Reply To: Traders Market Weekly: Valuation Matters in Earnings Season


Equity indices in the Asia-Pacific region began the week on a mostly lower note.

China reported slightly hotter than expected inflation figures for June. Casinos in Macau have been shut down once again in response to a coronavirus outbreak.
Property developer Evergrande is on track for its first onshore default after creditors refused to extend a bond payment deadline. The shadow board of the Reserve Bank of New Zealand is calling for a 50-bps hike on Wednesday.
Japan’s Prime Minister Kishida is expected to reshuffle his cabinet in the coming months. The country’s ruling coalition maintained its majority following Sunday’s elections to the upper house.

—Equity Markets—

Japan’s Nikkei: +1.1%
Hong Kong’s Hang Seng: -2.8%
China’s Shanghai Composite: -1.3%
India’s Sensex: -0.2%
South Korea’s Kospi: -0.4%
Australia’s ASX All Ordinaries: -1.2%