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

#40140
Truman
Participant

Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note.

The approval rating of Japan’s cabinet office has increased to 65%, the highest level since Prime Minister Kishida took office.
Press reports from China noted that buyers of multiple housing projects have stopped paying mortgages, potentially resulting in up to $83 bln of bad debt.
Bank of Korea and the Reserve Bank of New Zealand raised their respective rates by 50 bps, as expected.

—Equity Markets—

Japan’s Nikkei: +0.5%
Hong Kong’s Hang Seng: -0.2%
China’s Shanghai Composite: +0.1%
India’s Sensex: -0.7%
South Korea’s Kospi: +0.5%
Australia’s ASX All Ordinaries: +0.3%