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


Equity indices in the Asia-Pacific region ended the week on a mostly lower note.
Japan’s Nikkei: -2.0% (-3.4% for the week),
Hong Kong’s Hang Seng: UNCH (+1.1% for the week),
China’s Shanghai Composite: HOLIDAY (+0.9% for the week),
India’s Sensex: UNCH (+0.8% for the week),
South Korea’s Kospi: -1.0% (-1.2% for the week),
Australia’s ASX All Ordinaries: -0.6% (-1.6% for the week).

Markets in China remained closed for Ching Ming Festival.

Bank of Japan Governor Ueda said that the central bank hopes to reduce the amount of government bond purchases in the future.

February Household Spending 1.4% m/m (expected 0.5%; last -2.1%); -0.5% yr/yr (expected -2.8%; last -6.3%).
February Leading Index 111.8 (expected 111.6; last 109.5) and Coincident Indicator -1.2% m/m (last -3.8%)

South Korea
February Current Account surplus $6.86 bln (last surplus of $3.05 bln)
Samsung and LG reported better-than-expected preliminary results for Q1.

Hong Kong
March Manufacturing PMI 50.9 (last 49.7)

February trade surplus AUD7.28 bln (expected surplus of AUD10.50 bln; last surplus of AUD10.06 bln).
February Imports 4.8% m/m (last 1.4%) and Exports -2.2% m/m (last 1.5%).
February Retail Sales 0.3% m/m, as expected (last 1.1%)

February Retail Sales 3.0% m/m (last -0.5%); 8.4% yr/yr (last 1.6%)

A Taiwan Semiconductor Manufacturing Company executive said that some production lines may take longer to restart after this week’s earthquake on Taiwan.

The Reserve Bank of India made no policy changes, as expected.