Reply To: Traders Market Weekly: Fear, Greed, War and Volatility


Equity indices in the Asia-Pacific region began the week on a mostly lower note.

Japan’s Nikkei: -0.7%,
Hong Kong’s Hang Seng: -0.7%,
China’s Shanghai Composite: +1.3%,
India’s Sensex: -1.1%,
South Korea’s Kospi: -0.4%,
Australia’s ASX All Ordinaries: -0.5%.

February Core Machinery Orders 7.7% m/m (expected 0.8%; last -1.7%); -1.8% yr/yr (last -10.9%)
The Japanese yen remained pressured against the dollar, falling to a fresh 34-year low.
Nippon Steel’s acquisition of U.S. Steel has been approved by shareholders.

South Korea
March trade surplus $4.29 bln (last surplus of $4.28 bln).
March Imports -12.3% yr/yr (last -12.3%) and Exports 3.1% yr/yr (last 3.1%)
South Korea’s fuel tax cut will be extended for two months.

March trade deficit $15.60 bln (expected deficit of $18.78 bln; last deficit of $18.71 bln).
March WPI Inflation 0.53% yr/yr (expected 0.51%; last 0.20%)

New Zealand
February Visitor Arrivals 0.9% m/m (last 7.6%)

The People’s Bank of China will reportedly start trading bonds to improve liquidity.
China will report its growth figures for Q1 overnight.