ASIA MARKETS / Small premiums – Waiting for US consumer prices | News

TOKYO / SHANGHAI (Dow Jones) – Most East Asian equity markets recovered slightly on Wednesday. Participants speak of caution ahead of the long-awaited US consumer price report, which will be released well after the Asian markets close around 2:30 pm. Forecasts are as high as 8.8 percent of annual inflation. If that number were to a similar level, it would increase fears of harsh actions by the US Federal Reserve.

Smaller bonuses on some stock exchanges such as Seoul (+ 0.7%) and Hong Kong (+ 0.6%) also prompted participants to return to much lower oil prices from the day before, which did not improve significantly on Wednesday. Meanwhile, Asian currencies consolidate and the dollar continues to strengthen against the yen, gaining 0.2%. Following fears of recession, further losses of Asian currencies versus the dollar are expected. The day before, the dollar reached parity against the euro for the first time since 2002.

In the Japanese market, increases in car and aviation shares resulted in slight increases of 0.3 percent. in the Nikkei 225. Honda Motor grew by 2.6 percent and ANA Holdings by 1.8 percent. With the lighter oil price, Inpex loses 3 percent.

In Hong Kong, traders are seeing a technical recovery after two days of losses. However, according to KGI Research, the recent banking crisis in rural Henan in China has raised investor concerns about the impact of the slowdown in the real estate sector on the banking system.

Concerns over the Covid pandemic and the countermeasures initially weighed on mainland China, where the market has since crept into positive territory. They are confirmed by data showing 13.2 percent. export growth in the first half of the year, with acceleration of foreign trade in May and June. Real estate sectors are in demand and bank and mining stocks are falling.

In South Korea, the leading index is backed by airlines and electronic stocks. Institutional investors act as net buyers after two days of decline.

Meanwhile, New Zealand’s central bank raised interest rates by 50 basis points to 2.50 percent in an effort to stabilize prices and encourage sustainable employment, the relevant committee said.

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Index (stock market) last +/-%% YTD end

S & P / ASX 200 (Sydney) 6,607.80 + 0.0% -11.2% 08:00

Nikkei-225 (Tokyo) 26 460.71 + 0.5% -6.9% 08:00

Kospi (Seoul) 2 334.07 + 0.7% -21.6% 08:00

Shanghai Comp. 3,293.29 + 0.4% -9.5% 09:00

Hang Seng (Hong Kong) 20 974.99 + 0.6% -9.9% 10:00

Strait times (Sing.) 3 124.45 -0.7% + 0.1% 11:00

KLCI (Malaysia) 1,417.14 -0.6% -9.0% 11:00

FOREX last + / -% 00:00 Tue, 9:30% YTD

EUR / USD 1.0034 -0.0% 1.0036 1.0014 -11.8%

EUR / JPY 137.59 + 0.2% 137.31 137.47 + 5.1%

EUR / GBP 0.8430 -0.1% 0.8442 0.8439 + 0.3%

GBP / USD 1.1904 + 0.1% 1.1887 1.1866 -12.0%

USD / JPY 137.11 + 0.2% 136.84 137.29 + 19.1%

USD / KRW 1,304.60 -0.1% 1,306.39 1,314.41 + 9.7%

USD / CNY 6.7248 + 0.1% 6.7248 6.7341 + 5.8%

USD / CNH 6.7346 -0.0% 6.7375 6.7482 + 6.0%

USD / HKD 7.8495 -0.0% 7.8500 7.8498 + 0.7%

AUD / USD 0.6769 + 0.2% 0.6757 0.6725 -6.8%

NZD / USD 0.6127 -0.0% 0.6129 0.6107 -10.3%

Bitcoin

BTC / USD 19 490.88 + 0.8% 19 342.92 19 976.63 -57.8%

ROHL last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 95.67 95.84 -0.2% -0.17 + 32.6%

Brent / ICE 99.47 99.49 -0.0% -0.02 + 32.8%

GAS VT close +/- EUR

Dutch TTF 0.00 177.40 0% 0.00 + 40.5%

METALS last day before +/-% +/- USD% YTD

Gold (spot) 1 726.94 1 726.16 + 0.0% + 0.78 -5.6%

Silver (Spot) 18.96 18.93 + 0.1% +0.03 -18.7%

Platinum (Spot) 848.58 849.38 -0.1% -0.80 -12.6%

The future of copper 3.33 3.30 + 0.9% +0.03 -25.1%

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Contact the author: maerkte.de@dowjones.com

DJG / once / ros

(END) Dow Jones Newswires

July 13, 2022 00:30 ET (4:30 PM GMT)

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