Reply To: Traders Market Weekly: A Magical Green First Quarter for Stocks

#73541
Truman
Participant

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

Markets in Hong Kong, Australia, and New Zealand remained closed for Easter Monday.

Japan’s Nikkei: -1.4%,
Hong Kong’s Hang Seng: HOLIDAY,
China’s Shanghai Composite: +1.2%,
India’s Sensex: +0.5%,
South Korea’s Kospi: UNCH,
Australia’s ASX All Ordinaries: HOLIDAY.

China
China’s official Manufacturing PMI returned into expansionary territory for the first time since September while Caixin Manufacturing PMI pointed to the fastest pace of expansion since February 2023.
Japanese automotive component manufacturer Denso will sell its entire 9.1% stake in Toyota Industries.
Former Bank of Japan policymaker Watanabe said that the next rate hike is likely to take place in October.
March Manufacturing PMI 50.8 (expected 50.1; last 49.1)
Non-Manufacturing PMI 53.0 (expected 51.3; last 51.4).
March Caixin Manufacturing PMI 51.1 (expected 51.0; last 50.9)

Japan
Q1 Tankan All Big Industry Capex 4.0% (expected 9.2%; last 13.2%).
Q1 Tankan Large Manufacturers Index 11 (expected 10; last 13)
Q1 Large Non-Manufacturers Index 34 (expected 31; last 32).
March Manufacturing PMI 48.2, as expected (last 47.2)
Japanese automotive component manufacturer Denso will sell its entire 9.1% stake in Toyota Industries.
Former Bank of Japan policymaker Watanabe said that the next rate hike is likely to take place in October.

South Korea
March trade surplus $4.28 bln (expected surplus of $5.75 bln; last surplus of $4.29 bln).
March Imports -12.3% yr/yr (expected -8.1%; last -13.1%) and Exports 3.1% yr/yr (expected 5.2%; last 4.8%).
March Manufacturing PMI 49.8 (last 50.7)

Singapore
Q1 URA Property Index 1.5% qtr/qtr (last 2.8%)

  • This reply was modified 1 month, 3 weeks ago by Truman.