Reply To: Traders Market Weekly: Fear and Greed in Las Vegas.


Equity indices in the Asia-Pacific region ended the week on a mostly higher note.

Japan’s Nikkei: +0.8% (+2.3% for the week),
Hong Kong’s Hang Seng: +2.1% (+8.8% for the week),
China’s Shanghai Composite: +1.2% (+0.8% for the week),
India’s Sensex: -0.8% (+0.9% for the week),
South Korea’s Kospi: +1.1% (+2.5% for the week),
Australia’s ASX All Ordinaries: -1.3% (+0.3% for the week).

Hong Kong’s Hang Seng (+2.1%) showing relative strength thanks in part to property names.

April Tokyo CPI 1.8% yr/yr (expected 2.6%; last 2.6%) and Tokyo Core CPI 1.6% yr/yr (expected 2.2%; last 2.4%)
The Japanese yen fell to a fresh 34-year low against the dollar after the Bank of Japan made no policy changes.

Q1 URA Property Index 1.4% qtr/qtr (expected 1.5%; last 2.8%).
March Industrial Production -16.0% m/m (expected -8.8%; last 14.6%); -9.2% yr/yr (expected -1.5%; last 4.4%)

Q1 PPI 0.9% qtr/qtr (last 0.9%); 4.3% yr/yr (last 4.1%).
Q1 Import Price Index -1.8% qtr/qtr (expected 0.1%; last 1.1%) and Export Price Index -2.1% qtr/qtr (last 5.6%)
Anglo American rejected BHP Billiton’s acquisition offer.

South Korea
Government warned that the U.S. plan to subsidize electric vehicles will collapse if battery manufacturers remain prohibited from buying graphite from China.