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


Equity indices in the Asia-Pacific region ended Tuesday on a largely flat note while Hong Kong’s Hang Seng (+2.4%) outperformed after returning from yesterday’s closure.

—Equity Markets—

Japan’s Nikkei: +0.1%
Hong Kong’s Hang Seng: +2.4%
China’s Shanghai Composite: -0.1%
India’s Sensex: -0.2%
South Korea’s Kospi: +0.2%
Australia’s ASX All Ordinaries: -0.1%

Developer China Vanke fell to a record low after its results showed that core profit fell more than 50.0% in 2023.
China Securities Daily speculated that a reserve requirement ratio cut is not likely in the short term.

Hong Kong
New home sales in Hong Kong hit a ten-year high in March.

March Manufacturing PMI 59.1 (expected 59.2; last 56.9)

South Korea
March CPI 0.1% m/m (expected 0.3%; last 0.5%); 3.1% yr/yr, as expected (last 3.1%)
Samsung is reportedly planning to increase the prices of solid state drives due to high demand.

Reserve Bank of Australia Assistant Governor Kent spoke in support of changing to an ample reserve system from the current floor system.
The latest policy minutes from the RBA showed that a potential rate hike was not discussed at the last policy meeting.
Australia’s March Manufacturing PMI 47.3 (expected 46.8; last 47.8).
March MI Inflation Gauge 0.1% m/m (last -0.1%) March job advertisements -1.0% m/m (last -2.1%).
March Commodity Prices -15.3% yr/yr (last -15.3%)