margin Guidance After Gamesa Miss
- STM FP : Lattice Semi 3Q Revenue Forecast Beats Estimates
- HO FP : Thales Boosts FY Ebit Margin View As Agrees To Sell Rail Unit
- HO FP : Thales in Talks to Sell Unit to Hitachi for About $2B: Rtrs
- VOE AV : Nord Stream 2 Pipeline Supplier Entangled by Texas Pollution
- VOE AV : Voestalpine 1Q Ebitda Beats Estimates
- WKL NA : Wolters Kluwer Sees FY Adj. Oper Margin 25%, Saw 24.5% to 25%