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


Equity indices in the Asia-Pacific region were generally mixed on Tuesday, although Japan’s Nikkei (+1.1%) outperformed with the help of its semiconductor components.

Japan’s Nikkei: +1.1%
Hong Kong’s Hang Seng: +0.6%
China’s Shanghai Composite: +0.1%
India’s Sensex: -0.1%
South Korea’s Kospi: -0.5%
Australia’s ASX All Ordinaries: +0.5%

Nikkei (+1.1%) outperformed with the help of its semiconductor components. Prime Minister Kishida to visit the White House on Wednesday and will reportedly be aiming to bolster Japan’s relationship with the U.S., including cooperation on semiconductors. With USD/JPY nearing 152.00 (currently 151.77), lots of speculation that Japan’s Ministry of Finance could soon intervene to stem the slide in the yen, which is at a 34-year low against the dollar.
Bankruptcies in Japan hit nine-year high at end of March, according to Nikkei.
Japan’s March Household Confidence 39.5 (expected 39.6; last 39.0); Machine Tool Orders -8.5% yr/yr (last -8.0%)

Australia’s business confidence continued to slump in April.
March NAB Business Confidence 1 (last 0); April Westpac Consumer Sentiment 82.4 (last 84.4)

New Zealand
NZIER Q1 Business Confidence -25% (last -2%)
Reserve Bank of New Zealand is expected to leave its official cash rate unchanged at 5.50% at tonight’s policy meeting,

South Korea
President Yoon is attempting to draw chip makers to South Korea with multi-billion dollar incentives, according to Korean press report,