09 Feb '23 at 8:34 am #53141
The Hang Seng drew some support from its casino stocks following earnings reports from Wynn Resorts and MGM Grand; meanwhile, the Shanghai Composite continued to be underpinned by reopening enthusiasm. On that score, there were reports of record inflows into Chinese equities by foreign investors in January.
There was also a report in China’s Securities Times that regulators are warning companies and investors against speculation in ChatGPT-type technology plays.
Japan’s M2 Money Supply +2.7% yr/yr (expected +3.0%; last +2.9%); Machinery Tool Orders -9.7% yr/yr (last +1.0%)