Asia wrap: Asia equites stumbled out of the gates
Asian equities stumbled out of the gats as China's November inflation readings failed to perk up despite a cascade of stimulus efforts, signalling a persistent chill in consumer demand. Japanese markets managed a modest climb as economic growth figures got a positive nudge upwards, offering glint of optimism amid the murk.
In the US, futures hovered indecisively, mirroring the static pulse in the dollar and Treasury markets. Over in Korea, tensions simmered on the trading floors as opposition lawmakers geared up for another impeachment showdown against President Yoon, keeping investors on edge. Korean officials have ramped up their vigilance, promising to watch economic and market fluctuations amidst the political strife closely.
Globally, the mood is tinged with caution as traders navigate the murky waters of geopolitical tensions and the looming uncertainties of Trump's trade policies. The typical reflex to rally on China's 'bad news is good news' seemed muted, with traders wary of making moves amidst the current global unpredictabilities.
Author
Stephen Innes
SPI Asset Management
With more than 25 years of experience, Stephen has a deep-seated knowledge of G10 and Asian currency markets as well as precious metal and oil markets.
