Reply To: Traders Market Weekly: War, Inflation and Central Banks


Equity indices in the Asia-Pacific region were mostly higher Monday, posting modest gains.

China’s Shanghai Composite was a notable laggard (-0.7%), coming back from the extended holiday.

Japan’s Nikkei: +0.8%
Hong Kong’s Hang Seng: +0.1%
China’s Shanghai Composite: -0.7%
India’s Sensex: +0.7%
South Korea’s Kospi: +0.1%
Australia’s ASX All Ordinaries: +0.2%

Treasury Secretary Yellen continued her meetings with Chinese officials, highlighting concerns about excess capacity in some industries, like EVs and solar panels, and warned about support for Russia’s war on Ukraine.
China’s Construction Bank asked Hong Kong court to liquidate property developer Shimao because of outstanding debt obligations.
Bloomberg reported that the People’s Bank of China increased its gold reserves for the 17th consecutive month.
China’s March FX reserves $3.246 trln (expected $3.210 trln; last $3.226 trln)

Philippine central bank kept its key policy rate unchanged at 6.50%. Th

February wage income 1.8% (expected 1.8%; last 2.0%);
February Current Account JPY2.644 trln (expected JPY3.112 trln; last JPY0.438 trln);
March Economy Watchers Current Index 49.8 (expected 51.6; last 51.3)

January Home Loans 1.6% month-over-month (expected 2.3%; prior -0.9%)