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


Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note.

Japan’s chief cabinet secretary expressed concern about the rapid weakening of the yen, which fell to its lowest level against the dollar since 1998.
Tokyo is expected to raise its coronavirus alert level.
China’s National Development and Reform Commission said that the 2022 CPI target of about 3.0% remains within reach. Australia’s unemployment rate fell to its lowest level since 1974, boosting expectations for a 75-bps rate hike from the Reserve Bank of Australia.

—Equity Markets—

Japan’s Nikkei: +0.6%
Hong Kong’s Hang Seng: -0.2%
China’s Shanghai Composite: -0.1%
India’s Sensex: -0.2%
South Korea’s Kospi: -0.3%
Australia’s ASX All Ordinaries: +0.6%