Reply To: Traders Market Weekly: Avoid Whiplash, Fasten Your Seatbelts


Equity indices in the Asia-Pacific region ended the week on a mixed note.
Japan’s Nikkei: HOLIDAY (+0.8% for the week),
Hong Kong’s Hang Seng: +1.5% (+4.7% for the week),
China’s Shanghai Composite: HOLIDAY (+0.5% for the week),
India’s Sensex: -1.0% (+0.2% for the week),
South Korea’s Kospi: -0.3% (+0.8% for the week),
Australia’s ASX All Ordinaries: +0.6% (+0.8% for the week).

Australia’s Services PMI expanded for the third consecutive month in the final reading for April.
final April Services PMI 53.6 (expected 54.2; last 54.4)
March Home Loans 2.8% m/m (expected 1.0%; last 1.5%)

Singapore March Retail Sales -1.0% m/m (last 3.1%); 2.7% yr/yr (last 8.6%)

Hong Kong
March Retail Sales -7.0% yr/yr (last 1.9%)

Markets in China remained closed for Labor Day and Japan’s Nikkei was closed for Constitution Day.

Japanese yen continued rebounding against the dollar after falling to a fresh multi-decade low earlier this week.