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


Asia-Pacific stocks retreated Wednesday.

India Sensex: UNCH
#China Shanghai Composite: -0.2%
#Taiwan Weighted: -0.6%
#Japan Nikkei: -1.0%
#HongKong’s Hang Seng: -1.2%
#Australia ASX: -1.4%
#SouthKorea’s Kospi: -1.7%
Taiwan Earthquake Weighed

Japan Recap
– March Services PMI 54.1 (expected 54.9; last 52.9)
– United States and Japan have reportedly agreed on subsidy rules for semiconductors and batteries.
– Bank of Japan continues to buy JGBs, amount unchanged from previous offers

China Update
March Caixin Services #PMI 52.7, as expected (last 52.7)
Treasury Secretary #Yellen will travel to China this weekend.
#HongKong’s February Retail Sales 1.9% yr/yr (last 0.9%)
Earthquake in Taiwan claimed at least 9 lives.
#TSMC dealt with interruptions

March AIG Manufacturing Index -7.0 (last -12.6)
AIG Construction Index -12.9 (last -18.4)